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
DateValue
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