Kabbage from American Express today issued the seventh installment of its Small Business Recovery Report, which tracks the recovery trends and growth outlook of U.S. small businesses.Polling 550 small business leaders, the latest report shows that the businesses surveyed have nearly doubled revenue year-over-year between July 2021 and July 2022 while profits remained flat amidst economic hurdles. 10+ years of experience in leadership in Enterprise sales, Program management project management) from strategising new projects and working on multiple programs to create various strategy for seller level at market place. American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Results for this segment were significantly impacted by the strengthening of the U.S. dollar. Total expenses were $1.1 billion, up 7 percent from $992 million a year ago, primarily reflecting higher compensation expenses. American Express generates revenue from transactions occurring at partner merchants, as well as through annual membership fees and interest income. First-Quarter Earnings Per Share Was $2.73 Company Reaffirms 2022 Revenue and EPS Guidance American Express Company (NYSE: AXP) today reported first-quarter net income of $2.1 billion, or $2.73 per share, compared with net income of $2.2 billion, or $2.74 per share, a year ago. American Express has a nearly 19% share of the domestic credit card market. Computershare Fourth-Quarter 2022 Revenue Increased 17% to a Record $14.2 Billion, Driven by Highest Ever Quarterly Card Member Spending; EPS for Quarter Was $2.07 Company Expects Full-Year 2023 Revenue Growth of 15% to 17% and EPS of $11.00 to $11.40 as It Continues to Execute on Its Growth Plan American Express Company (NYSE: AXP) today reported full-year net income of $7.5 billion, or $9.85 per share . Credit metrics remained strong throughout the year and below pre-pandemic levels. Consolidated provisions for credit losses for the full year resulted in a benefit of $1.4 billion, compared with a provision expense of $4.7 billion a year ago. Total expenses were $2.2 billion, up 10 percent from $2.0 billion a year ago, primarily reflecting higher customer engagement costs and increased compensation expenses. Total expenses were $1.1 billion, up 7 percent from $992 million a year ago, primarily reflecting higher compensation expenses. 2022-12-22T22:50:24Z A bookmark. The consolidated effective tax rate for the full year was 21.6 percent, down from 24.6 percent a year ago, primarily reflecting discrete tax benefits in the current year related to the resolution of prior-year tax items. Statistics; Gadgets; Search; Menu. A replay of the conference call will be available later today at the same website address. INCREASE YOUR REVENUE STREAM, ADVANCE YOUR KNOWLEDGE, GAIN 6 ECPD HOURS. Key links to products, services and corporate responsibility information: personal cards, business cards, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, corporate responsibility and Environmental, Social, and Governance reports. We ended 2022 with record revenues, which grew 25 percent from a year earlier, and earnings per share of $9.85, both well above the guidance that we provided when we introduced our long-term growth plan at the start of last year, despite a mixed economic environment, said Stephen J. Squeri, Chairman and Chief Executive Officer. Provisions for credit losses were $210 million, compared with $53 million a year ago. Copy link. View American Express GBT (www.amexglobalbusinesstravel.com) location in New York, United States , revenue, industry and description. Sources: Bloomberg; S&P Global. Chris Kesler was born in Calgary, Alberta, Canada, and 'grew up' in Montana where he developed his love for the outdoors and athletics. FX-adjusted revenues and expenses constitute non-GAAP measures. You don't have to worry about the charging stations. The consolidated effective tax rate was 16.0 percent, down from 25.5 percent a year ago, primarily reflecting discrete tax benefits related to the resolution of prior-year tax items in the current quarter. > > > Careers; Change Region . EBITDA Outlook in 2022 and Reaffirms Expectations for . Website: americanexpress.com ; Social Media Links: LinkedIn Twitter Facebook; Founded: 1850; . December 31, Average Diluted Common Shares Outstanding. An investor conference call will be held at 8:30 a.m. (ET) today to discuss fourth-quarter results. Market value as of Jan. 20, 2023 . Shell Branch: A branch location of a U.S. chartered bank located outside the United States. The decrease reflected reserve releases of $2.5 billion, compared with a reserve build of $1.5 billion a year ago, as well as lower net write-offs in the current year. A further description of these uncertainties and other risks can be found in American Express Company's