American Express (AXP) Research & Development (2014 - 2026)

American Express has disclosed Research & Development across 10 years of filings, most recently posting $1.6 billion for Q1 2026.

• Research & Development for Q1 2026 came in at $1.6 billion, up 4.05% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.5 billion (up 8.24% YoY), and the FY2025 annual result was $6.5 billion, up 9.7% from the prior year.
• Research & Development came in at $1.6 billion for Q1 2026 at American Express, down from $1.7 billion in the prior quarter.
• In the past five years, Research & Development ranged from a high of $1.7 billion in Q4 2025 to a low of $1.0 billion in Q1 2022.
• The 5-year median for Research & Development is $1.4 billion (2024), against an average of $1.4 billion.
• Across the five-year window, Research & Development surged 57.93% in 2022 and fell 1.14% in 2023, its largest moves.
• American Express' Research & Development stood at $1.3 billion in 2022, then increased by 13.9% to $1.5 billion in 2023, then advanced by 10.38% to $1.6 billion in 2024, then rose by 5.56% to $1.7 billion in 2025, then fell by 7.93% to $1.6 billion in 2026.
• The last three Research & Development figures came in at $1.6 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.6 billion (Q3 2025), per Business Quant data.