American Express (AXP) FY2022 results: revenue $52.9 billion, up 24.7% on the year
American Express Co. (AXP) reported revenue of $52.9 billion for fiscal 2022, the year ended 31 December 2022, up 24.7% on the year before. Net income was $7.5 billion, down 6.8%, and diluted earnings per share $9.85. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2023.
Revenue
$52.9 billion
+24.7% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$7.5 billion
-6.8% on the year
FY2015FY2022
Diluted EPS
$9.85
-1.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
21,079
14,645
5,591
+43.9%
Capital expenditure
1,855
1,550
1,478
+19.7%
Free cash flow
19,224
13,095
4,113
+46.8%
Free cash flow margin
36.4%
30.9%
11.4%
Cash from investing
-33,689
-10,529
11,632
Cash from financing
24,509
-14,933
-9,068
Depreciation and amortisation
1,626
1,695
1,543
-4.1%
Share-based compensation
375
330
249
+13.6%
Buybacks
3,502
7,652
1,029
-54.2%
Dividends paid
1,565
1,448
1,474
+8.1%
Dividend per share
$2.08
$1.72
$1.72
+20.9%
Diluted shares, weighted
752m
790m
806m
-4.8%
Shares outstanding at period end
743m
761m
805m
-2.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
24,711
22,177
22,984
+11.4%
Deposits
110,239
84,382
86,875
+30.6%
Short-term borrowings
1,348
2,243
1,878
-39.9%
Debt
42,573
38,675
42,952
+10.1%
Other liabilities
49,483
41,523
36,678
+19.2%
Total liabilities and equity
228,354
189,000
191,367
+20.8%
Fixed assets
5,215
4,988
5,015
+4.6%
Goodwill
3,786
3,804
3,852
-0.5%
Intangible assets
146
201
265
-27.4%
Investments
307
188
157
+63.3%
Cash and equivalents
33,370
21,503
32,965
+55.2%
Other assets
185,530
158,316
149,113
+17.2%
Total assets
228,354
189,000
191,367
+20.8%
10-K for the year ended 31 December 2022, filed 10 February 2023: the filing.