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American Express (AXP) Research & Development (2016 - 2025)

American Express' Research & Development history spans 9 years, with the latest figure at $1.7 billion for Q4 2025.

  • For Q4 2025, Research & Development rose 5.56% year-over-year to $1.7 billion; the TTM value through Dec 2025 reached $6.5 billion, up 9.7%, while the annual FY2025 figure was $6.5 billion, 9.7% up from the prior year.
  • Research & Development for Q4 2025 was $1.7 billion at American Express, up from $1.6 billion in the prior quarter.
  • Across five years, Research & Development topped out at $1.7 billion in Q4 2025 and bottomed at $802.0 million in Q1 2021.
  • The 5-year median for Research & Development is $1.4 billion (2023), against an average of $1.3 billion.
  • The largest annual shift saw Research & Development soared 57.93% in 2022 before it dropped 1.14% in 2023.
  • A 5-year view of Research & Development shows it stood at $1.1 billion in 2021, then increased by 15.43% to $1.3 billion in 2022, then rose by 13.9% to $1.5 billion in 2023, then rose by 10.38% to $1.6 billion in 2024, then grew by 5.56% to $1.7 billion in 2025.
  • Per Business Quant, the three most recent readings for AXP's Research & Development are $1.7 billion (Q4 2025), $1.6 billion (Q3 2025), and $1.6 billion (Q2 2025).