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Mar 31, 2022
American Express Q1 2022 Earnings Report
American Express's first-quarter revenue increased, driven by strong card member spending globally.
Key Takeaways
American Express reported a strong first-quarter with a 29% increase in revenue to $11.7 billion, driven by a 35% growth in Card Member spending globally. EPS was $2.73. The company reaffirmed its 2022 revenue and EPS guidance.
Revenues increased by 29% year-over-year, driven by Card Member spending growth of 35% globally.
Added 3 million new proprietary cards in the quarter, with record acquisitions of U.S. Consumer Platinum and Gold Cards and U.S. Business Platinum Cards.
Millennial and Gen Z Card Members and small and medium-sized businesses spending increased significantly.
Travel and Entertainment spending reached pre-pandemic levels globally in March.
Forward Guidance
The company reaffirmed its full-year guidance of 18 to 20 percent revenue growth and earnings per share between $9.25 and $9.65.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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