8-K
filed January 26, 2024, 6:59 PM ET
ticker AXP
CIK 0000004962
earnings
confidence high
sentiment positive
materiality 0.75
American Express reports record FY 2023 revenue $60.5B, EPS $11.21; guides FY 2024 EPS $12.65-$13.15
AMERICAN EXPRESS CO
2023-FY EPS reported
$11.21
revenue$37,218,000,000
- FY 2023 net income $8.4B, diluted EPS $11.21 (+14% YoY); total revenue $60.5B (+14% reported, +15% FX-adj).
- Q4 2023 EPS $2.62 vs $2.07 YoY; revenue $15.8B (+11%). Provisions for credit losses $1.4B vs $1.0B.
- 2024 guidance: revenue growth 9-11%, EPS $12.65-$13.15. Management cites continued momentum and premium demand.
- Quarterly dividend increased 17% to $0.70/share, starting Q1 2024 declaration.
- Added 12.2M new proprietary cards in 2023; total cards-in-force >140M. Billed business $1.46T (+9% YoY).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMERICAN EXPRESS CO reported full-year 2023 results: revenue $60,515, net income $8,374, EPS $11.21. Guidance reaffirmed.
- Period
- full-year 2023
- Revenue
- $60,515
- Net income
- $8,374
- EPS
- $11.21
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
December 31, Percentage Inc/(Dec) 2023 2022 2023 2022 Billed Business (Billions) $379.8 $357.4 6% $1,459.6 $1,338.3 9% Total Revenues Net of Interest Expense $15,799 $14,176 11% $60,515 $52,862 14% FX-adjusted 1 $14,225 11% $52,833 15% Total Provisions for Credit Losses $1,437 $1,027 40% $4,923 $2,182 # Net Income $1,933 $1,572 23% $8,374 $7,514 11% Diluted
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMERICAN EXPRESS CO reported Quarters Ended December 31, 2023 results: revenue $15,799, net income $1,933, EPS $2.62.
- Period
- Quarters Ended December 31, 2023
- Revenue
- $15,799
- Net income
- $1,933
- EPS
- $2.62
- Result
- reported results
Exact text from the filing
Years Ended December 31, Percentage Inc/(Dec) 2023 2022 2023 2022 Billed Business (Billions) $379.8 $357.4 6% $1,459.6 $1,338.3 9% Total Revenues Net of Interest Expense $15,799 $14,176 11% $60,515 $52,862 14% FX-adjusted 1 $14,225 11% $52,833 15% Total Provisions for Credit Losses $1,437 $1,027 40% $4,923 $2,182 # Net Income $1,933 $1,572 23% $8,374
View on SEC.gov
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