AXP Q4 2022 Earnings Report — American Express Company Revenue & Financial Results | Market Cap Arena

American Express CompanyAXP

Q4 2022 Earnings

Reported February 10, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2022	Q3 2022	Q4 2021	QoQ Change	YoY Change
Revenue	$15.1B	$14.3B	$12.4B	5.9%	21.9%
Op. Income	$1.9B	$2.5B	$2.3B	-23.9%	-18.9%
Gross Margin	85.3%	89.0%	97.2%	-3.7pp	-12.0pp
Net Margin	10.4%	13.1%	13.8%	-2.8pp	-3.5pp
EPS (Diluted)	$2.07	$2.47	$2.18	-16.2%	-5.0%
Free Cash Flow	$7.9B	$4.1B	$4.5B	94.8%	74.5%

Revenue Flow

Item	Amount
REVENUE	$15.1B
Cost of Revenue	$2.2B
GROSS PROFIT	$12.9B
R&D Expenses	$0
Selling & Marketing	$1.3B
General & Administrative	$2.0B
SG&A Expenses	$3.3B
Other Expenses	$7.7B
Operating Expenses	$11.0B
Cost & Expenses	$13.3B
OPERATING INCOME	$1.9B
Interest Income	$4.0B
Interest Expense	$1.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$299M
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	$1.5B
D&A	$418M
EBIT	$1.9B
EBITDA	$2.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$15.1B
Cost of Revenue	$2.2B
GROSS PROFIT	$12.9B
R&D Expenses	$0
Selling & Marketing	$1.3B
General & Administrative	$2.0B
SG&A Expenses	$3.3B
Other Expenses	$7.7B
Operating Expenses	$11.0B
Cost & Expenses	$13.3B
OPERATING INCOME	$1.9B
Interest Income	$4.0B
Interest Expense	$1.2B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$299M
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	$1.5B
D&A	$418M
EBIT	$1.9B
EBITDA	$2.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$418M
Stock-Based Compensation	$93M
Deferred Income Tax	-$440M
Other Non-Cash Items	$862M
Change in Working Capital	$5.9B
OPERATING CASH FLOW	$8.4B
Capital Expenditure	-$513M
Acquisitions (Net)	$0
Purchases of Investments	-$285M
Sales/Maturities of Investments	$155M
Other Investing Activities	-$10.1B
NET CASH FROM INVESTING	-$10.8B
Net Debt Issuance	-$135M
Common Stock Repurchased	-$640M
Common Dividends Paid	-$405M
Other Financing Activities	$6.8B
NET CASH FROM FINANCING	$5.6B
FREE CASH FLOW	$7.9B
Net Change in Cash	$2.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$33.5B
Short-Term Investments	$4.9B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$38.4B
PP&E (Net)	$5.2B
Goodwill	$3.8B
Intangible Assets	$146M
Long-Term Investments	$171.0B
Tax Assets	$0
Other Non-Current Assets	$9.8B
TOTAL NON-CURRENT ASSETS	$190.0B
TOTAL ASSETS	$228.4B
Account Payables	$12.1B
Short-Term Debt	$1.3B
Deferred Revenue	$0
Other Current Liabilities	$110.2B
TOTAL CURRENT LIABILITIES	$125.8B
Long-Term Debt	$42.6B
Deferred Revenue NC	$3.0B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$32.2B
TOTAL NON-CURRENT LIABILITIES	$77.8B
TOTAL LIABILITIES	$203.6B
Common Stock	$149M
Additional Paid-In Capital	$11.5B
Retained Earnings	$16.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$3.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$24.7B
Minority Interest	$0
TOTAL EQUITY	$24.7B
TOTAL LIABILITIES & EQUITY	$228.4B
Total Debt	$43.9B
Net Debt	$10.4B