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American Express (AXP) Operating Expenses (2016 - 2025)

American Express (AXP) has disclosed Operating Expenses for 17 consecutive years, with $14.5 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 10.24% to $14.5 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $53.2 billion through Dec 2025, up 11.09% year-over-year, with the annual reading at $53.2 billion for FY2025, 11.09% up from the prior year.
  • Operating Expenses hit $14.5 billion in Q4 2025 for American Express, up from $13.3 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 $6.7 billion in Q1 2021.
  • Historically, Operating Expenses has averaged $11.0 billion across 5 years, with a median of $11.2 billion in 2023.
  • Biggest YoY gain for Operating Expenses was 43.85% in 2021; the steepest drop was 6.78% in 2021.
  • Year by year, Operating Expenses stood at $9.8 billion in 2021, then rose by 15.25% to $11.3 billion in 2022, then increased by 5.07% to $11.9 billion in 2023, then grew by 10.81% to $13.1 billion in 2024, then increased by 10.24% to $14.5 billion in 2025.
  • Business Quant data shows Operating Expenses for AXP at $14.5 billion in Q4 2025, $13.3 billion in Q3 2025, and $12.9 billion in Q2 2025.