🔹 Total Revenue: $17.2B (Est. $17.199B) 🟢; UP +9% YoY
🔹 EPS: $3.04 (Est. $3.04) 🟡; UP +16% YoY
FY25 Guidance:
🔹 Revenue Growth: +8% to +10%
🔹 EPS: $15.00 to $15.50 (Est. $15.22) 😐
🔹 Planned Quarterly Dividend Increase: +17%, raising to $0.82 per share
Key Q4 Operating Metrics:
🔹 Billed Business: $408.4B in Q4 (UP +8% YoY); $1.55T for FY (UP +6% YoY; +7% FX-adjusted)
🔹 Net Card Fee Revenue: Record growth driven by 13M new card acquisitions and increased merchant locations globally.
🔹 Net Write-Off Rate: 1.9% in Q4 (DOWN from 2.0% YoY)
🔹 Net Income: $2.2B (UP +12% YoY)
🔹 Provisions for Credit Losses: $1.3B (DOWN YoY from $1.4B)
🔹 Consolidated Expenses: $13.1B; UP +11% YoY
Segment Highlights:
Consumer Spending
🔹 Record annual card member spending driven by strong holiday season demand in Q4.
Credit Performance
🔹 Maintained best-in-class credit performance with disciplined risk management.
Marketing Investments
🔹 Continued high-level investments in customer engagement, travel-related benefits, and global expansion.
CEO Commentary:
🔸 "2024 was another record year for American Express, reflecting our strong momentum and disciplined execution. With 13 million new card acquisitions, record revenues, and expanding customer engagement, we are well-positioned to deliver strong growth in 2025 as we celebrate our 175th anniversary." – Stephen J. Squeri, Chairman and CEO
