American Express (AXP) FY2021 results: revenue $42.4 billion, up 17.4% on the year
American Express Co. (AXP) reported revenue of $42.4 billion for fiscal 2021, the year ended 31 December 2021, up 17.4% on the year before. Net income was $8.1 billion, up 157.1%, and diluted earnings per share $10.02. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$42.4 billion
+17.4% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$8.1 billion
+157.1% on the year
FY2014FY2021
Diluted EPS
$10.02
+165.8% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
14,645
5,591
13,632
+161.9%
Capital expenditure
1,550
1,478
1,645
+4.9%
Free cash flow
13,095
4,113
11,987
+218.4%
Free cash flow margin
30.9%
11.4%
27.5%
Cash from investing
-10,529
11,632
-16,707
Cash from financing
-14,933
-9,068
-519
Depreciation and amortisation
1,695
1,543
1,188
+9.9%
Share-based compensation
330
249
283
+32.5%
Buybacks
7,652
1,029
n/a
+643.6%
Dividends paid
1,448
1,474
1,422
-1.8%
Dividend per share
$1.72
$1.72
$1.64
0.0%
Diluted shares, weighted
790m
806m
830m
-2.0%
Shares outstanding at period end
761m
805m
810m
-5.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
22,177
22,984
23,071
-3.5%
Deposits
84,382
86,875
73,287
-2.9%
Short-term borrowings
2,243
1,878
6,442
+19.4%
Debt
38,675
42,952
57,835
-10.0%
Other liabilities
41,523
36,678
37,686
+13.2%
Total liabilities and equity
189,000
191,367
198,321
-1.2%
Fixed assets
4,988
5,015
4,834
-0.5%
Goodwill
3,804
3,852
3,315
-1.2%
Intangible assets
201
265
267
-24.2%
Investments
188
157
223
+19.7%
Loans
n/a
n/a
84,998
Cash and equivalents
21,503
32,965
24,446
-34.8%
Other assets
158,316
149,113
80,238
+6.2%
Total assets
189,000
191,367
198,321
-1.2%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.