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American Express (AXP) Operating Expenses (2016 - 2026)

American Express' Operating Expenses history spans 18 years, with the latest figure at $13.9 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 11.14% to $13.9 billion in Q1 2026 year-over-year; TTM through Mar 2026 was $54.6 billion, a 11.44% increase, with the full-year FY2025 number at $53.2 billion, up 11.09% from a year prior.
  • Operating Expenses hit $13.9 billion in Q1 2026 for American Express, down from $14.5 billion in the prior quarter.
  • Over the last five years, Operating Expenses for AXP hit a ceiling of $14.5 billion in Q4 2025 and a floor of $9.1 billion in Q1 2022.
  • Historically, Operating Expenses has averaged $11.8 billion across 5 years, with a median of $11.4 billion in 2024.
  • Biggest five-year swings in Operating Expenses: skyrocketed 34.24% in 2022 and later rose 1.38% in 2024.
  • Tracing AXP's Operating Expenses over 5 years: stood at $11.3 billion in 2022, then grew by 5.07% to $11.9 billion in 2023, then rose by 10.81% to $13.1 billion in 2024, then grew by 10.24% to $14.5 billion in 2025, then decreased by 4.13% to $13.9 billion in 2026.
  • Business Quant data shows Operating Expenses for AXP at $13.9 billion in Q1 2026, $14.5 billion in Q4 2025, and $13.3 billion in Q3 2025.