AXP Q4 2021 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q4 2021 Earnings

Reported February 11, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$12.4B	$11.4B	$9.7B	9.3%	27.6%
Op. Income	$2.3B	$2.5B	$1.9B	-5.9%	24.1%
Gross Margin	97.2%	99.0%	97.1%	-1.8pp	0.1pp
Net Margin	13.8%	16.0%	14.8%	-2.2pp	-0.9pp
EPS (Diluted)	$2.18	$2.27	$1.76	-4.0%	23.9%
Free Cash Flow	$4.5B	$3.7B	$3.1B	21.2%	48.1%

Revenue Flow

Item	Amount
REVENUE	$12.4B
Cost of Revenue	$345M
GROSS PROFIT	$12.1B
R&D Expenses	$0
Selling & Marketing	$2.7B
General & Administrative	$1.7B
SG&A Expenses	$4.4B
Other Expenses	$5.4B
Operating Expenses	$9.8B
Cost & Expenses	$10.1B
OPERATING INCOME	$2.3B
Interest Income	$2.4B
Interest Expense	$292M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$587M
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	$1.7B
D&A	$419M
EBIT	$2.3B
EBITDA	$2.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$12.4B
Cost of Revenue	$345M
GROSS PROFIT	$12.1B
R&D Expenses	$0
Selling & Marketing	$2.7B
General & Administrative	$1.7B
SG&A Expenses	$4.4B
Other Expenses	$5.4B
Operating Expenses	$9.8B
Cost & Expenses	$10.1B
OPERATING INCOME	$2.3B
Interest Income	$2.4B
Interest Expense	$292M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$587M
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	$1.7B
D&A	$419M
EBIT	$2.3B
EBITDA	$2.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$419M
Stock-Based Compensation	$74M
Deferred Income Tax	$740M
Other Non-Cash Items	-$719M
Change in Working Capital	$2.8B
OPERATING CASH FLOW	$5.0B
Capital Expenditure	-$471M
Acquisitions (Net)	$0
Purchases of Investments	-$338M
Sales/Maturities of Investments	$7.3B
Other Investing Activities	-$17.8B
NET CASH FROM INVESTING	-$11.3B
Net Debt Issuance	$4.4B
Common Stock Repurchased	-$3.0B
Common Dividends Paid	-$358M
Other Financing Activities	$66M
NET CASH FROM FINANCING	$365M
FREE CASH FLOW	$4.5B
Net Change in Cash	-$5.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$21.5B
Short-Term Investments	$3.0B
Net Receivables	$2.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$27.2B
PP&E (Net)	$5.0B
Goodwill	$3.8B
Intangible Assets	$201M
Long-Term Investments	$145.2B
Tax Assets	$0
Other Non-Current Assets	$7.2B
TOTAL NON-CURRENT ASSETS	$161.4B
TOTAL ASSETS	$188.5B
Account Payables	$10.6B
Short-Term Debt	$2.2B
Deferred Revenue	$0
Other Current Liabilities	$84.4B
TOTAL CURRENT LIABILITIES	$99.0B
Long-Term Debt	$38.7B
Deferred Revenue NC	$2.5B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$26.2B
TOTAL NON-CURRENT LIABILITIES	$67.4B
TOTAL LIABILITIES	$166.4B
Common Stock	$153M
Additional Paid-In Capital	$11.5B
Retained Earnings	$13.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$22.2B
Minority Interest	$0
TOTAL EQUITY	$22.2B
TOTAL LIABILITIES & EQUITY	$188.5B
Total Debt	$40.9B
Net Debt	$19.4B