Well, if gross incomeis all of the money you actually earned, then net income is the money you can actually use. American Express Reports Third-Quarter Revenue of $10.9 Billion and Earnings Per Share Of $2.27, Environmental, Social, and Governance reports. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Factors that could cause actual results to differ materially from these forward-looking statements, include, but are not limited to, the following: A further description of these uncertainties and other risks can be found in American Express Companys Annual Report on Form 10-K for the year ended December 31, 2021 and the companys other reports filed with the Securities and Exchange Commission. Provisions for credit losses were $403 million, compared with a benefit of $119 million a year ago. Revenues were up 29 percent year-over-year, driven by Card Member spending growth of 35 percent globally on an FX-adjusted basis, with volumes reaching a monthly record high in March. American Express is paying for its purchase out of its cash holdings, which were over $17 billion as of February 29. The increase primarily reflected higher customer engagement costs due to a rise in Card Member spending and higher marketing investments to continue building growth momentum. Operating expenses were also higher, primarily reflecting net gains on Amex Ventures equity investments in the prior year and increased compensation costs in the current quarter. Operating expenses also increased, primarily reflecting higher compensation costs, as well as a net loss on Amex Ventures investments in the current quarter compared with a net gain a year ago. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. (Millions, except percentages and per share amounts), Average Diluted Common Shares Outstanding. Credit metrics remained strong in the current quarter. American Express net profit margin was 18% during 2016. View AXP financial statements in full. NEW YORK-- (BUSINESS WIRE)-- American Express Company (NYSE: AXP) today reported third-quarter net income of $1.8 billion, or $2.27 per share, compared with net income of $1.1 billion, or $1.30 per share, a year ago. Melanie L. Michel, [emailprotected], +1.212.640.5574, 200 Vesey Street WebBased on the stats for American Express's Youtube channel, the total number of video views is around 82.6 Million, which means American Express has roughly made $82,581.00~$165,162.00 US dollars on Youtube already! I applied and was approved, thanks. By providing your email address below, you are providing consent to American Express Company to send you the requested Investor Email Alert updates. The strategic investments weve made over the past year, particularly those to attract new Millennial and Gen Z customers and expand our leadership position with small businesses, are helping fuel the strong momentum were seeing in spending, customer acquisition, engagement, and retention. American Express on Thursday said its fourth-quarter net income fell 47 percent, as the credit card issuer racked up hefty charges related to restructuring costs and other one-time expenses. It represents the amount of money remaining after all of organizations operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. WebThe Income Statement (earnings report) for American Express Company. Andrew R. Johnson, [emailprotected], +1.212.640.8610, Investors/Analysts Contacts: $2.10. Total expenses were $715 million, up 1 percent from $707 million a year ago. The change reflected a reserve build of $106 million, compared with a $94 million reserve release a year ago, as well as higher net write-offs in the current quarter. Notes: ":"&")+"url="+encodeURIComponent(b)),f.setRequestHeader("Content-Type","application/x-www-form-urlencoded"),f.send(a))}}},s=function(){var b={},d=document.getElementsByTagName("IMG");if(0==d.length)return{};var a=d[0];if(! $1.3 billion. Please check your download folder. American Express is paying for its purchase out of its cash holdings, which were over $17 billion as of February 29. The change in provisions primarily reflected credit reserve releases of $393 million and lower net write-offs in the current quarter. Gaining insight into discretionary income whats left of take-home pay after your lifes necessities are paid for can help you be more financially fit. But net income might be one of the most important to you and me. The credit-card company said revenue net of interest expense was $8.8 billion. At American Express Company, we promise to treat your data with respect and will not share your information with any third party. An investor conference call will be held at 8:30 a.m. (ET) today to discuss third-quarter results. American Express generated a total of $30.1 billion revenues during 2016. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. << AXP Stock Performance Comparisons American Express Co's Comment on After submitting your request, you will receive an activation email to the requested email address. Get comparison charts for tons of financial metrics! Because its the amount of income you actually get to spend on the things you need and want, from paying the rent or mortgage to your, In general, income is the money you earn on a regular basis. It plays a large role in entities financial statement analysis. Consolidated expenses were $10.3 billion, up 19 percent from $8.7 billion a year ago. Even Amex might not set a minimum income as it's just part of a credit pic ture. WebAmerican Express Co Net Income in 4 quarter 2022 declined year on year by -8.55 %, slower than the average decrease reported by company's competitors of -10.45 %. In addition to the high spending thresholds needed to be invited and maintain your status, there is a cost to join, as well. WebAmerican Express Co. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. The consolidated effective tax rate was 23.6 percent, down from 25.5 percent a year ago, primarily reflecting changes in the geographic mix of pretax income. This includes not only the money you can allocate to things like investments, college funds, and retirement savings, but also the money you can spend on nonessentials, such as vacations. Investors/Analysts Contacts: This presentation contains certain forward-looking statements that are subject to risks and uncertainties and speak only as of the date on which they are made. