Operating Expenses

Card Member Rewards Expense

American Express Card Member Rewards Expense increased by 6.1% to $4.89B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.7%, from $4.38B to $4.89B.

Analysis

StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2022
Last reportedQ1 2026Apr 23, 2026
Metric ID: axp_card_member_rewards_expense

Historical Data

13 periods
 Q1 '22Q2 '22Q3 '22Q1 '23Q2 '23Q3 '23Q1 '24Q2 '24Q3 '24Q1 '25Q2 '25Q3 '25Q1 '26
Value$3.11B$3.59B$3.57B$3.77B$3.96B$3.79B$3.77B$4.23B$4.17B$4.38B$4.62B$4.61B$4.89B
QoQ Change+15.4%-0.6%+5.5%+5.0%-4.1%-0.5%+12.0%-1.4%+5.0%+5.5%-0.2%+6.1%
YoY Change+21.1%+10.2%+6.2%+0.2%+6.9%+9.9%+16.0%+9.3%+10.6%+11.7%
Range$3.11B$4.89B
CAGR+16.3%
Avg YoY Growth+10.2%
Median YoY Growth+10.0%

Frequently Asked Questions

What is American Express's card member rewards expense?
American Express (AXP) reported card member rewards expense of $4.89B in Q1 2026.
How has American Express's card member rewards expense changed year-over-year?
American Express's card member rewards expense increased by 11.7% year-over-year, from $4.38B to $4.89B.