American Express

Q4 Results Q/Q Comparison:

  • Revenue decreased 4% to $8.0B
    • Revenue decreased 3% adjusted for currency
  • GAAP Diluted EPS decreased 1% to $0.88
    • Adjusted EPS decreased 26% to $0.91
  • Net Income decreased 8% to $825M
    • Adjusted net income decreased 30% to $857B
  • Total cards-in-force decreased 7% to 109.9 million
    • United states cards-in-force decreased 18% to 47.5 million
    • Outside United States cards-in-force increased 4% to 62.4 million
  • Card billed business decreased 4% to $263.2B (down 3% currency neutral)
    • United States card billed business decreased 8% to $174.4B
    • Outside United States card billed business increased 7% to $88.8B (up 11% currency neutral)
  • Average discount rate of 2.44% up from 2.42%, prior year quarter
    • Discount revenue decreased 4% to $4.70B

Full-Year 2016 Results Q/Q Comparison:

  • Revenue decreased 2% to $32.1B
    • Revenue decreased 1% adjusted for currency
  • GAAP Diluted EPS increased 12% to $5.65
    • Adjusted EPS increased 10% to $5.93
  • Net Income increased 5% to $5.4B
    • Adjusted net income increased 3% to $5.7B
  • Card billed business was flat at $1.04T (up 1% currency neutral)
    • United States card billed business decreased 3% to $700.4B
    • Outside United States card billed business increased 6% to $337.1B (up 10% currency neutral)
  • Average discount rate of 2.45% down from 2.46%
    • Discount revenue decreased 3% $18.7B
  • Net write-offs of 1.6% up from 1.4%
  • Loans 30 days past due of 1.2%, up from 1.1%
  • Tier 1 capital of 13.5%, unchanged from prior year
  • Return on Equity of 26%
  • Returned 99% of earnings to shareholders

Stock Price: $76
Market Capitalization: $70 billion

January 19, 2016

 

 

 


 


 

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