American Express Q1 revenue $15.8B (+11%), EPS $3.33 (+39%); FY2024 guidance reaffirmed

AMERICAN EXPRESS CO

2024-Q1 EPS reported $3.33 revenue$9,339,000,000

Revenue $15.8B (+11% YoY); EPS $3.33 vs $2.40 in Q1 2023.
Card Member spending (billed business) $367.0B, up 6% reported (7% FX-adjusted).
Net income $2.4B (+34%); provisions for credit losses $1.3B (+20% YoY).
New card acquisitions of 3.4 million; fee-based products ~70% of new accounts.
Quarterly dividend raised to $0.70/share from $0.60, a 17% increase.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMERICAN EXPRESS CO reported full-year 2024 results: EPS $12.65 to $13.15. Guidance reaffirmed.

Period: full-year 2024
EPS: $12.65 to $13.15
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Based on our results to date and the trends we are seeing in our business, we continue to expect full-year 2024 revenue growth of 9 percent to 11 percent and EPS of $12.65 to $13.15.

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Source: SEC EDGAR

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