AXP Q1 2024 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q1 2024 Earnings

Reported April 19, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2024	Q4 2023	Q1 2023	QoQ Change	YoY Change
Revenue	$17.8B	$17.7B	$15.7B	0.4%	13.3%
Op. Income	$3.1B	$2.5B	$2.2B	25.2%	45.1%
Gross Margin	81.6%	80.9%	84.2%	0.7pp	-2.6pp
Net Margin	13.7%	10.9%	11.6%	2.8pp	2.1pp
EPS (Diluted)	$3.33	$2.62	$2.40	27.1%	38.8%
Free Cash Flow	$5.2B	$6.3B	-$738M	-18.7%	798.6%

Revenue Flow

Item	Amount
REVENUE	$17.8B
Cost of Revenue	$3.3B
GROSS PROFIT	$14.5B
R&D Expenses	$0
Selling & Marketing	$1.5B
General & Administrative	$2.1B
SG&A Expenses	$3.6B
Other Expenses	$7.8B
Operating Expenses	$11.4B
Cost & Expenses	$14.7B
OPERATING INCOME	$3.1B
Interest Income	$5.8B
Interest Expense	$2.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$708M
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.4B
D&A	$390M
EBIT	$3.1B
EBITDA	$3.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$17.8B
Cost of Revenue	$3.3B
GROSS PROFIT	$14.5B
R&D Expenses	$0
Selling & Marketing	$1.5B
General & Administrative	$2.1B
SG&A Expenses	$3.6B
Other Expenses	$7.8B
Operating Expenses	$11.4B
Cost & Expenses	$14.7B
OPERATING INCOME	$3.1B
Interest Income	$5.8B
Interest Expense	$2.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$708M
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.4B
D&A	$390M
EBIT	$3.1B
EBITDA	$3.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.4B
Depreciation & Amortization	$390M
Stock-Based Compensation	$176M
Deferred Income Tax	-$134M
Other Non-Cash Items	$1.1B
Change in Working Capital	$1.6B
OPERATING CASH FLOW	$5.6B
Capital Expenditure	-$396M
Acquisitions (Net)	$0
Purchases of Investments	-$407M
Sales/Maturities of Investments	$284M
Other Investing Activities	-$2.6B
NET CASH FROM INVESTING	-$3.1B
Net Debt Issuance	$1.6B
Common Stock Repurchased	-$1.3B
Common Dividends Paid	-$452M
Other Financing Activities	$5.3B
NET CASH FROM FINANCING	$5.2B
FREE CASH FLOW	$5.2B
Net Change in Cash	$7.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$54.1B
Short-Term Investments	$1.8B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$56.0B
PP&E (Net)	$5.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$194.4B
Tax Assets	$0
Other Non-Current Assets	$13.8B
TOTAL NON-CURRENT ASSETS	$213.3B
TOTAL ASSETS	$269.3B
Account Payables	$13.4B
Short-Term Debt	$1.7B
Deferred Revenue	$0
Other Current Liabilities	$134.4B
TOTAL CURRENT LIABILITIES	$149.6B
Long-Term Debt	$48.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$42.1B
TOTAL NON-CURRENT LIABILITIES	$90.9B
TOTAL LIABILITIES	$240.5B
Common Stock	$144M
Additional Paid-In Capital	$11.4B
Retained Earnings	$20.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$3.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$28.8B
Minority Interest	$0
TOTAL EQUITY	$28.8B
TOTAL LIABILITIES & EQUITY	$269.3B
Total Debt	$50.6B
Net Debt	-$3.6B