American Express (AXP) Operating Expenses (2009 - 2026)

American Express has disclosed Operating Expenses across 18 years of filings, most recently posting $13.9 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $13.9 billion, up 11.14% year-over-year; the trailing twelve-month figure through Mar 2026 was $54.6 billion (up 11.44% YoY), and the FY2025 annual result was $53.2 billion, up 11.09% from the prior year.
• Operating Expenses came in at $13.9 billion for Q1 2026 at American Express, down from $14.5 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $14.5 billion in Q4 2025 to a low of $9.1 billion in Q1 2022.
• The 5-year median for Operating Expenses is $11.4 billion (2024), against an average of $11.8 billion.
• Across the five-year window, Operating Expenses surged 34.24% in 2022 and grew 1.38% in 2024, its largest moves.
• American Express' Operating Expenses stood at $11.3 billion in 2022, then climbed by 5.07% to $11.9 billion in 2023, then advanced by 10.81% to $13.1 billion in 2024, then climbed by 10.24% to $14.5 billion in 2025, then retreated by 4.13% to $13.9 billion in 2026.
• The last three Operating Expenses figures came in at $13.9 billion (Q1 2026), $14.5 billion (Q4 2025), and $13.3 billion (Q3 2025), per Business Quant data.