American Express (AXP) Cost of Revenue (2021 - 2026)

American Express has reported Cost of Revenue for 6 years, with the latest figure at $1.6 billion in Q2 2026.

• Quarterly Cost of Revenue rose 6.11% year-over-year to $1.6 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $6.3 billion (up 3.53% YoY) and the FY2025 annual result came in at $6.3 billion, up 3.51% from the prior year.
• Cost of Revenue grew to $1.6 billion in Q2 2026 per AXP's latest filing, from $1.5 billion in the prior quarter.
• Over five years, Cost of Revenue peaked at $1.6 billion in Q2 2026 and troughed at $1.2 billion in Q1 2022.
• A 5-year average of $1.4 billion and a median of $1.5 billion in 2024 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2022 and 2024: Cost of Revenue fell 19.62% in 2022, then surged 31.43% in 2024.
• Over 5 years, Cost of Revenue stood at $1.3 billion in 2022, then slipped by 3.61% to $1.2 billion in 2023, then surged by 31.43% to $1.6 billion in 2024, then slipped by 0.12% to $1.6 billion in 2025, then rose by 2.36% to $1.6 billion in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $1.6 billion, $1.5 billion, and $1.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.