---
schema_version: "secwatch.filing_event.v1"
accession: "0000004962-23-000015"
form_type: "8-K"
ticker: "AXP"
cik: "0000004962"
company_name: "AMERICAN EXPRESS CO"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:56:48.217025+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AmEx Q1 revenue record $14.3B (+22% YoY); EPS $2.40 (-12% YoY) as credit costs rise; reaffirms FY guidance

## Summary
- Revenue $14.3B record, up 22% YoY; card member spending up 16% FX-adjusted, T&E up 39%.
- Diluted EPS $2.40 (down 12% YoY); net income $1.8B (down 13%); provisions for credit losses $1.055B vs $33M benefit prior year.
- Dividend declared $0.60 per share, up 15% from $0.52.
- Reaffirmed FY2023 guidance: revenue growth 15-17%, EPS $11.00-$11.40.
- U.S. Consumer Services pretax income $1.1B (down 26% YoY); International Card Services pretax $189M (down 23%).

## SEC filing metadata
- accession: 0000004962-23-000015
- form_type: 8-K
- ticker: AXP
- cik: 0000004962
- company_name: AMERICAN EXPRESS CO
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4962/000000496223000015/0000004962-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4962/000000496223000015/axp-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004962-23-000015
- JSON: https://secwatch.observer/filing/0000004962-23-000015.json
- Plain text: https://secwatch.observer/filing/0000004962-23-000015.txt

## Key facts
- Earnings Releases
  AMERICAN EXPRESS CO reported first-quarter ended March 31, 2023 results: revenue $14,281, net income $1,816, EPS $2.40. Guidance reaffirmed.
  - Period: first-quarter ended March 31, 2023
  - Revenue: $14,281
  - Net income: $1,816
  - EPS: $2.40
  - Guidance: reaffirmed
  - Result: reported results
  source text: Total Network Volumes (Billions) $398.9 $350.3 14% Total Revenues Net of Interest Expense $14,281 $11,735 22% Total Provisions for Credit Losses $1,055 $(33) # Net Income $1,816 $2,099 (13)% Diluted Earnings Per Common Share 1 $2.40 $2.73 (12)% Average Diluted Common Shares Outstanding 744 758 (2)%
  evidence_url: https://www.sec.gov/Archives/edgar/data/4962/000000496223000015/0000004962-23-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.