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American Express | 10-Q: Q3 2024 Earnings Report

American Express | 10-Q: Q3 2024 Earnings Report

美国运通 | 10-Q：2024财年三季报
美股SEC公告 ·  10/19 03:14

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American Express reported a 2% increase in Q3 net income to $2.51 billion, or $3.49 per share, compared to $2.45 billion, or $3.30 per share, a year ago. Total revenues net of interest expense grew 8% to $16.64 billion, driven by a 6% rise in billed business and 18% growth in net card fees. Discount revenue, the company's largest revenue line, increased 4%.Card Member loans and receivables rose 10% year-over-year, with growth moderating sequentially. Provisions for credit losses increased to $1.36 billion from $1.23 billion last year, primarily due to higher net write-offs. However, net write-off and delinquency rates remained best-in-class, supported by American Express's premium global customer base and risk management.Marketing expenses rose 19% as the company continued investing in customer acquisition and growth initiatives. American Express maintained its capital ratios within the 10-11% target range and returned $2.4 billion to shareholders through share repurchases and dividends. The company expressed confidence in its business model despite macroeconomic uncertainties.
American Express reported a 2% increase in Q3 net income to $2.51 billion, or $3.49 per share, compared to $2.45 billion, or $3.30 per share, a year ago. Total revenues net of interest expense grew 8% to $16.64 billion, driven by a 6% rise in billed business and 18% growth in net card fees. Discount revenue, the company's largest revenue line, increased 4%.Card Member loans and receivables rose 10% year-over-year, with growth moderating sequentially. Provisions for credit losses increased to $1.36 billion from $1.23 billion last year, primarily due to higher net write-offs. However, net write-off and delinquency rates remained best-in-class, supported by American Express's premium global customer base and risk management.Marketing expenses rose 19% as the company continued investing in customer acquisition and growth initiatives. American Express maintained its capital ratios within the 10-11% target range and returned $2.4 billion to shareholders through share repurchases and dividends. The company expressed confidence in its business model despite macroeconomic uncertainties.
美国运通公司报告称，第三季度净利润同比增长2%，达25.1亿美金，或每股3.49美金，去年为24.5亿美金，或每股3.30美金。扣除利息支出后的总营业收入增长了8%，达到166.4亿美金，这主要得益于账单业务增长6%和净卡费增长18%。折扣收入是公司最大的收入项目，增长了4%。信用卡会员贷款和应收账款较上年同期增长10%，但增长速度有所放缓。由于净注销金额增加，信用损失准备从去年的12.3亿美金上升至13.6亿美金。然而，净注销率和逾期率仍然是行业最佳，这得益于美国运通的优质全球客户基础和风险管理。由于公司继续投资于客户获取和增长计划，市场营销费用增长了19%。美国运通保持其资本比率在10-11%的区间内，并通过回购股票和分红派息向股东返还了24亿美金。尽管存在宏观经济的不确定性，公司对其业务模式表示信心。
美国运通公司报告称，第三季度净利润同比增长2%，达25.1亿美金，或每股3.49美金，去年为24.5亿美金，或每股3.30美金。扣除利息支出后的总营业收入增长了8%，达到166.4亿美金，这主要得益于账单业务增长6%和净卡费增长18%。折扣收入是公司最大的收入项目，增长了4%。信用卡会员贷款和应收账款较上年同期增长10%，但增长速度有所放缓。由于净注销金额增加，信用损失准备从去年的12.3亿美金上升至13.6亿美金。然而，净注销率和逾期率仍然是行业最佳，这得益于美国运通的优质全球客户基础和风险管理。由于公司继续投资于客户获取和增长计划，市场营销费用增长了19%。美国运通保持其资本比率在10-11%的区间内，并通过回购股票和分红派息向股东返还了24亿美金。尽管存在宏观经济的不确定性，公司对其业务模式表示信心。
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