The earnings call reflects a strong financial performance with record revenue growth and increased EPS guidance. Product refreshes and international growth are key drivers, although organic spend growth remains flat, posing a potential challenge.

Company Guidance

During the American Express Q3 2024 earnings call, the company provided updated guidance reflecting strong financial performance. Earnings per share (EPS) for the third quarter were recorded at $3.49, with revenues reaching $16.6 billion, marking an 8% increase over the previous year. Consequently, the company raised its full-year EPS guidance to a range between $13.75 and $14.05, up from the prior range of $13.30 to $13.80. Additionally, American Express maintained its expectation of full-year revenue growth around 9%, consistent with its initial guidance. The company highlighted its strategy of product refreshes, having already achieved its goal of refreshing 40 products globally, which is contributing to increased card acquisitions and enhanced customer engagement. Furthermore, card fee revenue grew by 18% this quarter, underscoring the success of these initiatives.

Record Revenue Growth

Revenues reached $16.6 billion, up 8% year-over-year, marking the tenth consecutive quarter of record revenues.

Increased EPS Guidance

Full-year EPS guidance was raised to between $13.75 and $14.05, up from $13.30 to $13.80, reflecting strong earnings generation.

Strong Card Fee Revenue Growth

Card fees revenue grew by 18% this quarter, driven by a focus on refreshing products and premium offerings.

Successful Product Refresh Strategy

Achieved the goal of refreshing 40 products globally, with a strong focus on the U.S. Consumer Gold Card, leading to high retention and new account acquisitions.

Robust International Growth

International card services recorded 13% spend growth, with top markets like Japan and Mexico growing at 17% and 15%, respectively.

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American Express (AXP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AXP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 24, 2025	2024 (Q4)	3.02 / -	2.62	―	―	―
Oct 18, 2024	2024 (Q3)	3.29 / 3.49	3.3	5.76% (+0.19)
Jul 19, 2024	2024 (Q2)	3.26 / 4.15	2.89	43.60% (+1.26)
Apr 19, 2024	2024 (Q1)	2.96 / 3.33	2.4	38.75% (+0.93)
Jan 26, 2024	2023 (Q4)	2.64 / 2.62	2.07	26.57% (+0.55)
Oct 20, 2023	2023 (Q3)	2.95 / 3.30	2.47	33.60% (+0.83)
Jul 21, 2023	2023 (Q2)	2.81 / 2.89	2.57	12.45% (+0.32)
Apr 20, 2023	2023 (Q1)	2.66 / 2.40	2.73	-12.09% (-0.33)
Jan 27, 2023	2022 (Q4)	2.23 / 2.07	2.18	-5.05% (-0.11)
Oct 21, 2022	2022 (Q3)	2.40 / 2.47	2.27	8.81% (+0.20)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AXP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 18, 2024	$285.78	$276.79	-3.15%
Jul 19, 2024	$248.55	$241.75	-2.74%
Apr 19, 2024	$216.29	$229.75	+6.22%
Jan 26, 2024	$186.44	$199.69	+7.11%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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