American Express (AXP) FY2024 results: revenue $65.9 billion, up 9.0% on the year
American Express Co. (AXP) reported revenue of $65.9 billion for fiscal 2024, the year ended 31 December 2024, up 9.0% on the year before. Net income was $10.1 billion, up 21.0%, and diluted earnings per share $14.01. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2025.
Revenue
$65.9 billion
+9.0% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$10.1 billion
+21.0% on the year
FY2017FY2024
Diluted EPS
$14.01
+25.0% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
14,050
18,559
21,079
-24.3%
Capital expenditure
1,911
1,563
1,855
+22.3%
Free cash flow
12,139
16,996
19,224
-28.6%
Free cash flow margin
18.4%
28.1%
36.4%
Cash from investing
-24,402
-24,433
-33,689
Cash from financing
4,436
18,379
24,509
-75.9%
Depreciation and amortisation
1,676
1,651
1,626
+1.5%
Share-based compensation
504
450
375
+12.0%
Buybacks
6,020
3,650
3,502
+64.9%
Dividends paid
1,999
1,780
1,565
+12.3%
Dividend per share
$2.80
$2.40
$2.08
+16.7%
Diluted shares, weighted
713m
736m
752m
-3.1%
Shares outstanding at period end
702m
723m
743m
-2.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
30,264
28,057
24,711
+7.9%
Deposits
139,413
129,144
110,239
+8.0%
Short-term borrowings
1,374
1,293
1,348
+6.3%
Debt
49,715
47,866
42,573
+3.9%
Other liabilities
50,695
54,748
49,483
-7.4%
Total liabilities and equity
271,461
261,108
228,354
+4.0%
Fixed assets
5,371
5,138
5,215
+4.5%
Goodwill
4,187
3,851
3,786
+8.7%
Intangible assets
123
98.0
146
+25.5%
Investments
221
166
307
+33.1%
Cash and equivalents
40,640
46,596
33,370
-12.8%
Other assets
220,919
205,259
185,530
+7.6%
Total assets
271,461
261,108
228,354
+4.0%
10-K for the year ended 31 December 2024, filed 7 February 2025: the filing.