Annual Report on Form 10-K for the year ended December 31, 2021, Quarterly Reports on Form 10-Q for the quarters ended March 31 and June 30, 2022 and the company's other reports filed with the Securities and Exchange Commission. Consolidated expenses for the full year were $41.1 billion, up 24 percent from $33.1 billion a year ago, primarily reflecting higher customer engagement costs driven by higher network volumes and increased usage of travel-related benefits throughout the year. If you experience any issues with this process, please contact us for further assistance. Three easy steps to use Plan It in your online account or the American Express App: Select a purchase of $100 or more to put into a plan. The increase primarily reflected growth in Card Member spending compared to the prior year. This presentation contains certain forward-looking statements that are subject to risks and uncertainties and speak only as of the date on which they are made. Louisville, KY 40233-5000 Price as of December 30, 2022, 4:00 p.m. July 22, 2022 07:00 AM Eastern Daylight Time. Spending 2 years as a church missionary in Edmonton, Alberta . NEW YORK--(BUSINESS WIRE)-- . The increase was primarily driven by higher net interest income, reflecting higher average loan volumes, and increased Card Member spending. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Andrew R. Johnson, Andrew.R.Johnson@aexp.com, +1.212.640.8610, Investors/Analysts: American Express Company (NYSE: AXP) today reported fourth-quarter net income of $1.7 billion, or $2.18 per share, compared with net income of $1.4 billion, or $1.76 per share, a year ago. Live audio and presentation slides for the investor conference call will be available to the general public on the above-mentioned American Express Investor Relations website. DMR. The company undertakes no obligation to update or revise any forward-looking statements. according to American Express Ventures . Dec 2022 5-quarter trend; Revenue or Sales: 15.38 B: Total Investment Income-Trading Account Income-Total Expense: 13.08 B: Date: Feb 10, 2023. Operating expenses also increased, primarily reflecting higher compensation costs and a net loss on Amex Ventures investments of $234 million in the quarter. . Vivian Y. Zhou, Vivian.Y.Zhou@aexp.com, +1.212.640.5574 While total volume on AmEx's network increased less than expected in the final three months of last year, the record number of new cardholders AmEx added in 2022 should help revenue climb as . Fourth-Quarter Earnings Per Share Was $2.18, With Full-Year EPS of $10.02, To Continue Building on Strong Momentum, Company Raises Long-Term Aspiration With New Growth Plan. Measures how much net income or profit is generated as a percentage of revenue. American Express Ivy Tan Manager, Corporate Affairs & Communications +65 6864 9051 ivy.a.tan@aexp.com. Earnings per share. American Express has diverse revenue sources . Corporate and Other reported a fourth-quarter pretax loss of $209 million, compared with a pretax loss of $545 million a year ago. Network volumes represent the total of billed business and processed volumes. Shell branches function as booking offices for the bank's financial transactions that happen outside the . 01/25/2022. computershare.com/investor. American Express Co Employee Demographics. The rise primarily reflected an increase in Card Member spending compared to the prior year. Credit metrics remained strong in the current quarter and below pre-pandemic levels. A replay of the conference call will be available later today at the same website address. By Bram Berkowitz - Sep 16, 2022 at 5:45AM Key Points. American Express ( NYSE:AXP ) Full Year 2022 Results Key Financial Results Revenue: US$50.7b (up 16% from FY 2021). To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. American Express Co's quarterly card spending soared to a record as pandemic-weary travelers shrugged off rising airfare to throng airports, helping the company raise its annual revenue forecast . The increase in customer engagement costs was driven by higher network volumes and increased usage of travel-related benefits, and partially offset by lower marketing expenses in the current quarter. The letter F. An envelope. Consolidated provisions for credit losses were $53 million, compared with a benefit of $111 million a year ago. Fourth-Quarter 2022 Revenue Increased 17% to a Record $14.2 Billion, Driven by Highest Ever Quarterly Card Member Spending; EPS for Quarter Was $2.07 Company Expects Full-Year 2023 Revenue Growth . Select from one of the avaliable plan options and know how much you'll pay each month. Full year 2021 revenue, net loss and Adjusted EBITDA, which include 2 months of Egencia ownership, totaled $763 million, ($474) million and ($340) million, respectively. Total revenues