American Express Total Operating Expenses by Year

American Express Total Operating Expenses: $53,178M in FY2025, up 11.1% from a year earlier. That is the highest of the 11 years on record here.

“|| Total expenses | 14,476 | 13,314 | 12,901 | 12,487 | 13,131 | 10 | 53,178 | 47,869 | 11”

Source: 8-K EX-99.2 (Q4'25, filed 2026-01-30) ↗

• Card Member Rewards Expense ($M)18,409 · FY2025
• Business Development Expense ($M)6,457 · FY2025
• Card Member Services Expense ($M)6,057 · FY2025
• Marketing Expense ($M)6,252 · FY2025
• Salaries and Employee Benefits ($M)9,016 · FY2025
• Other Operating Expenses ($M)1,577 · FY2025

See every metric in the American Express KPI table. Data updated Oct 25, 2026.