American Express (AXP) FY2015 results: revenue $32.8 billion, down 4.0% on the year
American Express Co. (AXP) reported revenue of $32.8 billion for fiscal 2015, the year ended 31 December 2015, down 4.0% on the year before. Net income was $5.2 billion, down 12.3%, and diluted earnings per share $5.05. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$32.8 billion
-4.0% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$5.2 billion
-12.3% on the year
FY2008FY2015
Diluted EPS
$5.05
-9.2% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
32,818
34,188
32,870
-4.0%
Interest expense
1,623
1,707
1,958
-4.9%
Pre-tax income
7,938
8,991
7,888
-11.7%
Income tax
2,775
3,106
2,529
-10.7%
Effective tax rate
35.0%
34.5%
32.1%
Net income
5,163
5,885
5,359
-12.3%
Net margin
15.7%
17.2%
16.3%
Diluted EPS
$5.05
$5.56
$4.88
-9.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
n/a
10,990
8,547
Capital expenditure
1,341
1,195
1,006
+12.2%
Free cash flow
n/a
9,795
7,541
Free cash flow margin
n/a
28.7%
22.9%
Depreciation and amortisation
1,043
1,012
1,020
+3.1%
Share-based compensation
234
290
350
-19.3%
Buybacks
4,500
4,389
3,943
+2.5%
Dividends paid
1,172
1,041
939
+12.6%
Dividend per share
$1.13
$1.01
$0.89
+11.9%
Diluted shares, weighted
1,003m
1,051m
1,089m
-4.6%
Shares outstanding at period end
969m
1,023m
1,064m
-5.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
20,673
20,673
19,496
0.0%
Deposits
54,997
44,171
41,763
+24.5%
Short-term borrowings
4,812
3,480
5,021
+38.3%
Debt
48,061
57,955
55,330
-17.1%
Other liabilities
32,641
32,824
31,390
-0.6%
Total liabilities and equity
161,184
159,103
153,000
+1.3%
Fixed assets
4,108
3,938
3,875
+4.3%
Goodwill
2,749
3,024
3,198
-9.1%
Intangible assets
796
854
817
-6.8%
Securities held for sale or to maturity
3,710
4,381
4,844
-15.3%
Loans
57,545
69,184
65,977
-16.8%
Cash and equivalents
23,239
n/a
n/a
Other assets
69,037
77,722
74,289
-11.2%
Total assets
161,184
159,103
153,000
+1.3%
10-K for the year ended 31 December 2015, filed 16 February 2018: the filing.