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

American Express has disclosed Operating Expenses across 18 years of filings, most recently posting $14.5 billion for Q2 2026.

• In Q2 2026, Operating Expenses rose 12.25% year-over-year to $14.5 billion; the TTM figure through Jun 2026 stood at $56.2 billion (up 10.98% YoY), while the FY2025 annual figure was $53.2 billion, up 11.09% from the prior year.
• Operating Expenses came in at $14.5 billion for Q2 2026 at American Express, up from $13.9 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $14.5 billion in Q2 2026 to a low of $9.1 billion in Q1 2022.
• Average Operating Expenses over 5 years is $12.0 billion, with a median of $11.6 billion recorded in 2023.
• Year-over-year, Operating Expenses soared 34.24% in 2022 and increased 1.38% in 2024.
• Over 5 years, 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 advanced by 0.04% to $14.5 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $14.5 billion in Q2 2026, $13.9 billion in Q1 2026, and $14.5 billion in Q4 2025.