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Dec 31, 2024
American Express Q4 2024 Earnings Report
American Express reported record FY 2024 revenue with a 9% increase, and EPS increased by 25%.
Key Takeaways
American Express reported a strong fourth quarter in 2024, with a 9% increase in total revenues and a net income of $2.2 billion. The company's growth was driven by strong Card Member spending, higher net interest income, and accelerated card fee growth. For the full year, American Express achieved record revenues of $65.9 billion and net income of $10.1 billion.
Record revenues driven by strong Card Member spending.
Net income increased driven by higher net interest income.
Billed business growth accelerated to 8 percent in the fourth quarter.
Company plans to increase quarterly dividend by 17%.
American Express
American Express
Forward Guidance
For the full year 2025, American Express expects revenue growth of between 8 to 10 percent and EPS in the range of $15.00 to $15.50.