AXP Q3 2020 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q3 2020 Earnings

Reported October 23, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$9.3B	$8.2B	$11.9B	12.7%	-21.9%
Op. Income	$1.4B	$622M	$2.3B	119.3%	-39.8%
Gross Margin	88.0%	74.5%	85.2%	13.5pp	2.8pp
Net Margin	11.6%	3.1%	14.8%	8.5pp	-3.2pp
EPS (Diluted)	$1.30	$0.29	$2.08	348.3%	-37.5%
Free Cash Flow	$1.8B	$1.8B	-$1.4B	2.9%	229.1%

Revenue Flow

Item	Amount
REVENUE	$9.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$8.2B
R&D Expenses	$0
Selling & Marketing	$1.8B
General & Administrative	$1.4B
SG&A Expenses	$3.2B
Other Expenses	$3.6B
Operating Expenses	$6.8B
Cost & Expenses	$7.9B
OPERATING INCOME	$1.4B
Interest Income	$2.3B
Interest Expense	$450M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$291M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$404M
EBIT	$1.4B
EBITDA	$1.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$9.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$8.2B
R&D Expenses	$0
Selling & Marketing	$1.8B
General & Administrative	$1.4B
SG&A Expenses	$3.2B
Other Expenses	$3.6B
Operating Expenses	$6.8B
Cost & Expenses	$7.9B
OPERATING INCOME	$1.4B
Interest Income	$2.3B
Interest Expense	$450M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$291M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$404M
EBIT	$1.4B
EBITDA	$1.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$404M
Stock-Based Compensation	$66M
Deferred Income Tax	-$256M
Other Non-Cash Items	$665M
Change in Working Capital	$228M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$353M
Acquisitions (Net)	$0
Purchases of Investments	-$2.8B
Sales/Maturities of Investments	$330M
Other Investing Activities	-$2.1B
NET CASH FROM INVESTING	-$5.0B
Net Debt Issuance	-$3.9B
Common Stock Repurchased	-$1M
Common Dividends Paid	-$363M
Other Financing Activities	$639M
NET CASH FROM FINANCING	-$3.6B
FREE CASH FLOW	$1.8B
Net Change in Cash	-$6.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$32.7B
Short-Term Investments	$14.6B
Net Receivables	$40.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$87.7B
PP&E (Net)	$4.8B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$122.2B
Tax Assets	$0
Other Non-Current Assets	-$27.5B
TOTAL NON-CURRENT ASSETS	$99.5B
TOTAL ASSETS	$187.3B
Account Payables	$8.2B
Short-Term Debt	$1.7B
Deferred Revenue	$0
Other Current Liabilities	$85.5B
TOTAL CURRENT LIABILITIES	$95.4B
Long-Term Debt	$44.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25.2B
TOTAL NON-CURRENT LIABILITIES	$70.0B
TOTAL LIABILITIES	$165.4B
Common Stock	$161M
Additional Paid-In Capital	$11.8B
Retained Earnings	$12.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$21.9B
Minority Interest	$0
TOTAL EQUITY	$21.9B
TOTAL LIABILITIES & EQUITY	$187.3B
Total Debt	$46.5B
Net Debt	$13.8B