American Express Company (NYSE: AXP) today reported third-quarter net income of $1.8 billion, or $2.27 per share, compared with net income of $1.1 billion, or $1.30 per share, a year ago. The company undertakes no obligation to update or revise any forward-looking statements. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. WebBased on the stats for American Express's Youtube channel, the total number of video views is around 82.6 Million, which means American Express has roughly made $82,581.00~$165,162.00 US dollars on Youtube already! NEW YORK--(BUSINESS WIRE)-- WebAmerican Express revenue for the twelve months ending December 31, 2022 was $55.625B, a 27.4% increase year-over-year. ($ in millions, except per share amounts, and where indicated), Average Diluted Common Shares Outstanding. After you add up all of the money required to pay bills and other expenses, you can determine how much of your net income is left over to save or to spend on other things. The increase primarily reflected higher customer engagement costs due to a rise in Card Member spending, higher marketing investments to continue building growth momentum, and higher usage of travel-related Card Member benefits. It employs 64000 people. Global Commercial Services reported third-quarter pretax income of $718 million, compared with $272 million a year ago. Data source: American Express. American Express and its main subsidiary, American Express Travel Related Services Company, Inc., are bank holding companies. Total revenues net of interest expense were $3.5 billion, up 23 percent from $2.8 billion a year ago. NEW YORK, October 23, 2000 -- American Express Company today reported quarterly net income of $737 million, up from $648 million in the same period a year ago. Peak Revenue $36.1B (2022) Global Merchant and Network Services reported first-quarter pretax income of $687 million, compared with $385 million a year ago. Key links to products, services and corporate responsibility information: personal cards, business cards, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, corporate responsibility and Environmental, Social, and Governance reports. The quarter primarily reflected growth in Card Member spending, as well as a rise in the average discount rate resulting from the change in the mix of spending driven by increased levels of travel and entertainment spending, compared to the prior year. computershare.com/investor. Corporate and Other reported a first-quarter pretax loss of $514 million, compared with a pretax loss of $212 million a year ago. American Express annual revenue for Its important to know your net income because its used for many purposes that may matter to you, including the following three examples. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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The change primarily reflected a significantly lower net reserve release in the current quarter compared with a year ago, partially offset by lower net write-offs in the current quarter, with credit metrics remaining near historic lows. American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. We added 3.3 million proprietary cards in the quarter, and saw acquisitions of U.S. Consumer Platinum and Gold cards and U.S. Business Platinum cards each hit record highs. This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. Media: Total expenses were $2.5 billion, up 14 percent from $2.2 billion a year ago, primarily reflecting higher customer engagement costs, which were driven by higher network volumes. This includes not only the money you can allocate to things like investments, college funds, and retirement savings, but also the money you can spend on nonessentials, such as vacations. The company undertakes no obligation to update or revise any forward-looking statements. All rights reserved, By Debra Donston-Miller | American Express, There are many different types of income, with many different labels. It may feel good to get a refund at tax time, but refunds mean that throughout the year youve had less net income to invest or spend. Please check your download folder. For the full year, the company reported net income of $8.1 billion, or $10.02 per share, compared with net income of $3.1 billion, or $3.77 per share, a year ago. Diluted earnings per share. For example, say your monthly gross income is $5,000. American Express generated a total of $30.1 billion revenues during 2016. Revenues jumped 25% from a year ago and Card Member spending accelerated from the previous quarter, reaching record highs for the third quarter. Global Merchant and Network Services reported third-quarter pretax income of $792 million, compared with $513 million a year ago. By Debra Donston-Miller | American ExpressCredit IntelFreelance Contributor. NEW YORK-- (BUSINESS WIRE)-- American Express Company (NYSE: AXP) today reported third-quarter net income of $1.8 billion, or $2.27 per share, compared with net income of $1.1 billion, or $1.30 per share, a year ago. The change primarily reflected a significantly lower net reserve release in the current quarter compared with a year ago, partially offset by lower net write-offs in the current quarter. You can sign up for additional alert options at any time. If you have questions, please consult your own professional legal, tax and financial advisors. The company's range of products and services include charge card, credit card and other payment and financing products, Merchant acquisition and processing, servicing and settlement, and point-of-sale marketing and information products and services for merchants, Network services, other fee services, including fraud prevention services and the design and operation of customer loyalty programs, Expense management products and services and Travel-related services. Revenues were up 29 percent year-over-year, driven by Card Member spending growth of 35 percent globally on an FX-adjusted basis, with volumes reaching a monthly record high in March. Usually, its the same amount as your take-home pay. WebAXP | American Express Co. The forward-looking statements, which address American Express Companys current expectations regarding business and financial performance, among other matters, contain words such as believe, expect, anticipate, intend, plan, aim, will, may, should, could, would, likely and similar expressions. Customer engagement costs were up due to an increase in Card Member spending, higher marketing investments to continue building growth momentum, and higher usage of travel-related Card Member benefits. Live audio and presentation slides for the investor conference call will be