The earnings call highlighted American Express's strong performance with record revenues and net income, robust card acquisition, and international growth. However, some challenges include moderated loan growth and uncertainty about sustained spending momentum. The company remains confident in its strategy and potential for growth in 2025.

Company Guidance

During the American Express Q4 2024 Earnings Call, the company provided optimistic guidance for 2025, forecasting revenue growth of 8% to 10% and an EPS range of $15 to $15.50, marking a 12% to 16% increase over the previous year. The 2024 performance was robust, with record revenues of $66 billion, a 10% increase on an FX-adjusted basis, and a net income of $10 billion, translating to an EPS of $14.01, up 25% from 2023. Key metrics included an 8% growth in fourth-quarter billings, aided by strong holiday spending, and a record 13 million new card acquisitions. The company also highlighted best-in-class credit performance and disciplined expense management. American Express anticipates sustaining its growth momentum through continued investment in product refreshes, with plans to refresh 35 to 50 products in 2025, and further expansion of its merchant network, which achieved 80% coverage in top international markets.

Record Revenue and Net Income

American Express reported record revenues of $66 billion for 2024, up 10% on an FX-adjusted basis, with net income reaching $10 billion and earnings per share of $14.01, up 25% year-over-year.

Strong Card Acquisition and Retention

The company achieved record net card fees and acquired 13 million new cards, with continued high card member retention.

International and SME Growth

International business grew by 15% in Q4 2024, with significant opportunities for continued growth in underpenetrated markets. SME customer base and spending also saw improvement.

Merchant Network Expansion

American Express added millions of new merchant locations globally and achieved 80% merchant coverage in its top 12 international countries.

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American Express (AXP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AXP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 17, 2025	2025 (Q1)	3.56 / -	3.33	―	―	―
Jan 24, 2025	2024 (Q4)	3.03 / 3.04	2.62	16.03% (+0.42)
Oct 18, 2024	2024 (Q3)	3.29 / 3.49	3.3	5.76% (+0.19)
Jul 19, 2024	2024 (Q2)	3.26 / 4.15	2.89	43.60% (+1.26)
Apr 19, 2024	2024 (Q1)	2.96 / 3.33	2.4	38.75% (+0.93)
Jan 26, 2024	2023 (Q4)	2.64 / 2.62	2.07	26.57% (+0.55)
Oct 20, 2023	2023 (Q3)	2.95 / 3.30	2.47	33.60% (+0.83)
Jul 21, 2023	2023 (Q2)	2.81 / 2.89	2.57	12.45% (+0.32)
Apr 20, 2023	2023 (Q1)	2.66 / 2.40	2.73	-12.09% (-0.33)
Jan 27, 2023	2022 (Q4)	2.23 / 2.07	2.18	-5.05% (-0.11)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AXP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 24, 2025	$325.87	$321.34	-1.39%
Oct 18, 2024	$285.11	$276.14	-3.15%
Jul 19, 2024	$247.97	$241.18	-2.74%
Apr 19, 2024	$215.78	$229.21	+6.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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