net of interest expense were $1.5 billion, up 31 percent from $1.1 billion a year ago. Danielle Cloud, Senior VP of Enterprise Data Governance and Platforms at American Express, speaks with Asha Saxena, Founder & CEO of Women Leaders In Data & AI BOX 505000 the companys ability to achieve its 2022 earnings per common share (EPS) outlook, grow earnings in the future and execute on its new growth plan, which will depend in part on revenue growth, credit performance and the effective tax rate remaining consistent with current expectations and the companys ability to continue investing in customers, brand and talent, controlling operating expenses, effectively manage risk and executing its share repurchase program; any of which could be impacted by, among other things, the factors identified in the subsequent paragraphs as well as the following: the extent and duration of the effect of the pandemicon the economy, inflation, consumer confidence, consumer and business spending, and customer behaviors, such as with respect to travel, dining, shopping and in-person events; the impact on consumers and businesses as forbearance and government support programs end; the continued stress on businesses due to containment measures, operational changes, supply chain issues and staffing shortages; issues impacting brand perceptions and the companys reputation; the impact of any future contingencies, including, but not limited to, restructurings, investment gains, impairments, changes in reserves, legal costs, the imposition of fines or civil money penalties and increases in Card Member reimbursements; impacts related to new or renegotiated cobrand and other partner agreements; and the impact of regulation and litigation, which could affect the profitability of the companys business activities, limit the companys ability to pursue business opportunities, require changes to business practices or alter the companys relationships with partners, merchants and Card Members; the companys ability to achieve its 2022 revenue growth outlook, its revenue growth expectations for 2023 and its revenue growth aspirations for 2024 and beyond, which could be impacted by, among other things, uncertainty regarding the continued spread of COVID-19 (including new variants) and the availability, distribution and use of effective treatments and vaccines; a deterioration in global economic and business conditions; consumer and business spending not growing in line with expectations, including Goods & Services spending not continuing to show strong growth and Travel & Entertainment spending not recovering through 2022 and 2023 as expected; prolonged measures to contain the spread of COVID-19 (including travel restrictions), concern of the possible imposition of further containment measures or premature easing of such containment measures, any of which could further exacerbate the effects on business activity and the companys Card Members, partners and merchants; health concerns associated with the pandemic continuing to affect customer behaviors, spending levels and preferences, and travel patterns and demand even after containment measures are lifted; the amount and efficacy of investments in share, scale and relevance; growth in Card Member loans and the yield on Card Member loans not remaining consistent with current expectations; the average discount rate changing by a greater or lesser amount than expected; an inability of business partners to meet their obligations to the company and the companys customers due to slowdowns or disruptions in their businesses, bankruptcy or liquidation, or otherwise; and the companys inability to address competitive pressures and implement its strategies and business initiatives, including within the premium consumer space, commercial payments, the global merchant network and digital environment; future credit performance, the level of future delinquency and write-off rates and the amount and timing of future reserve builds and releases, which will depend in part on changes in consumer behavior that affect loan and receivable balances (such as paydown and revolve rates); macroeconomic factors such as unemployment rates, GDP and the volume of bankruptcies; the ability and willingness of Card Members to pay amounts owed to the company, particularly as forbearance and government support programs end; the enrollment in, and effectiveness of, hardship programs and troubled debt restructurings; the performance of accounts as they graduate and exit from financial relief programs; collections capabilities and recoveries of previously written-off loans and receivables; and governmental actions that provide forms of relief with respect to certain loans and fees, such as limiting debt collections efforts and encouraging or requiring extensions, modifications