American Express said net income for the quarter with its year was $3.0 billion and diluted earnings per share (EPS) was $4.15, compared with $2.2 billion and $2.89 a year earlier. Second-quarter EPS included a gain of $0.66 per share from the sale of Accertify.

1. 01

   American Express said net income for the quarter with its year was $3.0 billion and diluted earnings per share (EPS) was $4.15, compared with $2.2 billion and $2.89 a year earlier. Second-quarter EPS included a gain of $0.66 per share from the sale of Accertify.

2. 02

   The company said adjusted EPS for Q2, excluding the gain from the sale of Accertify, was $3.49, up 21% from a year earlier. The company said adjusted EPS is a non-GAAP measure and that it finds the measure useful in evaluating ongoing operating performance.

3. 03

   Total revenues net of interest expense for Q2 were $16.3 billion, up 8% from $15.1 billion a year earlier, the company said. Billed business for the same quarter was $388.2 billion, up 5%.

4. 04

   The company said it is raising its full-year EPS outlook to $13.30 to $13.80 from the previous $12.65 to $13.15. It said it plans to increase marketing investment by about 15% over last year without using any of the transaction gain, and has decided to apply the entire gain to earnings.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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