American Express Q4 Financial Highlights

American Express announced a significant 9% increase in its fourth-quarter revenue, totaling $17.2 billion, slightly surpassing market expectations.

Net Income and Earnings Per Share Growth

The company's net income saw a 12% rise year-over-year, amounting to $2.2 billion. Additionally, diluted earnings per share (EPS) experienced a remarkable 16% increase, from $2.62 to $3.04 per share, compared to the same period last year.

Full-Year Financial Performance

For the entire year, American Express reported a revenue of $65.9 billion, marking a 9% increase from the previous year. Net income grew by 21% to $10.1 billion, and diluted earnings per share soared by 25% to $14.01 each.

CEO's Outlook

"We ended the year with strong momentum, with billings growth accelerating to 8 percent in the fourth quarter, driven by increased spending from our consumer and commercial customers during the holiday season," stated CEO Stephen J. Squeri. He projected revenue growth between 8% to 10% for the full fiscal 2025.

Stock Market Response

Despite the positive financial results, the company's stock experienced a slight decrease of 0.27% during premarket trading.