The American Express Company revealed on Friday that its revenue in the final quarter observed an annual rise of 9% to reach $17.2 billion. The figure came in slightly above the market projections.
The company's net income increased by 12% compared to the year before, coming in at $2.2 billion. Diluted earnings per share (EPS) skyrocketed by 16%, in comparison to the same trimester the year before, going from $2.62 to $3.04 per share. The corporation's full-year revenue reached $65.9 billion, up 9% year-over-year. Its net income grew 21% to $10.1 billion, while diluted earnings per share soared 25% to $14.01 apiece.
"We exited the year with increased momentum, with billings growth accelerating to 8 percent in the fourth quarter, driven by stronger spending from our consumer and commercial customers during the holiday season," CEO Stephen J. Squeri stated, projecting revenue growth between 8% to 10% for the full fiscal 2025.
The company's stock traded 0.27% lower during the premarket trade.
