---
schema_version: "secwatch.filing_event.v1"
accession: "0000004962-23-000037"
form_type: "8-K"
ticker: "AXP"
cik: "0000004962"
company_name: "AMERICAN EXPRESS CO"
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T19:14:34.572878+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# American Express Q3 net income $2.45B, EPS $3.30; revenue record $15.4B, up 13% YoY

## Summary
- Record quarterly revenue of $15.4B (+13% YoY) driven by card member spending and higher loan volumes.
- Diluted EPS of $3.30, a record, up 34% from $2.47 a year ago; net income $2.451B (+30%).
- Provisions for credit losses rose 58% to $1.233B, reflecting higher net write-offs and a lower reserve build.
- Card member spending (billed business) grew 8% YoY; T&E spending up 13% and U.S. Millennial/Gen Z spending up 18%.
- Company reaffirms full-year guidance; long-term growth plan aspirational.

## SEC filing metadata
- accession: 0000004962-23-000037
- form_type: 8-K
- ticker: AXP
- cik: 0000004962
- company_name: AMERICAN EXPRESS CO
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4962/000000496223000037/0000004962-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4962/000000496223000037/axp-20231020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004962-23-000037
- JSON: https://secwatch.observer/filing/0000004962-23-000037.json
- Plain text: https://secwatch.observer/filing/0000004962-23-000037.txt

## Key facts
- Earnings Releases
  AMERICAN EXPRESS CO reported third-quarter 2023 results: revenue $15,381 million, net income $2,451 million, EPS $3.30. Guidance reaffirmed.
  - Period: third-quarter 2023
  - Revenue: $15,381 million
  - Net income: $2,451 million
  - EPS: $3.30
  - Guidance: reaffirmed
  - Result: reported results
  source text: Michelle A. Scianni, Michelle.A.Scianni@aexp.com, +1.212.640.5574 AMERICAN EXPRESS REPORTS SIXTH CONSECUTIVE QUARTER OF RECORD REVENUE, UP 13% FROM YEAR EARLIER TO $15.4 BILLION THIRD-QUARTER EARNINGS PER SHARE ROSE 34% TO RECORD $3.30 STRONG RESULTS DRIVEN BY CONTINUED GROWTH IN CARD MEMBER SPENDING AND BEST-IN-CLASS CREDIT PERFORMANCE MOMENTUM SUPPORTS
  evidence_url: https://www.sec.gov/Archives/edgar/data/4962/000000496223000037/0000004962-23-000037-index.htm

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