American Express said net income for Q1 ended March 31, 2025 was $2.6 billion, or $3.64 per share, compared with net income of $2.4 billion, or $3.33 per share, a year ago.

10-QQuarterly reportFiled Apr 18, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

American Express said net income for Q1 ended March 31, 2025 was $2.6 billion, or $3.64 per share, compared with net income of $2.4 billion, or $3.33 per share, a year ago.
The company said total revenues net of interest expense for Q1 increased 7% year-over-year (8% on an FX-adjusted basis), with growth in billed business driving a 4% increase in Discount revenue.
American Express said provisions for credit losses for Q1 decreased, reflecting a modest reserve release, partially offset by higher net write-offs.
The company said it maintained its CET1 capital ratio within its target range of 10 to 11% during Q1 and returned $1.3 billion to shareholders in the form of share repurchases and common stock dividends.

Key figures

Quarter ended March 31, 2025

Revenue: $9.6B
Net income: $2.6B
EPS: $3.64
Operating cash flow: $4.8B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 Net Income and Earnings Per Share

American Express said net income for Q1 ended March 31, 2025 was $2.6 billion, or $3.64 per share, compared with net income of $2.4 billion, or $3.33 per share, a year ago.

Source · Based on the MD&A text of the filing

Revenue and Billed Business Growth

The company said total revenues net of interest expense for Q1 increased 7% year-over-year (8% on an FX-adjusted basis), with growth in billed business driving a 4% increase in Discount revenue.

Source · Based on the MD&A text of the filing

Decrease in Provisions for Credit Losses

American Express said provisions for credit losses for Q1 decreased, reflecting a modest reserve release, partially offset by higher net write-offs.

Source · Based on the MD&A text of the filing

Capital Return and CET1 Target Range

The company said it maintained its CET1 capital ratio within its target range of 10 to 11% during Q1 and returned $1.3 billion to shareholders in the form of share repurchases and common stock dividends.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.