American Express (AXP) Tops Q3 EPS by 12c, Raises FY Guidance

American Express Reports Third-Quarter EPS of $1.88

October 18, 2018 4:05 PM EDT

Revenues Rise 9%, Driven by Growth in Card Member Spending, Loans, and Fee Income

Company Raises Full-Year 2018 EPS Guidance

NEW YORK--(BUSINESS WIRE)-- American Express Company (NYSE: AXP) today reported third-quarter net income of $1.7 billion, up 22 percent from $1.4 billion a year ago. Diluted earnings per share was $1.88, up 25 percent from $1.51 per share a year ago.

(Millions, except percentages and per share amounts)

Quarters Ended
September 30,

Percentage
Inc/(Dec)

Nine Months Ended
September 30,

Percentage
Inc/(Dec)

2018 2017 2018 2017 Total Revenues Net of Interest Expense $ 10,144 $ 9,290 9 $ 29,864 $ 27,171 10 Net Income $... More