NYSE$AXP
American Express CO · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
American Express reported strong third-quarter results driven by accelerating momentum in its core business and outstanding credit performance.
American Express reported a strong third quarter with net income of $1.8 billion, or $2.27 per share. Revenues jumped 25% year-over-year, driven by growth in Card Member spending and a rise in the average discount rate.
- Revenues increased by 25% compared to the previous year.
- Card Member spending accelerated, reaching record highs for the third quarter.
- Spending by Millennial and Gen Z Card Members grew 38% above Q3 2019 levels.
- Acquired 2.6 million new proprietary cards in Q3.
Headline financials
Revenue & EPS history
American Express · Revenue · Quarterly
$10.9B
Revenue by segment
American Express · $13.5B total across 3 segments · Q3 2023
- U.S. Consumer$7.2B+16.1%53.3%
- Commercial$3.7B+5.7%27.4%
- International Cards$2.6B+13.0%19.3%
Forward guidance
The company remains confident in its ability to be within the high end of the range of the EPS expectations they had for 2020 in 2022.
Tailwinds
- Economies continuing to re-open
- Vaccination rates increasing
- Travel restrictions lifting
- Consumers continuing to spend online and on Goods & Services
- The general public feeling comfortable traveling, shopping and dining out again
Headwinds
- Uncertainty regarding the continued spread of COVID-19 (including new variants)
- A deterioration in global economic and business conditions
- Consumer and business spending not growing in line with expectations
- An inability or unwillingness of Card Members to pay amounts owed to the company
- The termination of government support and relief programs
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 Q3 2021
+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
| Quarter | Report date | Reaction (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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