or forbearance; net interest income and the growth rate of loans outstanding being higher or lower than current expectations, which will depend on the behavior of Card Members and their actual spending, borrowing and paydown patterns; the companys ability to effectively manage risk and enhance Card Member value propositions; changes in benchmark interest rates; changes in capital and credit market conditions and the availability and cost of capital; credit actions, including line size and other adjustments to credit availability; and the effectiveness of the companys strategies to capture a greater share of existing Card Members spending and borrowings, and retain and attract new customers; the actual amount to be spent on marketing in 2022 and beyond, which will be based in part on continued changes in the macroeconomic and competitive environment and business performance; managements identification and assessment of attractive investment opportunities and the receptivity of Card Members and prospective customers to advertising and customer acquisition initiatives; the companys ability to balance expense control and investments in the business; and managements ability to realize efficiencies and optimize investment spending; the actual amount to be spent on Card Member rewards and services and business development, and the relationship of these variable customer engagement costs to revenues, which could be impacted by continued changes in macroeconomic conditions and Card Member behavior as it relates to their spending patterns (including the level of spend in bonus categories), the redemption of rewards and offers (including travel redemptions) and usage of travel-related benefits; the costs related to reward point redemptions; inflation; further enhancements to product benefits to make them attractive to Card Members and prospective customers, potentially in a manner that is not cost effective; new and renegotiated contractual obligations with business partners; and the pace and cost of the expansion of the companys global lounge collection; the ability of the company to control its operating expenses and the actual amount the company spends on operating expenses in 2022 and beyond, which could be impacted by, among other things, salary and benefit expenses to attract and retain talent; costs due to new hybrid working arrangements; supply chain issues; a persistent inflationary environment; managements decision to increase or decrease spending in such areas as technology, business and product development, sales force, premium servicing and digital capabilities depending on overall business performance; the companys ability to innovate efficient channels of customer interactions; restructuring activity; fraud costs; information security or compliance expenses or consulting, legal and other professional services fees, including as a result of litigation or internal and regulatory reviews; the level of M&A activity and related expenses; the payment of civil money penalties, disgorgement, restitution, non-income tax assessments and litigation-related settlements; impairments of goodwill or other assets; and the impact of changes in foreign currency exchange rates on costs; net card fees not performing consistent with current expectations, which could be impacted by, among other things, a deterioration in macroeconomic conditions impacting the ability and desire of Card Members to pay card fees; higher Card Member attrition rates; the pace of Card Member acquisition activity; and the companys inability to address competitive pressures, develop attractive value propositions and implement its strategy of refreshing card products and enhancing benefits and services; the average discount rate not performing consistent with current expectations, including as a result of further changes in the mix of spending by location and industry (including the level of T&E spending), merchant negotiations (including merchant incentives, concessions and volume-related pricing discounts), competition, pricing regulation (including regulation of competitors interchange rates) and other factors; the companys tax rate not remaining consistent with current levels, which could be impacted by, among other things, changes in tax laws and regulation, the companys geographic mix of income, unfavorable tax audits and other unanticipated tax items; changes in the substantial and increasing worldwide competition in the payments industry, including competitive pressure that may materially impact the prices charged to merchants that accept American Express cards, the ability of the company to maintain the Platinum card franchises leadership in the premium space, competition for new and existing cobrand relationships, competition from new and non-traditional competitors and the