American Express Full Year 2023 Earnings: In Line With Expectations

American Express (NYSE:AXP) Full Year 2023 Results

Key Financial Results

• Revenue: US$55.6b (up 9.7% from FY 2022).
• Net income: US$8.25b (up 12% from FY 2022).
• Profit margin: 15% (in line with FY 2022).
• EPS: US$11.23 (up from US$9.85 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

American Express Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are up 2.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for American Express that we have uncovered.

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