AXP Q2 2018 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q2 2018 Earnings

Reported July 24, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$10.7B	$10.3B	$9.7B	3.6%	10.5%
Op. Income	$2.1B	$2.1B	$2.0B	0.4%	6.8%
Gross Margin	85.8%	86.5%	88.6%	-0.7pp	-2.8pp
Net Margin	15.1%	15.8%	13.9%	-0.7pp	1.3pp
EPS (Diluted)	$1.84	$1.86	$1.47	-1.1%	25.2%
Free Cash Flow	$2.7B	$1.8B	$2.9B	49.7%	-4.5%

Revenue Flow

Item	Amount
REVENUE	$10.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$9.2B
R&D Expenses	$0
Selling & Marketing	$1.7B
General & Administrative	$1.3B
SG&A Expenses	$2.9B
Other Expenses	$4.2B
Operating Expenses	$7.1B
Cost & Expenses	$8.6B
OPERATING INCOME	$2.1B
Interest Income	$2.5B
Interest Expense	$711M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$468M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$337M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$10.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$9.2B
R&D Expenses	$0
Selling & Marketing	$1.7B
General & Administrative	$1.3B
SG&A Expenses	$2.9B
Other Expenses	$4.2B
Operating Expenses	$7.1B
Cost & Expenses	$8.6B
OPERATING INCOME	$2.1B
Interest Income	$2.5B
Interest Expense	$711M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$468M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$337M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$337M
Stock-Based Compensation	$70M
Deferred Income Tax	$88M
Other Non-Cash Items	$806M
Change in Working Capital	$109M
OPERATING CASH FLOW	$3.0B
Capital Expenditure	-$299M
Acquisitions (Net)	-$6M
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$317M
Other Investing Activities	-$5.9B
NET CASH FROM INVESTING	-$7.7B
Net Debt Issuance	$3.7B
Common Stock Repurchased	-$4M
Common Dividends Paid	-$321M
Other Financing Activities	$751M
NET CASH FROM FINANCING	$4.2B
FREE CASH FLOW	$2.7B
Net Change in Cash	-$244M

Balance Sheet

Item	Amount
Cash & Equivalents	$29.7B
Short-Term Investments	$1.8B
Net Receivables	$3.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$34.8B
PP&E (Net)	$4.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$144.3B
Tax Assets	$0
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$150.1B
TOTAL ASSETS	$184.9B
Account Payables	$13.8B
Short-Term Debt	$2.0B
Deferred Revenue	$0
Other Current Liabilities	$69.6B
TOTAL CURRENT LIABILITIES	$85.4B
Long-Term Debt	$55.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$22.7B
TOTAL NON-CURRENT LIABILITIES	$78.6B
TOTAL LIABILITIES	$164.0B
Common Stock	$173M
Additional Paid-In Capital	$12.3B
Retained Earnings	$10.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.9B
Minority Interest	$0
TOTAL EQUITY	$20.9B
TOTAL LIABILITIES & EQUITY	$184.9B
Total Debt	$57.9B
Net Debt	$28.2B