American Express Company (AXP)

American Express Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	23,270	19,983	12,658	9,033	10,083	12,084
Total Interest Expense	8,161	6,849	2,763	1,283	2,098	3,464
Net Interest Income	15,109	13,134	9,895	7,750	7,985	8,620
Commissions and Fees	47,839	45,676	41,330	33,074	26,801	33,506
Other Revenue	1,621	1,705	1,637	1,556	1,301	1,430
Revenue Before Loan Losses	64,569	60,515	52,862	42,380	36,087	43,556
Provision for Loan Losses	5,330	4,923	2,182	-1,419	4,730	3,573
Revenue	59,239	55,592	50,680	43,799	31,357	39,983
Revenue Growth (YoY)	8.94%	9.69%	15.71%	39.68%	-21.57%	8.10%
Salaries & Employee Benefits	8,048	7,888	7,110	6,250	5,718	5,911
Cost of Services Provided	31,973	30,205	27,362	22,053	16,018	19,787
Other Operating Expenses	7,019	6,737	6,178	5,550	5,359	5,896
Total Operating Expenses	47,040	44,830	40,650	33,853	27,095	31,594
Operating Income	12,199	10,762	10,030	9,946	4,262	8,389
Earnings From Equity Investments	-	-	-9	-13	-128	-101
Currency Exchange Gain (Loss)	93	82	8	-21	10	64
EBT Excluding Unusual Items	12,292	10,844	10,029	9,912	4,144	8,352
Restructuring Charges	-179	-179	-142	10	-	-
Gain (Loss) on Sale of Investments	7	-152	-302	767	152	77
Pretax Income	12,651	10,513	9,585	10,689	4,296	8,429
Income Tax Expense	2,759	2,139	2,071	2,629	1,161	1,670
Net Income	9,892	8,374	7,514	8,060	3,135	6,759
Preferred Dividends & Other Adjustments	132	122	114	143	99	128
Net Income to Common	9,760	8,252	7,400	7,917	3,036	6,631
Net Income Growth	23.45%	11.45%	-6.77%	157.10%	-53.62%	-2.34%
Shares Outstanding (Basic)	718	735	751	789	805	828
Shares Outstanding (Diluted)	719	736	752	790	806	830
Shares Change (YoY)	-3.07%	-2.13%	-4.81%	-1.99%	-2.89%	-3.38%
EPS (Basic)	13.60	11.23	9.85	10.03	3.77	8.01
EPS (Diluted)	13.58	11.21	9.85	10.02	3.77	7.99
EPS Growth	27.35%	13.81%	-1.70%	165.78%	-52.82%	1.01%
Free Cash Flow	13,194	16,994	19,223	13,007	4,112	11,944
Free Cash Flow Per Share	18.36	23.09	25.56	16.46	5.10	14.39
Dividend Per Share	2.700	2.400	2.080	1.720	1.720	1.640
Dividend Growth	16.38%	15.38%	20.93%	0%	4.88%	10.81%
Operating Margin	20.59%	19.36%	19.79%	22.71%	13.59%	20.98%
Profit Margin	16.48%	14.84%	14.60%	18.08%	9.68%	16.58%
Free Cash Flow Margin	22.27%	30.57%	37.93%	29.70%	13.11%	29.87%
Effective Tax Rate	21.81%	20.35%	21.61%	24.60%	27.03%	19.81%

Source: S&P Capital IQ. Financial Services template. Financial Sources.