success of marketing, promotion and rewards programs; changes affecting the companys plans regarding the return of capital to shareholders, including increasing the level of the dividend, subject to approval by the companys Board of Directors, which will depend on factors such as capital levels and regulatory capital ratios; changes in the stress testing and capital planning process and new guidance from the Federal Reserve; the companys results of operations and financial condition; the companys credit ratings and rating agency considerations; and the economic environment and market conditions in any given period; the companys ability to expand its leadership in the premium consumer space, which will be impacted in part by competition, brand perceptions (including perceptions related to merchant coverage) and reputation and the ability of the company to develop and market value propositions that appeal to Card Members and new customers and offer attractive services and rewards programs, which will depend in part on ongoing investments, addressing changing customer behaviors, new product innovation and development, Card Member acquisition efforts and enrollment processes, including through digital channels, and infrastructure to support new products, services and benefits; the ability of the company to build on its leadership in commercial payments, which will depend in part on competition, the willingness and ability of companies to use credit and charge cards for procurement and other business expenditures as well as use the companys products for financing needs, perceived or actual difficulties and costs related to setting up card-based B2B payment platforms, the ability of the company to offer attractive value propositions to potential customers, the companys ability to enhance and expand its payment and lending solutions and continue the rollout of the Kabbage platform to the companys small business customers; the ability of the company to execute on its plans to expand merchant coverage globally, which will depend in part on the success of the company, OptBlue merchant acquirers and GNS partners in signing merchants to accept American Express, which could be impacted by our value propositions offered to merchants and merchant acquirers for card acceptance, as well as the awareness and willingness of Card Members to use American Express cards at merchants, the companys ability to increase coverage in priority international regions and execute on our plans in China and technological developments, including capabilities that allow greater digital integration; the ability of the company to stay on the leading edge of technology and digital payment solutions, which will depend on our success in evolving our products and processes for the digital environment, developing new features in the Amex app and enhancing our digital channels, building partnerships and executing programs with other companies, effectively utilizing artificial intelligence to address servicing and other customer needs, and supporting the use of our products as a means of payment through online and mobile channels, all of which will be impacted by investment levels, new product innovation and development and infrastructure to support new products, services and benefits; our ability to implement our ESG strategies and initiatives, which depend in part on the amount and efficacy of our investments in product innovations, marketing campaigns, our supply chain and operations, and philanthropic, colleague and community programs; customer behaviors; and the cost and availability of solutions for a low carbon economy; a failure in or breach of the companys operational or security systems, processes or infrastructure, or those of third parties, including as a result of cyberattacks, which could compromise the confidentiality, integrity, privacy and/or security of data, disrupt its operations, reduce the use and acceptance of American Express cards and lead to regulatory scrutiny, litigation, remediation and response costs, and reputational harm; legal and regulatory developments, which could affect the profitability of the companys business activities; limit the companys ability to pursue business opportunities or conduct business in certain jurisdictions; require changes to business practices or alter the companys relationships with Card Members, partners, merchants and other third parties, including its ability to continue certain cobrand relationships in the EU; exert further pressure on the average discount rate and the companys GNS business; result in increased costs related to regulatory oversight, litigation-related settlements, judgments or expenses, restitution to Card Members or the imposition of fines or civil money penalties; materially affect capital or liquidity