KPIs & Operating Metrics(New)

American Express (AXP) Cost of Revenue: 2021-2025

Historic Cost of Revenue for American Express (AXP) over the last 5 years, with Sep 2025 value amounting to $1.6 billion.

  • American Express' Cost of Revenue rose 8.78% to $1.6 billion in Q3 2025 from the same period last year, while for Sep 2025 it was $6.3 billion, marking a year-over-year increase of 10.61%. This contributed to the annual value of $6.0 billion for FY2024, which is 15.86% up from last year.
  • As of Q3 2025, American Express' Cost of Revenue stood at $1.6 billion, which was up 2.83% from $1.6 billion recorded in Q2 2025.
  • American Express' 5-year Cost of Revenue high stood at $1.6 billion for Q4 2024, and its period low was $964.0 million during Q1 2021.
  • Moreover, its 3-year median value for Cost of Revenue was $1.5 billion (2024), whereas its average is $1.4 billion.
  • Its Cost of Revenue has fluctuated over the past 5 years, first declined by 19.62% in 2022, then soared by 31.43% in 2024.
  • Quarterly analysis of 5 years shows American Express' Cost of Revenue stood at $1.6 billion in 2021, then dropped by 19.62% to $1.3 billion in 2022, then declined by 3.61% to $1.2 billion in 2023, then soared by 31.43% to $1.6 billion in 2024, then rose by 8.78% to $1.6 billion in 2025.
  • Its Cost of Revenue was $1.6 billion in Q3 2025, compared to $1.6 billion in Q2 2025 and $1.5 billion in Q1 2025.