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Jun 30, 2022
American Express Q2 2022 Earnings Report
American Express reported an outstanding second quarter, with record levels of revenue and Card Member spending, reflecting the strength of its global customer base and continued momentum across its business.
Key Takeaways
American Express reported second-quarter net income of $2.0 billion, or $2.57 per share. Total revenues net of interest expense were $13.4 billion, up 31 percent from $10.2 billion a year ago.
Revenue increased 31% to $13.4 billion.
Record card member spending driven by robust travel and entertainment rebound.
Excellent credit performance reflects strength of premium customer base.
Second-quarter earnings per share was $2.57.
American Express
American Express
Forward Guidance
The company is raising its full-year revenue growth guidance from a range of 18% to 20% to a range of 23% to 25%; the company is maintaining its full-year EPS guidance range of $9.25 to $9.65.