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

American Express' Operating Expenses history spans 17 years, with the latest figure at $1.7 billion for Q4 2025.

  • For Q4 2025, Operating Expenses fell 86.84% year-over-year to $1.7 billion; the TTM value through Dec 2025 reached $40.4 billion, down 15.54%, while the annual FY2025 figure was $6.5 billion, 86.51% down from the prior year.
  • Operating Expenses for Q4 2025 was $1.7 billion at American Express, down from $13.3 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $13.3 billion in Q3 2025 and bottomed at $1.7 billion in Q4 2025.
  • The 5-year median for Operating Expenses is $11.1 billion (2023), against an average of $10.4 billion.
  • The largest annual shift saw Operating Expenses surged 43.85% in 2021 before it plummeted 86.84% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $9.8 billion in 2021, then increased by 15.25% to $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 tumbled by 86.84% to $1.7 billion in 2025.
  • Per Business Quant, the three most recent readings for AXP's Operating Expenses are $1.7 billion (Q4 2025), $13.3 billion (Q3 2025), and $12.9 billion (Q2 2025).