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Sep 30, 2024
American Express Q3 2024 Earnings Report
American Express reported a strong third quarter with record revenue and increased EPS, driven by card member spending and fee revenue growth.
Key Takeaways
American Express reported a strong third quarter with record revenue of $16.6 billion, up 8% year-over-year, and earnings per share of $3.49, up 6% year-over-year. The company raised its full-year EPS guidance to $13.75 - $14.05.
Third-quarter revenue reached a record of $16.6 billion, up 8 percent year-over-year.
Earnings per share of $3.49 was up 6 percent, year-over-year.
Total Card Member spending increased 6 percent.
Card fee revenue growth accelerated to 18 percent.
Forward Guidance
American Express raised its full-year EPS guidance to $13.75 - $14.05 and continues to expect full-year revenue growth that is within the annual guidance range provided in the beginning of the year, at around 9 percent.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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