American Express annual operating expenses
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American Express Operating Expenses Growth & History (AXP)
American Express's operating expenses was $53.18B for fiscal 2025.
View full American Express company overviewAmerican Express annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $53.18B | $5.31B | +11.09% |
| 2024 | 2024-12-31 | $47.87B | $2.79B | +6.19% |
| 2023 | 2023-12-31 | $45.08B | $3.98B | +9.69% |
| 2022 | 2022-12-31 | $41.09B | $7.99B | +24.12% |
| 2021 | 2021-12-31 | $33.11B | $6.05B | +22.35% |
| 2020 | 2020-12-31 | $27.06B | −$4.49B | −14.24% |
| 2019 | 2019-12-31 | $31.55B | $2.69B | +9.32% |
| 2018 | 2018-12-31 | $28.86B | $2.17B | +8.13% |
| 2017 | 2017-12-31 | $26.69B | $1.32B | +5.22% |
| 2016 | 2016-12-31 | $25.37B | $2.48B | +10.82% |
| 2015 | 2015-12-31 | $22.89B | −$261.0M | −1.13% |
| 2014 | 2014-12-31 | $23.15B | $3.0M | +0.01% |
| 2013 | 2013-12-31 | $23.15B | −$242.0M | −1.03% |
| 2012 | 2012-12-31 | $23.39B | $1.50B | +6.84% |
| 2011 | 2011-12-31 | $21.89B | $2.48B | +12.79% |
| 2010 | 2010-12-31 | $19.41B | $3.23B | +19.95% |
| 2009 | 2009-12-31 | $16.18B | −$2.80B | −14.77% |
| 2008 | 2008-12-31 | $18.99B | $1.22B | +6.89% |
| 2007 | 2007-12-31 | $17.76B | — | — |
American Express quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $14.48B | $1.58B | +12.25% |
| Q1 2026 | 2026-03-31 | $13.88B | $1.39B | +11.14% |
| Q4 2025 | 2025-12-31 | $14.48B | $1.34B | +10.24% |
| Q3 2025 | 2025-09-30 | $13.31B | $1.24B | +10.25% |
| Q2 2025 | 2025-06-30 | $12.90B | $1.63B | +14.42% |
| Q1 2025 | 2025-03-31 | $12.49B | $1.10B | +9.66% |
| Q4 2024 | 2024-12-31 | $13.13B | $1.28B | +10.81% |
| Q3 2024 | 2024-09-30 | $12.08B | $1.03B | +9.30% |
| Q2 2024 | 2024-06-30 | $11.28B | $153.0M | +1.38% |
| Q1 2024 | 2024-03-31 | $11.39B | $328.0M | +2.97% |
| Q4 2023 | 2023-12-31 | $11.85B | $572.0M | +5.07% |
| Q3 2023 | 2023-09-30 | $11.05B | $729.0M | +7.06% |
| Q2 2023 | 2023-06-30 | $11.12B | $680.0M | +6.51% |
| Q1 2023 | 2023-03-31 | $11.06B | $2.00B | +22.12% |
| Q4 2022 | 2022-12-31 | $11.28B | $1.49B | +15.25% |
| Q3 2022 | 2022-09-30 | $10.32B | $1.65B | +19.03% |
| Q2 2022 | 2022-06-30 | $10.44B | $2.53B | +32.03% |
| Q1 2022 | 2022-03-31 | $9.06B | $2.31B | +34.24% |
| Q4 2021 | 2021-12-31 | $9.79B | $2.18B | +28.70% |
| Q3 2021 | 2021-09-30 | $8.67B | $1.95B | +28.96% |
| Q2 2021 | 2021-06-30 | $7.91B | $2.41B | +43.85% |
| Q1 2021 | 2021-03-31 | $6.75B | −$491.0M | −6.78% |
| Q4 2020 | 2020-12-31 | $7.60B | −$751.0M | −8.99% |
| Q3 2020 | 2020-09-30 | $6.72B | −$1.12B | −14.30% |
| Q2 2020 | 2020-06-30 | $5.50B | −$2.26B | −29.13% |
| Q1 2020 | 2020-03-31 | $7.24B | −$360.0M | −4.74% |
