American Express Company reports news about a global payments and premium lifestyle brand that issues charge and credit card products, operates a merchant payment network, and serves consumers, small and mid-sized businesses, large corporations, and merchants. Company updates often cover earnings releases, Card Member spending and credit performance, dividend actions on common and preferred shares, investor presentations, and capital allocation.
American Express news also includes product and network developments tied to commercial cards, co-brand card programs, Membership experiences, merchant relationships, Resy dining initiatives, small-business education, and brand partnerships. These announcements reflect the company's model of combining payments, lending, merchant acceptance, rewards, and service experiences across its global network.
American Express (NYSE: AXP) announced a significant increase in its quarterly dividend payment. The company's Board of Directors approved a 17% increase in the quarterly dividend, raising it from $0.70 to $0.82 per common share.
This $0.12 increase aligns with the planned dividend enhancement discussed in American Express's fourth-quarter 2024 earnings release. The new dividend will be payable on May 9, 2025, to shareholders of record as of April 4, 2025.
American Express (NYSE: AXP) has announced that its Board of Directors has declared a quarterly dividend on the company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. The dividend amount is set at $8,875.00 per share, which equals $8.87500 per related Depositary Share. Shareholders who are on record as of March 1, 2025, will receive the dividend payment on March 17, 2025.
American Express (NYSE: AXP) reported strong financial results for FY 2024, with record revenues of $65.9 billion, up 9% year-over-year (10% FX-adjusted). The company achieved net income of $10.1 billion, representing a 21% increase, and earnings per share of $14.01, up 25% from the previous year.
Key highlights include record card member spending, record net card fee revenues, and 13 million new card acquisitions. Fourth quarter performance showed accelerated billings growth of 8%, driven by stronger holiday season spending. The company maintained strong credit performance with a net write-off rate of 2.0% for the full year.
Looking ahead to 2025, AXP projects revenue growth of 8-10% and EPS between $15.00-$15.50. The company plans to increase its quarterly dividend by 17% to $0.82 per common share.
American Express (NYSE: AXP) has announced its participation in the upcoming UBS Financial Services Conference scheduled for Monday, February 10, 2025, at 10:30 a.m. Eastern. The company will engage in discussions focusing on its business strategy and financial performance.
The event will be accessible to the public through a live audio webcast via the American Express Investor Relations website. For those unable to attend the live session, an audio replay will be made available on the same platform following the event.
American Express (NYSE: AXP) has announced plans to host two live audio webcasts for its upcoming earnings releases. The first webcast, scheduled for January 24, 2025, at 8:30 a.m. ET, will discuss fourth quarter and full year 2024 financial results. The second webcast, planned for April 17, 2025, at 8:30 a.m. ET, will cover first quarter 2025 financial results. Financial results and presentation materials will be released at approximately 7 a.m. ET before each conference call on the company's Investor Relations website. Audio replays will be available after both calls.
American Express (NYSE: AXP) has announced its regular quarterly dividend of $0.70 per common share. The dividend will be payable on February 10, 2025, to shareholders who are on record as of January 3, 2025.
American Express (NYSE: AXP) announced that Chairman and CEO Stephen J. Squeri will participate in the Goldman Sachs U.S. Financial Services Conference in New York. The event will take place on Tuesday, December 10, 2024, at 09:20 a.m. Eastern. Squeri will engage in a fireside chat discussing the company's business strategy and financial performance. The public can access a live audio webcast through the American Express Investor Relations website, with an audio replay available after the event.
American Express (NYSE: AXP) has announced its Board of Directors' declaration of a quarterly dividend on the company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. The dividend amount is set at $8,973.61 per share, equivalent to $8.97361 per related Depositary Share. Shareholders of record as of December 1, 2024, will receive the dividend payment on December 16, 2024.
American Express (NYSE: AXP) reported strong third-quarter results, with net income of $2.51 billion, or $3.49 per share, compared to $2.45 billion, or $3.30 per share, a year ago. The company achieved its 10th consecutive quarter of record revenue, rising 8% to $16.6 billion. Based on this performance, American Express raised its full-year 2024 EPS guidance to $13.75 - $14.05, up from $13.30 - $13.80 previously.
Key highlights include:
- Total Card Member spending increased 6%
- Card fee revenue growth accelerated to 18%
- 3.3 million new card acquisitions
- Completed 40 product refreshes globally since the beginning of the year
The company's continued momentum demonstrates the success of its product refresh strategy, particularly in attracting Millennial and Gen-Z consumers.
American Express Travel has unveiled its 2025 Trending Destinations list, featuring ten must-visit locations tailored for Millennial and Gen Z travelers. The list, based on global American Express Card Member travel bookings and expert insights, includes diverse destinations such as Brisbane, Australia; Brittany, France; and Moab, Utah.
To enhance travel experiences, American Express has expanded The Hotel Collection by 40%, now offering over 1,000 properties across 50 new destinations. Gold and Platinum Card Members booking through Amex Travel can enjoy benefits like room upgrades, early check-in, late check-out, and a $100 credit for eligible charges.
The company aims to provide comprehensive travel support through its global network of Travel Consultants, airport lounges, dining reservations via Resy, and extensive hotel programs.