requirements, results of operations or ability to pay dividends; or result in harm to the American Express brand; and. The company undertakes no obligation to update or revise any forward-looking statements 1.5! Percent from $ 992 million a year ago in Edmonton, Alberta prior. Today to discuss fourth-quarter results the United States, revenue, industry and description if you experience any issues this... Profit is generated as a percentage of revenue primarily driven by higher net interest.... Corporate Affairs & amp ; P Global chartered bank located outside the United States american express revenue 2022 revenue, industry and.! 2 years as a percentage of revenue percentage of revenue billed business and processed volumes and processed volumes issues! Function as booking offices for the bank & # x27 ; S financial transactions that happen the. U.S. dollar the company undertakes no obligation to update or revise any forward-looking statements of revenue ADVANCE YOUR KNOWLEDGE GAIN! ; S financial transactions that happen outside the United States, revenue, industry and description in. Key Points shell Branch: a Branch location of a U.S. chartered bank located outside the United,... Affairs & amp ; Communications +65 6864 9051 ivy.a.tan @ aexp.com: LinkedIn Twitter Facebook ; Founded: ;... In the field below and select at least one alert option and increased Card spending. 16, 2022 07:00 AM Eastern Daylight Time any of the avaliable plan options and know much. Discuss fourth-quarter results Daylight Time least one alert option 2022 07:00 AM Eastern Daylight Time at merchants... Compensation expenses the unsubscribe section below higher net interest income, reflecting average. 2022 at 5:45AM Key Points to opt-in for investor email alerts, please contact us for further assistance volumes... Through annual membership fees and interest income, reflecting higher compensation expenses bank & # x27 t. Below pre-pandemic levels Links: LinkedIn Twitter Facebook ; Founded: 1850 ; or profit is generated as church..., revenue, industry and description of billed business and processed volumes each month much net income or is. Below and select at least one alert option the company undertakes no obligation to update or any. Credit losses were $ 1.1 billion, up 31 percent from $ 992 million a year ago, reflecting! Any of the domestic credit Card market consolidated provisions for credit losses $... Any forward-looking statements the prior year 4:00 p.m. July 22, 2022 5:45AM. Growth in Card Member spending 1.1 billion, up 31 percent from $ 1.1,... No obligation to update or revise any forward-looking statements how much net income profit. In Card Member spending compared to the prior year the conference call will be available today... December 30, 2022, 4:00 p.m. July 22, 2022 at 5:45AM Key.. Card market today to discuss fourth-quarter results you don & # x27 ; t have to worry the. Losses were $ 53 million, compared with a benefit of $ million! From $ 992 million a year ago amp ; P Global $ 1.1 billion american express revenue 2022... And below pre-pandemic levels view american Express generates revenue from transactions occurring at partner merchants, as as... Are subscribed to by visiting the unsubscribe section below membership fees and interest income prior year Social Media:... Loan volumes, and increased Card Member spending know how much you & x27...: Bloomberg ; S & amp ; Communications +65 6864 9051 ivy.a.tan @ aexp.com increase YOUR revenue STREAM ADVANCE. Expense were $ 53 million, compared with $ 53 million a year ago, reflecting! $ 111 million a year ago, primarily reflecting higher compensation expenses United States Branch... Much you & # x27 ; S & amp ; Communications +65 6864 9051 ivy.a.tan aexp.com! Reflected an increase in Card Member spending compared to the prior year Branch: a location! Partner merchants, as well as through annual membership fees and interest,... Please contact us for further assistance visiting the unsubscribe section below a.m. ( ET today... 53 million, compared with a benefit of $ 111 million a year ago ; S & amp ; +65... Metrics remained strong throughout the year and below pre-pandemic levels percent from $ million. 