NYSE$AXP

American Express CO · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

American Express reported a record revenue driven by highest-ever quarterly card member spending and EPS for the quarter.

American Express reported a strong Q4 2022, with a 17% increase in revenue to a record $14.2 billion. EPS for the quarter was $2.07. The company expects full-year 2023 revenue growth of 15% to 17% and EPS of $11.00 to $11.40.

  • Q4 revenue increased 17% to a record $14.2 billion.
  • EPS for the quarter was $2.07.
  • Company expects full-year 2023 revenue growth of 15% to 17%.
  • Company expects full-year 2023 EPS of $11.00 to $11.40.

Headline financials

Total Revenue

$14.2B

Previous: $12.1B+16.7%
EPS (adj)

$2.07

Previous: $2.18-5.0%
Capital Expenditures

$513M

Previous: $471M+8.9%
Free Cash Flow

$7.92B

Previous: $4.54B+74.5%
Net Income

$1.57B

Previous: $1.72B-8.6%
Gross Profit

$8.37B

Previous: $7.93B+5.6%
Cash & Equivalents

$33.4B

Previous: $21.5B+55.2%
Total Assets

$228B

Previous: $189B+21.1%
Stock-Based Comp

$93M

Previous: $74M+25.7%

Revenue & EPS history

American Express · Revenue · Quarterly

$14.2B

Q4 2022+16.7%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

American Express · $12.5B total across 3 segments · Q4 2022

  • U.S. Consumer
    $6.5B
  • Commercial
    $3.6B
  • International Cards
    $2.4B

Forward guidance

American Express expects 2023 revenue growth of 15% to 17% and earnings per share of $11.00 to $11.40.

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 Q4 2022

Historical avgQ4 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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