8-K
filed January 27, 2023, 6:59 PM ET
ticker AXP
CIK 0000004962
earnings
confidence high
sentiment positive
materiality 0.75
American Express FY2022 revenue up 25% to $52.9B; guides FY2023 EPS $11.00-11.40
AMERICAN EXPRESS CO
2022-FY EPS reported
$9.85
revenue$34,219,000,000
- Q4 revenue record $14.2B (+17% YoY); EPS $2.07 vs $2.18 a year ago.
- FY2022 EPS $9.85 vs $10.02; provisions for credit losses $2.2B vs benefit of $1.4B in 2021.
- Guides FY2023 revenue growth 15-17% and EPS $11.00-$11.40.
- Plans to raise quarterly dividend 15% to $0.60/share starting Q1 2023.
- Record 12.5 million new Card accounts added in 2022; card member spending drove growth.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
AMERICAN EXPRESS CO reported Fourth-quarter 2022 results: revenue $14.2 billion, net income $1.6 billion, EPS $2.07.
- Period
- Fourth-quarter 2022
- Revenue
- $14.2 billion
- Net income
- $1.6 billion
- EPS
- $2.07
- Result
- reported results
Exact text from the filing
Fourth-quarter consolidated total revenues net of interest expense were $14.2 billion, up 17 percent from $12.1 billion a year ago.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
AMERICAN EXPRESS CO reported Fourth-quarter 2022 results: revenue $14.2 billion, net income $1.6 billion, EPS $2.07.
- Period
- Fourth-quarter 2022
- Revenue
- $14.2 billion
- Net income
- $1.6 billion
- EPS
- $2.07
- Result
- reported results
Exact text from the filing
AMERICAN EXPRESS DELIVERS ON 2022 GROWTH PLAN WITH FULL-YEAR REVENUE GROWTH OF 25% AND EARNINGS PER SHARE OF $9.85 FOURTH-QUARTER 2022 REVENUE INCREASED 17% TO A RECORD $14.2 BILLION, DRIVEN BY HIGHEST EVER QUARTERLY CARD MEMBER SPENDING; EPS FOR QUARTER WAS $2.07 COMPANY EXPECTS FULL-YEAR 2023 REVENUE GROWTH OF 15% TO 17% AND EPS OF $11.00 TO $11.40 AS IT
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
AMERICAN EXPRESS CO reported Full-year 2023 results: revenue 15% to 17%, EPS $11.00 to $11.40. Guidance initiated.
- Period
- Full-year 2023
- Revenue
- 15% to 17%
- EPS
- $11.00 to $11.40
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Given our momentum, we expect 2023 revenue growth of 15 percent to 17 percent and earnings per share of $11.00 to $11.40.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
AMERICAN EXPRESS CO reported Full-year 2022 results: revenue $52.9 billion, net income $7.5 billion, EPS $9.85.
- Period
- Full-year 2022
- Revenue
- $52.9 billion
- Net income
- $7.5 billion
- EPS
- $9.85
- Result
- reported results
Exact text from the filing
Consolidated total revenues net of interest expense for the full year were $52.9 billion, up 25 percent from $42.4 billion a year ago.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
AMERICAN EXPRESS CO reported Full-year 2022 results: revenue $52.9 billion, net income $7.5 billion, EPS $9.85.
- Period
- Full-year 2022
- Revenue
- $52.9 billion
- Net income
- $7.5 billion
- EPS
- $9.85
- Result
- reported results
Exact text from the filing
longer-term growth plan aspirations for double-digit annual revenue growth and mid-teens EPS growth.” Consolidated total revenues net of interest expense for the full year were $52.9 billion, up 25 percent from $42.4 billion a year ago. The increase primarily reflected growth in Card Member spending compared to the prior year. Consolidated provisions for credit
View on SEC.gov
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