American Express shares fell Friday after the financial services firm reported fourth-quarter results mostly in line with analysts' expectations.

Q4 2024 Earnings Call Transcript January 24, 2025 American Express Company beats earnings expectations. Reported EPS is $3.04, expectations were $3. Operator: Ladies and gentlemen, thank you for standing by.

A Business Overview and Contemporary Focus. Founded in 1850, American Express operates as a global services company focused on providing card payment and travel

The company posted fourth-quarter revenue (net of interest expense) growth of 9% year-on-year to $17.18 billion, topping the analyst consensus estimate of $17.16 billion. The increase was primarily driven by strong Card Member spending, higher net interest income supported by growth in revolving loan balances, and accelerated card fee growth.

AXP is likely to have witnessed a rise in network volumes during the fourth quarter, continuing the trend seen in the past quarters.

The credit card lender and network introduced guidance for 2025 EPS of $15.00-$15.50 (midpoint $15.25), compared with the consensus estimate of $15.22 and $13.35 reported in 2024 (excluding notable items). It expects 2025 revenue growth of 8%-10% from 2024's $65.9B, implying $71.2B-$72.5B ($71.6B consensus).