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Dec 31, 2019
American Express Q4 2019 Earnings Report
American Express reported Q4 earnings per share of $2.03 and full-year EPS of $7.99.
Key Takeaways
American Express reported a fourth-quarter net income of $1.7 billion, or $2.03 per share, compared to $2.0 billion, or $2.32 per share, the previous year. Total revenues net of interest expense were $11.4 billion, a 9% increase from $10.5 billion a year ago.
Delivered steady, consistent performance in the fourth quarter, marking 10th straight quarter of FX-adjusted revenue growth at or above 8 percent.
Added 11.5 million new proprietary cards during 2019.
Almost 70 percent of new Card Members are choosing fee-based products, helping to drive card fee revenue growth of 17 percent.
Achieved goal of virtual parity merchant coverage in the United States as of year-end 2019.
Forward Guidance
For 2020, American Express expects revenue growth in the range of 8 to 10 percent on an FX-adjusted basis and earnings of $8.85 - $9.25 per share.
Positive Outlook
- Product innovation
- Growth opportunities
- Consistent performance
- Continued investments
- Long runway for steady growth over the long term
Historical Earnings Impact
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Avg. Return Before/After Earnings
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