American Express Company
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 44.43B | 55.63B | 67.36B | 74.20B | 80.46B | 8.4% | |
| Cost of Revenue | (136.00M) | (4.95B) | (11.77B) | (13.44B) | (13.49B) | 0.4% | |
Gross Profit | 44.57B | 50.68B | 55.59B | 60.76B | 66.97B | 10.2% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (11.53B) | (12.71B) | (13.28B) | (14.24B) | (15.27B) | 7.2% | |
| General & Administrative | (6.24B) | (7.25B) | (8.07B) | (8.20B) | (9.02B) | 10.0% | |
| Selling & Marketing | (5.29B) | (5.46B) | (5.21B) | (6.04B) | (6.25B) | 3.5% | |
| Depreciation & Amortization | (1.70B) | (1.63B) | (1.65B) | (1.68B) | (1.78B) | 6.0% | |
Operating Income (EBIT) | 10.69B | 9.59B | 10.51B | 12.89B | 13.79B | 7.0% | |
| Non-Operating Items | |||||||
| Interest Income | 9.03B | 12.66B | 19.98B | 23.80B | 25.60B | 7.6% | |
| Interest Expense | (1.28B) | (2.76B) | (6.85B) | (8.25B) | (8.23B) | -0.2% | |
| Other Income/Expenses (Net) | — | — | — | — | — | — | |
Income Before Tax | 10.69B | 9.59B | 10.51B | 12.89B | 13.79B | 7.0% | |
| Income Tax Expense | (2.63B) | (2.07B) | (2.14B) | (2.77B) | (2.96B) | 7.1% | |
Net Income | 8.06B | 7.51B | 8.37B | 10.13B | 10.83B | 7.0% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $10 | $10 | $11 | $14 | $15 | 9.8% | |
| Weighted Avg Shares Outstanding | 789.00M | 751.00M | 735.00M | 713.00M | 695.00M | -2.5% | |
| Weighted Avg Shares Outstanding (Diluted) | 790.00M | 752.00M | 736.00M | 713.00M | 696.00M | -2.4% | |
EBITDA | 12.38B | 11.21B | 12.16B | 14.57B | 15.57B | 6.9% |
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