American Express Company (AXP) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 VESEY STREET
NEW YORK, NY 10285
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 6199 - Finance Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42,43740,83633,91431,18226,27727,678
Cash and cash equivalents41,72740,62933,60730,17925,59525,907
Short-term investments7102073071,0036821,771
Total current assets:42,43740,83633,91431,18226,27727,678
Noncurrent Assets
Property, plant and equipment5,1775,2045,2155,0955,0935,046
Intangible assets, net (including goodwill)   3,932   
Goodwill   3,786   
Intangible assets, net (excluding goodwill)   146   
Regulated entity, other noncurrent assets   84   
Other noncurrent assets   1,207   
Amortization method qualified affordable housing project investments   1,146   
Total noncurrent assets:5,1775,20411,5845,0955,0935,046
Other undisclosed assets197,290189,802182,856178,638173,928163,138
TOTAL ASSETS:244,904235,842228,354214,915205,298195,862
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   2,530   
Accrued liabilities   2,530   
Debt1,5831,7241,3481,5151,9842,122
Total current liabilities:1,5831,7243,8781,5151,9842,122
Noncurrent Liabilities
Other undisclosed liabilities216,618208,126199,765189,460180,079171,357
Total liabilities:218,201209,850203,643190,975182,063173,479
Equity
Equity, attributable to parent26,70325,99224,71123,94023,23522,383
Common stock148149149150151151
Additional paid in capital11,50911,52211,49311,48211,47611,451
Accumulated other comprehensive loss(3,084)(3,106)(3,210)(3,377)(3,143)(2,973)
Retained earnings18,13017,42716,27915,68514,75113,754
Total equity:26,70325,99224,71123,94023,23522,383
TOTAL LIABILITIES AND EQUITY:244,904235,842228,354214,915205,298195,862

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues9,4338,8469,0758,7338,7717,640
Net investment income4,7414,3863,9313,3472,7772,507
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1,198)(1,055)(1,027)(778)(410) 
Gross profit:8,2357,7918,0487,9558,3617,640
Operating expenses(3,263)(3,174)(3,177)(3,152)(3,407)(2,739)
Operating income:4,9724,6174,8714,8034,9544,901
Interest and debt expense(1,670)(1,433)(1,207)(796)(439)(321)
Income from continuing operations before equity method investments, income taxes:3,3023,1843,6644,0074,5154,580
Other undisclosed loss from continuing operations before income taxes(568)(1,017)(1,793)(1,548)(1,972)(1,868)
Income from continuing operations before income taxes:2,7342,1671,8712,4592,5432,712
Income tax expense(560)(351)(299)(580)(579)(613)
Income from continuing operations:2,1741,8161,5721,8791,9642,099
Income before gain (loss) on sale of properties:1,8791,9642,099
Net income attributable to parent:2,1741,8161,5721,8791,9642,099
Other undisclosed net loss available to common stockholders, basic(15)(14)(14)(14)(15)(14)
Net income available to common stockholders, basic:2,1591,8021,5581,8651,9492,085
Dilutive securities, effect on basic earnings per share    (14)(15)(16)
Other undisclosed net loss available to common stockholders, diluted(17)(14)(12)   
Net income available to common stockholders, diluted:2,1421,7881,5461,8511,9342,069

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:2,1741,8161,5721,8791,9642,099
Other comprehensive income (loss)5834167(234)(170)(28)
Comprehensive income:2,2321,8501,7391,6451,7942,071
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(36)70    
Comprehensive income, net of tax, attributable to parent:2,1961,9201,7391,6451,7942,071

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: