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

American Express has reported Operating Expenses for 18 years, with the latest figure at $14.5 billion in Q2 2026.

• Quarterly Operating Expenses rose 12.25% year-over-year to $14.5 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $56.2 billion (up 10.98% YoY) and the FY2025 annual result came in at $53.2 billion, up 11.09% from the prior year.
• Operating Expenses grew to $14.5 billion in Q2 2026 per AXP's latest filing, from $13.9 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $14.5 billion in Q2 2026 and troughed at $9.1 billion in Q1 2022.
• A 5-year average of $12.0 billion and a median of $11.6 billion in 2023 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 34.24% in 2022, then rose 1.38% in 2024.
• Over 5 years, Operating Expenses stood at $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, then grew by 0.04% to $14.5 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $14.5 billion, $13.9 billion, and $14.5 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.