American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC.
American Express shares fell about 3% Friday after the company reported earnings and gave an outlook that disappointed some investors. The credit card company logged net income of $2.17 billion, or $3.
Q4 total network volume of $464.0B, vs. the Visible Alpha consensus of $458.2B, vs. $434.4B in the year-ago quarter. Network volume grew 7% Y/Y, accelerating from 5% Y/Y growth in Q3. Total billed business increased 8% Y/Y to $408.4B, compared with 6% growth in Q3.
"2024 was another strong year for American Express," CEO Stephen J. Squeri said in a statement. "We exited the year with increased momentum, with billings growth accelerating to 8 percent in the fourth quarter, driven by stronger spending from our consumer and commercial customers during the holiday season."
In addition to an earnings beat, American Express disclosed a 17% increase to its quarterly dividend. Here's what that means for the Dow Jones stock.
American Express . We delivered record revenues of $65.9 billion, up 10 percent on an FX-adjusted basis, record net income of $10.1 billion, an
AXP is likely to have witnessed a rise in network volumes during the fourth quarter, continuing the trend seen in the past quarters.
Check out our list of how much money each player in the field came away with at the 2025 American Express, played in Palm Springs, Calif.
We recently published an article titled Jim Cramer Discussed 9 Stocks for This Week’s Game Plan. In this article, we are going to take a look at where American Express Company (NYSE:AXP) stands against the other stocks Jim Cramer recently talked about.
American Express benefited during the holidays as consumers turned to the company's credit cards to fund their purchases. Executives expect those spending habits to continue in 2025. The credit-card company forecast revenue growth between 8% and 10% as well as earnings per-share in the range of $15 and $15.50 for the year.
American Express Co's Q4 revenue grew 9%, supported by strong spending and higher interest income. EPS matched estimates. Dividend raised by 17%.
Says adding customers faster than the industry. Says international is fastest growing segment, and under-penetrated. Says will continue to