AXP Q3 2018 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q3 2018 Earnings

Reported October 23, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$10.9B	$10.7B	$9.9B	1.9%	10.8%
Op. Income	$2.1B	$2.1B	$1.8B	1.3%	15.7%
Gross Margin	85.4%	85.8%	86.4%	-0.4pp	-1.0pp
Net Margin	15.1%	15.1%	13.8%	-0.0pp	1.4pp
EPS (Diluted)	$1.88	$1.84	$1.50	2.2%	25.3%
Free Cash Flow	$4.8B	$2.7B	$4.0B	73.8%	18.1%

Revenue Flow

Item	Amount
REVENUE	$10.9B
Cost of Revenue	$1.6B
GROSS PROFIT	$9.3B
R&D Expenses	$0
Selling & Marketing	$1.6B
General & Administrative	$1.4B
SG&A Expenses	$3.0B
Other Expenses	$4.2B
Operating Expenses	$7.2B
Cost & Expenses	$8.8B
OPERATING INCOME	$2.1B
Interest Income	$2.7B
Interest Expense	$777M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$464M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$322M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$10.9B
Cost of Revenue	$1.6B
GROSS PROFIT	$9.3B
R&D Expenses	$0
Selling & Marketing	$1.6B
General & Administrative	$1.4B
SG&A Expenses	$3.0B
Other Expenses	$4.2B
Operating Expenses	$7.2B
Cost & Expenses	$8.8B
OPERATING INCOME	$2.1B
Interest Income	$2.7B
Interest Expense	$777M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$464M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$322M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$322M
Stock-Based Compensation	$76M
Deferred Income Tax	-$181M
Other Non-Cash Items	$817M
Change in Working Capital	$2.4B
OPERATING CASH FLOW	$5.1B
Capital Expenditure	-$335M
Acquisitions (Net)	-$31M
Purchases of Investments	-$2.2B
Sales/Maturities of Investments	$668M
Other Investing Activities	-$3.9B
NET CASH FROM INVESTING	-$5.8B
Net Debt Issuance	-$208M
Common Stock Repurchased	-$779M
Common Dividends Paid	-$325M
Other Financing Activities	$1.9B
NET CASH FROM FINANCING	$626M
FREE CASH FLOW	$4.8B
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$30.2B
Short-Term Investments	$3.7B
Net Receivables	$3.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$37.0B
PP&E (Net)	$4.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$139.3B
Tax Assets	$0
Other Non-Current Assets	$8.5B
TOTAL NON-CURRENT ASSETS	$152.1B
TOTAL ASSETS	$189.1B
Account Payables	$15.6B
Short-Term Debt	$2.3B
Deferred Revenue	$0
Other Current Liabilities	$71.4B
TOTAL CURRENT LIABILITIES	$89.3B
Long-Term Debt	$55.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$23.1B
TOTAL NON-CURRENT LIABILITIES	$78.4B
TOTAL LIABILITIES	$167.6B
Common Stock	$171M
Additional Paid-In Capital	$12.3B
Retained Earnings	$11.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$21.5B
Minority Interest	$0
TOTAL EQUITY	$21.5B
TOTAL LIABILITIES & EQUITY	$189.1B
Total Debt	$57.6B
Net Debt	$27.4B