NYSE$AXP

American Express CO · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

American Express's first-quarter revenue increased, driven by strong card member spending globally.

American Express reported a strong first-quarter with a 29% increase in revenue to $11.7 billion, driven by a 35% growth in Card Member spending globally. EPS was $2.73. The company reaffirmed its 2022 revenue and EPS guidance.

  • Revenues increased by 29% year-over-year, driven by Card Member spending growth of 35% globally.
  • Added 3 million new proprietary cards in the quarter, with record acquisitions of U.S. Consumer Platinum and Gold Cards and U.S. Business Platinum Cards.
  • Millennial and Gen Z Card Members and small and medium-sized businesses spending increased significantly.
  • Travel and Entertainment spending reached pre-pandemic levels globally in March.

Headline financials

Total Revenue

$11.7B

Previous: $9.06B+29.5%
EPS (adj)

$2.73

Previous: $2.74-0.4%
Capital Expenditures

-$447M

Previous: -$319M-40.1%
Free Cash Flow

$1.65B

Previous: $1.92B-13.8%
Net Income

$2.1B

Previous: $2.24B-6.1%
Operating Income

$8.64B

Previous: $5.86B+47.5%
Gross Profit

$11.7B

Previous: $8.39B+39.5%
Cash & Equivalents

$25.9B

Previous: $40.1B-35.3%
Total Assets

$196B

Previous: $193B+1.4%
Stock-Based Comp

$122M

Previous: $98M+24.5%

Revenue & EPS history

American Express · Revenue · Quarterly

$11.7B

Q1 2022+29.5%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

American Express · $13.5B total across 3 segments · Q3 2023

  • U.S. Consumer
    $7.2B+16.1%
  • Commercial
    $3.7B+5.7%
  • International Cards
    $2.6B+13.0%

Forward guidance

The company reaffirmed its full-year guidance of 18 to 20 percent revenue growth and earnings per share between $9.25 and $9.65.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.1%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+3.3%

Avg return

30 days after

45%

33 / 73 earnings

Positive

+11.2%

Q3 2016

Best reaction

-12.6%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.8%-5.1%-6.3%
Q4 2025-1.1%-1.3%-13.8%
Q3 2025+7.2%+8.9%+10.5%
Q2 2025+0.3%-0.3%+6.0%
Q1 2025-0.6%-0.2%+18.5%
Q4 2024-1.4%-3.3%-9.4%
Q3 2024-5.3%-5.1%+0.4%
Q2 2024-1.8%-3.3%+1.0%
Q1 2024+7.1%+9.9%+11.6%
Q4 2023+6.8%+6.7%+14.1%
Q3 2023-3.4%-4.1%+8.6%
Q2 2023-5.3%-5.3%-9.5%
Q1 2023-0.7%-5.4%-7.3%
Q4 2022+10.8%+11.4%+11.8%
Q3 2022-0.6%+3.1%+7.1%
Q2 2022+2.4%+1.0%+8.0%
Q1 2022-0.9%-4.4%-17.5%
Q4 2021+10.3%+11.4%+18.5%
Q3 2021+2.7%+0.3%-2.2%
Q2 2021+1.0%-0.5%-6.5%
Q1 2021+2.2%+3.7%+6.6%
Q4 2020-5.8%-4.0%+13.1%
Q3 2020-7.5%-12.6%+7.4%
Q2 2020-0.9%+0.0%-0.5%
Q1 2020+3.2%+16.6%+8.3%
Q4 2019-0.6%+0.2%+2.7%
Q3 2019-0.0%-2.2%+1.4%
Q2 2019-1.9%-0.4%-2.9%
Q1 2019+0.5%+2.0%+6.5%
Q4 2018+1.1%+0.4%+8.0%
Q3 2018+2.3%+0.0%+4.9%
Q2 2018-1.0%+0.1%+1.9%
Q1 2018+9.1%+7.2%+7.6%
Q4 2017-2.7%-2.8%-3.9%
Q3 2017+0.2%+0.8%+2.2%
Q2 2017-0.2%-0.6%-0.2%
Q1 2017+5.6%+6.1%+1.3%
Q4 2016-1.7%-0.1%+2.9%
Q3 2016+11.2%+11.7%+18.2%
Q2 2016-1.1%+0.3%+2.1%
Q1 2016+3.2%
Q4 2015-12.6%
Q3 2015-5.8%
Q2 2015-2.5%
Q1 2015-3.0%
Q4 2014-3.3%
Q3 2014-3.0%
Q2 2014-1.0%
Q1 2014+0.2%
Q4 2013+3.1%
Q3 2013+6.6%
Q2 2013-5.4%
Q1 2013+0.7%
Q4 2012+1.6%
Q3 2012-1.7%
Q2 2012-4.2%
Q1 2012-1.0%
Q4 2011+2.9%
Q3 2011+5.5%
Q2 2011-3.5%
Q1 2011-1.2%
Q4 2010-0.9%
Q3 2010+3.2%
Q2 2010-1.4%
Q1 2009-7.3%
Q1 2010+1.0%
Q4 2009+0.2%
Q3 2009-2.1%
Q3 2008-2.1%
Q4 2007+1.5%
Q2 2008+1.5%
Q2 2009+1.5%
Q4 2008+1.5%

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