| Q4 2019 | 2019-12-31 | $8.36B | $666.0M | +8.66% |
| Q3 2019 | 2019-09-30 | $7.84B | $635.0M | +8.81% |
| Q2 2019 | 2019-06-30 | $7.76B | $653.0M | +9.19% |
| Q1 2019 | 2019-03-31 | $7.60B | $736.0M | +10.73% |
| Q4 2018 | 2018-12-31 | $7.69B | $614.0M | +8.68% |
| Q3 2018 | 2018-09-30 | $7.21B | $520.0M | +7.77% |
| Q2 2018 | 2018-06-30 | $7.11B | $473.0M | +7.13% |
| Q1 2018 | 2018-03-31 | $6.86B | $564.0M | +8.96% |
| Q4 2017 | 2017-12-31 | $7.08B | −$2.53B | −26.36% |
| Q3 2017 | 2017-09-30 | $6.69B | $1.15B | +20.85% |
| Q2 2017 | 2017-06-30 | $6.63B | $1.88B | +39.44% |
| Q1 2017 | 2017-03-31 | $6.30B | $827.0M | +15.12% |
| Q4 2016 | 2016-12-31 | $9.61B | $3.24B | +50.95% |
| Q3 2016 | 2016-09-30 | $5.54B | −$191.0M | −3.34% |
| Q2 2016 | 2016-06-30 | $4.76B | −$831.0M | −14.87% |
| Q1 2016 | 2016-03-31 | $5.47B | $256.0M | +4.91% |
| Q4 2015 | 2015-12-31 | $6.37B | $91.0M | +1.45% |
| Q3 2015 | 2015-09-30 | $5.73B | $157.0M | +2.82% |
| Q2 2015 | 2015-06-30 | $5.59B | −$243.0M | −4.17% |
| Q1 2015 | 2015-03-31 | $5.21B | −$266.0M | −4.85% |
| Q4 2014 | 2014-12-31 | $6.27B | $290.0M | +4.85% |
| Q3 2014 | 2014-09-30 | $5.57B | −$309.0M | −5.26% |
| Q2 2014 | 2014-06-30 | $5.83B | $98.0M | +1.71% |
| Q1 2014 | 2014-03-31 | $5.48B | −$76.0M | −1.37% |
| Q4 2013 | 2013-12-31 | $5.98B | −$868.0M | −12.67% |
| Q3 2013 | 2013-09-30 | $5.88B | $365.0M | +6.62% |
| Q2 2013 | 2013-06-30 | $5.73B | $107.0M | +1.90% |
| Q1 2013 | 2013-03-31 | $5.56B | $154.0M | +2.85% |
| Q4 2012 | 2012-12-31 | $6.85B | $1.27B | +22.69% |
| Q3 2012 | 2012-09-30 | $5.51B | −$98.0M | −1.75% |
| Q2 2012 | 2012-06-30 | $5.63B | $129.0M | +2.35% |
| Q1 2012 | 2012-03-31 | $5.40B | $200.0M | +3.84% |
| Q4 2011 | 2011-12-31 | $5.58B | $57.0M | +1.03% |
| Q3 2011 | 2011-09-30 | $5.61B | $651.0M | +13.13% |
| Q2 2011 | 2011-06-30 | $5.50B | $938.0M | +20.58% |
| Q1 2011 | 2011-03-31 | $5.20B | $837.0M | +19.18% |
| Q4 2010 | 2010-12-31 | $5.53B | $935.0M | +20.36% |
| Q3 2010 | 2010-09-30 | $4.96B | $1.04B | +26.53% |
| Q2 2010 | 2010-06-30 | $4.56B | $468.0M | +11.44% |
| Q1 2010 | 2010-03-31 | $4.37B | $786.0M | +21.96% |
| Q4 2009 | 2009-12-31 | $4.59B | — | — |
| Q3 2009 | 2009-09-30 | $3.92B | −$807.0M | −17.07% |
| Q2 2009 | 2009-06-30 | $4.09B | −$767.0M | −15.79% |
| Q1 2009 | 2009-03-31 | $3.58B | — | — |
| Q3 2008 | 2008-09-30 | $4.73B | — | — |
| Q2 2008 | 2008-06-30 | $4.86B | — | — |
American Express operating expenses trends
Over the last five fiscal years, American Express's operating expenses increased from $27.06B to $53.18B, a change of $26.12B. The latest reported quarter, Q2 2026, shows $14.48B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review American Express source filings ↗