American Express (AXP) Research & Development (2014 - 2026)
American Express (AXP) posted Research & Development of $1.6 billion for Q1 2026, down 7.93% sequentially from $1.7 billion in Q4 2025, and up 4.05% YoY from $1.5 billion in Q1 2025.
American Express (AXP) Research & Development (2014 - 2026) Analysis & Trends
American Express (AXP) has 10 years of Research & Development data on file, last reported at $1.6 billion in Q1 2026.
- Quarterly Research & Development rose 4.05% year-over-year to $1.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $6.5 billion (up 8.24% YoY) and the FY2025 annual result came in at $6.5 billion, up 9.7% from the prior year.
- Research & Development eased to $1.6 billion in Q1 2026 per AXP's latest filing, from $1.7 billion in the prior quarter.
- The five-year high for Research & Development was $1.7 billion in Q4 2025, with the low at $1.0 billion in Q1 2022.
- Average Research & Development over 5 years is $1.4 billion, with a median of $1.4 billion recorded in 2024.
- Year-over-year, Research & Development soared 57.93% in 2022 and dropped 1.14% in 2023.
- American Express' Research & Development stood at $1.3 billion in 2022, then advanced by 13.9% to $1.5 billion in 2023, then increased by 10.38% to $1.6 billion in 2024, then climbed by 5.56% to $1.7 billion in 2025, then slipped by 7.93% to $1.6 billion in 2026.
- Business Quant data shows AXP's Research & Development at $1.6 billion in Q1 2026, $1.7 billion in Q4 2025, and $1.6 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 260.00 Mn |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | - |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 1.59 Bn |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 793.00 Mn |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | - |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 187.68 Mn |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | - |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | - |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | -20.39 Mn |
| 10 | Sezzle | 5.91 Bn | 5.79 Bn | - | 4.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.59 Bn |
| Dec 31, 2025 | 1.73 Bn |
| Sep 30, 2025 | 1.61 Bn |
| Jun 30, 2025 | 1.59 Bn |
| Mar 31, 2025 | 1.53 Bn |
| Dec 31, 2024 | 1.64 Bn |
| Sep 30, 2024 | 1.43 Bn |
| Jun 30, 2024 | 1.43 Bn |
| Mar 31, 2024 | 1.39 Bn |
| Dec 31, 2023 | 1.48 Bn |
| Sep 30, 2023 | 1.39 Bn |
| Jun 30, 2023 | 1.39 Bn |
| Mar 31, 2023 | 1.39 Bn |
| Dec 31, 2022 | 1.30 Bn |
| Sep 30, 2022 | 1.19 Bn |
| Jun 30, 2022 | 1.40 Bn |
| Mar 31, 2022 | 1.04 Bn |
| Dec 31, 2021 | 1.13 Bn |
| Sep 30, 2021 | 943.00 Mn |
| Jun 30, 2021 | 889.00 Mn |