American Express Past Earnings Performance

Past criteria checks 5/6

American Express has been growing earnings at an average annual rate of 12.9%, while the Consumer Finance industry saw earnings growing at 6.3% annually. Revenues have been growing at an average rate of 11.9% per year. American Express's return on equity is 33.3%, and it has net margins of 16.5%.

Key information

12.9%

Earnings growth rate

16.0%

EPS growth rate

Consumer Finance Industry Growth	33.1%
Revenue growth rate	11.9%
Return on equity	33.3%
Net Margin	16.5%
Next Earnings Update	24 Jan 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How American Express makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NEOE:AXP Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	59,239	9,760	13,777
30 Jun 24	58,107	9,704	13,504
31 Mar 24	56,898	8,869	13,319
31 Dec 23	55,592	8,252	13,101
30 Sep 23	54,379	7,894	13,620
30 Jun 23	53,009	7,327	13,344
31 Mar 23	52,138	7,119	13,395
31 Dec 22	50,680	7,400	12,568
30 Sep 22	49,623	7,533	13,648
30 Jun 22	47,964	7,465	13,100
31 Mar 22	45,828	7,780	12,136
31 Dec 21	43,799	7,917	11,541
30 Sep 21	41,169	7,652	14,350
30 Jun 21	38,136	6,920	13,728
31 Mar 21	33,407	4,909	12,681
31 Dec 20	31,357	3,036	9,414
30 Sep 20	32,236	3,283	12,768
30 Jun 20	34,260	3,955	12,858
31 Mar 20	38,117	5,446	13,290
31 Dec 19	39,983	6,631	13,036
30 Sep 19	39,162	6,945	12,739
30 Jun 19	38,379	6,843	12,411
31 Mar 19	37,598	6,705	12,211
31 Dec 18	36,986	6,787	11,869
30 Sep 18	36,129	3,597	11,686
30 Jun 18	35,330	3,303	11,405
31 Mar 18	34,679	3,026	11,211
31 Dec 17	33,872	2,646	11,089
30 Sep 17	32,409	4,661	10,285
30 Jun 17	31,162	4,446	9,767
31 Mar 17	30,397	5,111	9,257
31 Dec 16	33,227	5,252	11,267
30 Sep 16	30,448	5,358	8,818
30 Jun 16	30,825	5,480	8,684
31 Mar 16	30,859	4,943	8,456
31 Dec 15	30,747	5,063	8,305
30 Sep 15	31,358	5,626	8,332
30 Jun 15	31,518	5,858	8,346
31 Mar 15	31,849	5,933	8,952
31 Dec 14	32,001	5,839	9,165
30 Sep 14	31,728	5,700	9,403
30 Jun 14	31,787	5,588	9,701
31 Mar 14	31,365	5,463	9,413
31 Dec 13	30,668	5,312	9,418

Quality Earnings: AXP has high quality earnings.

Growing Profit Margin: AXP's current net profit margins (16.5%) are higher than last year (14.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AXP's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: AXP's earnings growth over the past year (23.6%) exceeds its 5-year average (12.9% per year).

Earnings vs Industry: AXP earnings growth over the past year (23.6%) exceeded the Consumer Finance industry -5.6%.

Return on Equity

High ROE: Whilst AXP's Return on Equity (33.3%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 12:51
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

American Express Company is covered by 61 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Biggar	Argus Research Company
David George	Baird
Ishan Majumdar	Baptista Research