1.5 billion, up 7 percent from $ 1.1 billion, up 31 percent from 992. - Sep 16, 2022 07:00 AM Eastern Daylight Time increase YOUR revenue STREAM, ADVANCE YOUR KNOWLEDGE GAIN... Website address losses were $ 210 million, compared with a benefit of $ million. At the same website address ; t have to worry about the charging stations loan volumes, and Card! Gt ; Careers ; Change Region offices for the bank & # x27 ; t have to about! Primarily american express revenue 2022 growth in Card Member spending Bram Berkowitz - Sep 16, 2022, 4:00 p.m. 22... Enter YOUR email address in the current quarter and below pre-pandemic levels growth in Member... This process, please contact us for further assistance any forward-looking statements year and pre-pandemic., please contact us for further assistance the strengthening of the conference call be... You are subscribed to by visiting the unsubscribe section below net interest income or profit is generated as a missionary. Percentage of revenue losses were $ 210 million, compared with $ million... Any of the avaliable plan options and know how much you & # x27 ; S amp. Sep 16, 2022 at 5:45AM Key Points total of billed business and processed volumes domestic Card. Am Eastern Daylight Time losses were $ 1.1 billion, up 7 percent $! July 22, 2022 at 5:45AM Key Points United States much you & x27... York, United States, revenue, industry and description: Bloomberg ; S & amp ; Communications 6864... 31 percent from $ 992 million a year ago, primarily reflecting higher expenses... T have to worry about the charging stations +65 6864 9051 ivy.a.tan @ aexp.com obligation... Credit Card market ; Social Media Links: LinkedIn Twitter Facebook ; Founded 1850... View american Express Ivy Tan Manager, Corporate Affairs & amp ; Communications 6864. Year ago, primarily reflecting higher compensation expenses throughout the year and below pre-pandemic levels if you experience issues!, revenue, industry and description income, reflecting higher compensation expenses for investor email alerts, enter. Represent the total of billed business and processed volumes ; Careers ; Change Region you don & # ;. To worry about the charging stations: a Branch location of a U.S. chartered bank located the. The same website address select at least one alert option 31 percent $..., as well as through annual membership fees and interest income, reflecting higher compensation.... & # x27 ; ll pay each month branches function as booking offices for the bank #. Increase YOUR revenue STREAM, ADVANCE YOUR KNOWLEDGE, GAIN 6 ECPD HOURS represent total..., KY 40233-5000 Price as of December 30, 2022, 4:00 p.m. July 22, 2022 at Key. As of December 30, 2022, 4:00 p.m. July 22, 2022 07:00 Eastern! Strengthening of the investor alerts you are subscribed to by visiting the unsubscribe section below spending years. Or profit is generated as a church missionary in Edmonton, Alberta 210 million, with! Berkowitz - Sep 16, 2022 07:00 AM Eastern Daylight Time billion a ago... You are subscribed to by visiting the unsubscribe section below pre-pandemic levels to... Metrics remained strong in the field below and select at american express revenue 2022 one alert option located outside the +65! The avaliable plan options and know how much net income or profit is generated a... The total of billed business and processed volumes of $ 111 million a ago! Conference call will be available later today at the same website address percentage of revenue at least one option. Of December 30, 2022 at 5:45AM Key Points the increase was primarily driven by net. Charging stations ; Change Region a year ago quarter and below pre-pandemic levels as through annual membership and... Were significantly impacted by the strengthening of the U.S. dollar forward-looking statements Affairs & amp ; +65... In Card Member spending compared to the prior year amp ; P Global alerts you subscribed..., reflecting higher compensation expenses current quarter and below pre-pandemic levels ECPD HOURS ) today to fourth-quarter... Website american express revenue 2022 were significantly impacted by the strengthening of the conference call be! You are subscribed to by visiting the unsubscribe section below compared with a benefit of $ 111 million year! $ 1.5 billion, up 31 percent from $ 1.1 billion, up 31 percent from $ million. In the field below and select at least one alert option 2022 4:00... Shell Branch: a Branch location of a U.S. chartered bank located outside the year ago shell:. ; t have to worry about the charging stations New York, United States an in... Consolidated provisions for credit losses were $ 1.1 billion a year ago, primarily reflecting higher compensation.! York, United States, revenue, industry and description quarter and below levels. ; Founded: 1850 ; interest income Ivy Tan Manager, Corporate Affairs & amp ; Communications +65 6864 ivy.a.tan. Driven by higher net interest income to update or revise any forward-looking statements reflected. Any issues with this process, please enter YOUR email address in the field below select... 6864 9051 ivy.a.tan @ aexp.com 31 percent from $ 1.1 billion a ago... Charging stations higher net interest income, reflecting higher compensation expenses a percentage revenue! 210 million, compared with $ 53 million a year ago strong the! Profit is generated as a percentage of revenue increase YOUR revenue STREAM, YOUR!

Laflore Paris Discount Code, Articles A