American Express (AXP) FY2016 results: revenue $35.4 billion, up 8.0% on the year
American Express Co. (AXP) reported revenue of $35.4 billion for fiscal 2016, the year ended 31 December 2016, up 8.0% on the year before. Net income was $5.4 billion, up 4.1%. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$35.4 billion
+8.0% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$5.4 billion
+4.1% on the year
FY2009FY2016
Diluted EPS
n/a
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
35,438
32,818
34,188
+8.0%
Interest expense
1,704
1,623
1,707
+5.0%
Pre-tax income
8,042
7,938
8,991
+1.3%
Income tax
2,667
2,775
3,106
-3.9%
Effective tax rate
33.2%
35.0%
34.5%
Net income
5,375
5,163
5,885
+4.1%
Net margin
15.2%
15.7%
17.2%
Diluted EPS
n/a
$5.05
$5.56
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
8,291
n/a
10,990
Capital expenditure
1,375
1,341
1,195
+2.5%
Free cash flow
6,916
n/a
9,795
Free cash flow margin
19.5%
n/a
28.7%
Depreciation and amortisation
1,095
1,043
1,012
+5.0%
Share-based compensation
254
234
290
+8.5%
Buybacks
4,400
4,500
4,389
-2.2%
Dividends paid
1,207
1,172
1,041
+3.0%
Dividend per share
$1.22
$1.13
$1.01
+8.0%
Diluted shares, weighted
935m
1,003m
1,051m
-6.8%
Shares outstanding at period end
904m
969m
1,023m
-6.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
20,501
20,673
20,673
-0.8%
Deposits
53,042
54,997
44,171
-3.6%
Short-term borrowings
5,581
4,812
3,480
+16.0%
Debt
46,990
48,061
57,955
-2.2%
Other liabilities
32,779
32,641
32,824
+0.4%
Total liabilities and equity
158,893
161,184
159,103
-1.4%
Fixed assets
4,433
4,108
3,938
+7.9%
Goodwill
2,927
2,749
3,024
+6.5%
Intangible assets
868
796
854
+9.0%
Securities held for sale or to maturity
3,108
3,710
4,381
-16.2%
Loans
64,042
57,545
69,184
+11.3%
Cash and equivalents
25,494
23,239
n/a
+9.7%
Other assets
58,021
69,037
77,722
-16.0%
Total assets
158,893
161,184
159,103
-1.4%
10-K for the year ended 31 December 2016, filed 16 February 2018: the filing.