Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +10.0% EPS YoY: +43.9% Move: -2.12%

American Express Company

0R3C.L

$292.67 -2.12%

Exchange LSE Sector Financial Services Industry Financial Diversified

Q2 2024

Published: Jul 19, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 0R3C.L

Reported

Report Date

Jul 19, 2024

Quarter Q2 2024

Revenue

18.40B

YoY: +10.0%

EPS

4.15

YoY: +43.9%

Market Move

-2.12%

Previous quarter: N/A

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Earnings Highlights

Revenue of $18.40B up 10% year-over-year
EPS of $4.15 increased by 43.9% from previous year
Gross margin of 81.9%
Net income of 3.02B
""We believe our customer-centric approach is key to retaining loyalty and driving spending, especially in a challenging economic environment."" - Stephen Squeri

0R3C.L

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 29, 2026

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Executive Summary

American Express Company delivered solid financial results for QQ2 2024, showcasing a remarkable revenue increase of 10.00% year-over-year, reaching $18.4 billion, and a notable net income growth of 38.68%, resulting in a net profit of $3.0 billion. This growth trajectory suggests a robust demand for its diversified financial services, despite potential economic headwinds. Management emphasized their strategic focus on expanding consumer engagement and enhancing digital offerings to maintain competitive advantage.

The company demonstrated resilience with improved profitability metrics, including a gross profit margin of 81.9% and an operating income growth of 38.62% YoY. Furthermore, the management's guidance for increased spending from their cardholders positions American Express favorably for sustained growth, making it an attractive option for investors seeking exposure in the financial services sector.

Key Performance Indicators

Revenue

Increasing

18.40B

QoQ: 3.31% | YoY: 10.00%

Gross Profit

Increasing

15.07B

81.89% margin

QoQ: 3.67% | YoY: 8.73%

Operating Income

Increasing

3.79B

QoQ: 20.51% | YoY: 38.62%

Net Income

Increasing

3.02B

QoQ: 23.72% | YoY: 38.68%

EPS

Increasing

4.16

QoQ: 24.55% | YoY: 43.94%

Revenue Trend

Margin Analysis

Financial Highlights

### Key Financial Metrics
- Revenue: $18.4 billion, YoY growth of 10.00%, QoQ growth of 3.31%. This reflects strong consumer demand and effective sales strategies.
- Gross Profit: $15.1 billion, with a gross profit margin of 81.9%. This margin has slightly improved, indicating operational efficiency and cost management.
- Operating Income: $3.8 billion, up 38.62% YoY and 20.51% QoQ, underscoring the company's ability to increase earnings before interest and taxes.
- Net Income: $3.0 billion with an impressive net income margin of 16.4%, up from the previous quarter, indicating better expense management.
- EPS (Earnings Per Share): $4.16, which shows a YoY increase of 43.94% and QoQ increase of 24.55%, reflecting strong profitability per share and return to shareholders.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	18.40B	10.00%	3.31%
Gross Profit	15.07B	8.73%	3.67%
Operating Income	3.79B	38.62%	20.51%
Net Income	3.02B	38.68%	23.72%
EPS	4.16	43.94%	24.55%

Key Financial Ratios

Gross Profit Margin

Excellent

81.90%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Good

20.60%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Good

16.40%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

1.11%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

10.20%

Return on equity is acceptable but below top-tier companies

Current Ratio

Concern

0.36

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

1.80

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

13.88x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Premium

5.67x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	13,669.00	4.08	-25.7%	View
Q1 2025	18,933.00	3.64	+6.3%	View
Q4 2024	19,218.00	3.04	+8.3%	View
Q3 2024	18,779.00	3.49	+9.3%	View
Q2 2024	18,397.00	4.15	+10.0%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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