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Sep 30, 2022
American Express Q3 2022 Earnings Report
American Express's Q3 2022 performance was marked by a 24% revenue increase to $13.6 billion and a 9% rise in earnings per share to $2.47.
Key Takeaways
American Express reported a strong third quarter with significant revenue growth driven by increased card member spending and high customer engagement.
Total revenues net of interest expense were $13.6 billion, up 24 percent.
Earnings per share increased 9% to $2.47.
Card Member spending was up 21%, driven by growth in both Goods & Services and Travel & Entertainment spending.
The company added 3.3 million proprietary cards in the quarter.
American Express
American Express
Forward Guidance
American Express expects full year revenue growth of 23% to 25% and to be above its original full-year EPS guidance range of $9.25 to $9.65.