The company said total revenues net of interest expense for Q2 were $17,856 million, up 9% from $16,333 million a year earlier. It also said it reaffirmed its full-year revenue growth outlook of 8 to 10% and its EPS outlook of $15.00 to $15.50.

1. 01

   The company said total revenues net of interest expense for Q2 were $17,856 million, up 9% from $16,333 million a year earlier. It also said it reaffirmed its full-year revenue growth outlook of 8 to 10% and its EPS outlook of $15.00 to $15.50.

2. 02

   American Express said net income for Q2 was $2,885 million (versus $3,015 million a year earlier), and diluted EPS was $4.08 (versus $4.15 a year earlier). Excluding the $0.66 gain from the sale of Accertify in the prior year, adjusted EPS rose 17% from $3.49 to $4.08.

3. 03

   The company said Billed Business for Q2 was $416.3 billion, up 7% from $388.2 billion a year earlier. Provisions for credit losses were $1.4 billion (versus $1.3 billion a year earlier), and the net write-off rate was 2.0% (versus 2.1% a year earlier).

4. 04

   The company said total expenses for Q2 were $12.9 billion, up 14% from a year earlier. It said its effective tax rate was 18.7% (versus 20.4% a year earlier), reflecting discrete tax benefits in the current quarter related to the resolution of prior-year tax items.

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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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