AXP Q3 2022 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q3 2022 Earnings

Reported October 21, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2022	Q2 2022	Q3 2021	QoQ Change	YoY Change
Revenue	$14.3B	$13.8B	$11.4B	3.5%	25.7%
Op. Income	$2.5B	$2.5B	$2.5B	-3.3%	0.4%
Gross Margin	89.0%	93.9%	99.0%	-4.9pp	-10.0pp
Net Margin	13.1%	14.2%	16.0%	-1.1pp	-2.9pp
EPS (Diluted)	$2.47	$2.57	$2.27	-3.9%	8.8%
Free Cash Flow	$4.1B	$3.8B	$3.7B	6.8%	8.6%

Revenue Flow

Item	Amount
REVENUE	$14.3B
Cost of Revenue	$1.6B
GROSS PROFIT	$12.7B
R&D Expenses	$0
Selling & Marketing	$1.5B
General & Administrative	$1.7B
SG&A Expenses	$3.2B
Other Expenses	$7.1B
Operating Expenses	$10.3B
Cost & Expenses	$11.8B
OPERATING INCOME	$2.5B
Interest Income	$3.4B
Interest Expense	$796M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$580M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$413M
EBIT	$2.5B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$14.3B
Cost of Revenue	$1.6B
GROSS PROFIT	$12.7B
R&D Expenses	$0
Selling & Marketing	$1.5B
General & Administrative	$1.7B
SG&A Expenses	$3.2B
Other Expenses	$7.1B
Operating Expenses	$10.3B
Cost & Expenses	$11.8B
OPERATING INCOME	$2.5B
Interest Income	$3.4B
Interest Expense	$796M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$580M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$413M
EBIT	$2.5B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$413M
Stock-Based Compensation	$84M
Deferred Income Tax	-$347M
Other Non-Cash Items	$1.2B
Change in Working Capital	$1.3B
OPERATING CASH FLOW	$4.5B
Capital Expenditure	-$443M
Acquisitions (Net)	$0
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$651M
Other Investing Activities	-$6.5B
NET CASH FROM INVESTING	-$7.5B
Net Debt Issuance	$1.6B
Common Stock Repurchased	-$601M
Common Dividends Paid	-$407M
Other Financing Activities	$7.1B
NET CASH FROM FINANCING	$7.7B
FREE CASH FLOW	$4.1B
Net Change in Cash	$4.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$30.0B
Short-Term Investments	$2.6B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$32.6B
PP&E (Net)	$5.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$161.4B
Tax Assets	$0
Other Non-Current Assets	$15.8B
TOTAL NON-CURRENT ASSETS	$182.3B
TOTAL ASSETS	$214.9B
Account Payables	$11.0B
Short-Term Debt	$1.5B
Deferred Revenue	$0
Other Current Liabilities	$103.5B
TOTAL CURRENT LIABILITIES	$116.0B
Long-Term Debt	$42.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$32.6B
TOTAL NON-CURRENT LIABILITIES	$75.0B
TOTAL LIABILITIES	$191.0B
Common Stock	$150M
Additional Paid-In Capital	$11.5B
Retained Earnings	$15.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$3.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$23.9B
Minority Interest	$0
TOTAL EQUITY	$23.9B
TOTAL LIABILITIES & EQUITY	$214.9B
Total Debt	$43.9B
Net Debt	$13.9B