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress. Revenues jumped 25% from a year ago and Card Member spending accelerated from the previous quarter, reaching record highs for the third quarter. First-Quarter Earnings Per Share Was $2.73, Company Reaffirms 2022 Revenue and EPS Guidance. Consolidated expenses were $8.7 billion, up 29 percent from $6.7 billion a year ago, reflecting higher customer engagement costs. Total expenses were $870 million, up 8 percent from $809 million a year ago, primarily reflecting higher network volumes in the current quarter and a release of reserves in the prior year for merchant exposure associated with Card Member travel-related purchases earlier in the COVID-19 pandemic. View as % YoY growth or as % of revenue. NEW YORK--(BUSINESS WIRE)-- American Express Company (NYSE: AXP) today reported third-quarter net income of $1.9 billion, or $2.47 per share, This could include but is not limited to salary, bonuses, tips, hourly wages, rental income, dividends from stocks and bonds, and savings account interest. "This performance was enabled by our ongoing investments in areas critical to sustainable, long-term growth, including customer acquisition, engagement and retention. WebAXP | American Express Co. Global Commercial Services reported first-quarter pretax income of $804 million, compared with $675 million a year ago. WebIn 2017, Forbes named American Express the most valuable brand in global financial services, and 23rd overall, with an estimate brand value of US$24.5 billion. July 23, 2021 07:00 AM Eastern Daylight Time NEW YORK-- ( BUSINESS WIRE )--American Express Company (NYSE: AXP) today reported second-quarter net AXP has generated $9.84 earnings per share over the last four quarters. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. WebYour monthly net income could be calculated as follows: $5,000 - ($600 + $200 + $200 + $100) = $3,900. As with the Amex Platinum and The Business Platinum Card from American Express ($595 annual fee; $695 if application is received on or after 01/13/2022) (see rates and fees), the Centurion Card really delivers when it comes to We added 3 million new proprietary cards in the quarter, as acquisitions of U.S. Consumer Platinum and Gold Cards and U.S. Business Platinum Cards reached all-time highs for the quarter. Ultimate Income & Expense Tracker Regular price $9.95 USD Regular price $39.95 USD Sale price $9.95 USD Unit price / per . We also saw increased engagement across our customer categories, led by strong spending by Millennial and Gen Z Card Members and small and medium-sized businesses, which were up 56 percent and 30 percent, respectively, on an FX-adjusted basis over last year. Based on the companys performance to date, it continues to expect full-year revenue growth of 23% to 25% and now expects to be above its original full-year EPS guidance range of $9.25 to $9.65. WebNet income is one of the most important fundamental items in finance. The decrease primarily reflected discrete tax benefits in the current quarter. This earnings release should be read in conjunction with the companys statistical tables for the third quarter 2021, available on the American Express Investor Relations website at http://ir.americanexpress.com and in a Form 8-K furnished today with the Securities and Exchange Commission. American Express Company is a diversified financial services company, offering charge and credit payment card products, and travel-related services world wide. With the progress weve made against our key priorities this year, we remain confident in our ability to be within the high end of the range of the EPS expectations we had for 2020 in 2022.. Get the detailed income statement for American Express Company (AXP). Total expenses were $2.6 billion, up 29 percent from $2.0 billion a year ago. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Operating expenses were also higher primarily as a result of increased compensation, as well as technology and servicing costs. WebGuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. We added 3.3 million proprietary cards in the quarter, and saw acquisitions of U.S. Consumer Platinum and Gold cards and U.S. Business Platinum cards each hit record highs. Popular Screeners Screens. How do I Redeem Membership Rewards Points. The change reflected a reserve build of $77 million, compared with a $69 million reserve release a year ago, as well as higher net write-offs in the current quarter. If your monthly income and expenses are regular, multiply your monthly net income by 12 to determine your net income for the year: $3,900 x 12 = $46,800. Factors that could cause actual results to differ materially from these forward-looking statements, include, but are not limited to, the following: A further description of these uncertainties and other risks can be found in American Express Companys Annual Report on Form 10-K for the year ended December 31, 2020, the Quarterly Reports on Form 10-Q for the quarters ended March 31 and June 30, 2021 and the companys other reports filed with the Securities and Exchange Commission. The change primarily reflected lower reserve releases compared with a year ago, partially offset by lower net write-offs in the current quarter. We have not seen changes in the spending behaviors of our customers, but we are mindful of the mixed signals in the broader economy and have plans in place to pivot should the operating environment change dramatically, as we have done in the past. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. [CDATA[ At American Express Company, we promise to treat your data with respect and will not share your information with any third party. Cash flow, Earnings & estimates, ratio and margins as of February 29 total expenses were also higher as... Only ) % as net Interest income ( for Banks ) divided by its Average assets! Were $ 10.3 billion, up 19 percent from $ 707 million a year ago Express profit. Reflected credit reserve releases compared with a benefit of $ 804 million, compared with $ million... Most important to you and me discretionary income whats left of take-home pay your. Income whats left of take-home pay after your lifes necessities are paid for can help be... A credit pic ture is the money you can actually use most important you! 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