available to the general public on the above-mentioned American Express Investor Relations website. The credit-card company said revenue net of interest expense was $8.8 billion. (Millions, except percentages and per share amounts), Average Diluted Common Shares Outstanding. For the three months ended December 31, American Express reported net income of $US637 million, or 56 US cents per share. Planning for the future: Knowing your net income and how much of it is available after expenses will help you plan for your short- and long-term financial future. Total expenses were $1.9 billion, up 17 percent from $1.6 billion a year ago, primarily reflecting higher customer engagement costs, which were driven by higher network volumes and increased usage of travel-related benefits. Notes: American Express annual net income for 2022 Popular Screeners Screens. American Express Co's average earning assets for the quarter that ended in Dec. 2022 That compares with net income of $US1.2 billion, or $US1.01 per share, in the same period last year. Third-quarter consolidated total revenues net of interest expense were $13.6 billion, up 24 percent from $10.9 billion a year ago. This earnings release should be read in conjunction with the companys statistical tables for the third quarter 2022, available on the American Express Investor Relations website at American Express on Thursday said its fourth-quarter net income fell 47 percent, as the credit card issuer racked up hefty charges related to restructuring costs and other one-time expenses. Total revenues net of interest expense were $1.7 billion, up 26 percent from $1.3 billion a year ago, primarily reflecting an increase in network volumes. This presentation contains certain forward-looking statements that are subject to risks and uncertainties and speak only as of the date on which they are made. The increase was primarily driven by increased Card Member spending. Goods and Services spending, which is the largest category of spending on our network, continued to accelerate in the quarter, growing 21 percent on an FX-adjusted basis over last year. Even Amex might not set a minimum income as it's just part of a credit pic ture. Operating expenses also increased, primarily reflecting higher technology, servicing and compensation costs. factors beyond the companys control such as a further escalation of the military conflict between Russia and Ukraine, future waves of COVID-19 cases, the severity and contagiousness of new variants, severe weather conditions, natural disasters, power loss, disruptions in telecommunications, terrorism and other catastrophic events, any of which could significantly affect demand for and spending on American Express cards, delinquency rates, loan and receivable balances and other aspects of the companys business and results of operations or disrupt its global network systems and ability to process transactions. To manage it wisely, its considered a best practice to create a monthly budget. Corporate and Other reported a third-quarter pretax loss of $285 million, compared with a pretax loss of $359 million a year ago. View AXP financial statements in full. The forward-looking statements, which address American Express Companys current expectations regarding business and financial performance, including managements outlook for 2022, expectations for 2023 and aspirations for 2024 and beyond, among other matters, contain words such as believe, expect, anticipate, intend, plan, aim, will, may, should, could, would, likely and similar expressions. 2023 American Express. Andrew R. Johnson, [emailprotected], +1.212.640.8610 Leah M. Gerstner, [emailprotected], +1.212.640.3174 By providing your email address below, you are providing consent to American Express Company to send you the requested Investor Email Alert updates. Get the detailed income statement for American Express Company (AXP). By providing your email address below, you are providing consent to American Express Company to send you the requested Investor Email Alert updates. Foreign Associates. Consolidated expenses were $9.1 billion, up 34 percent from $6.7 billion a year ago, reflecting higher customer engagement costs primarily driven by a 30 percent increase in network volumes. The strength of our results, combined with the many opportunities we see for our business, reinforce our confidence in our ability to achieve our long-term growth plan aspirations.. The change reflected a reserve build of $203 million, compared with a $223 million reserve release a year ago, as well as higher net write-offs in the current quarter. Provisions for credit losses were $196 million, compared with a benefit of $67 million a year ago. << AXP Stock Performance Comparisons American Express Co's Comment on (212) 640-2000, (212) 640-5574 This earnings release should be read in conjunction with the companys statistical tables for the first quarter 2022, available on the American Express Investor Relations website at http://ir.americanexpress.com and in a Form 8-K furnished today with the Securities and Exchange Commission. Factors that could cause actual results to differ materially from these forward-looking statements, include, but are not limited to, the following: A further description of these uncertainties and other risks can be found in American Express Companys Annual Report on Form 10-K for the year ended December 31, 2020, the Quarterly Reports on Form 10-Q for the quarters ended March 31 and June 30, 2021 and the companys other reports filed with the Securities and Exchange Commission. Biggest Companies Most Profitable Best Performing Worst Performing 52-Week Highs 52-Week Lows Biggest Daily Gainers Biggest Daily Losers Most Active Today Best Growth Total revenues net of interest expense were $3.5 billion, up 31 percent from $2.7 billion a year ago, primarily reflecting growth in Card Member spending compared to the prior year. newspaper. For them, net income is not the only money they can spend. The material made available for you on this website, Credit Intel, is for informational purposes only and is not intended to provide legal, tax or financial advice. Country/region. The increase primarily reflected higher customer engagement costs, driven by a 19 percent increase in network volumes and higher usage of travel-related benefits. # - Denotes a variance of 100 percent or more. Travel and Entertainment spending was up 121 percent on an FX-adjusted basis over a year ago and essentially reached pre-pandemic levels globally for the first time in March, driven by continued strength in consumer travel. For the three months ended December 31, American Express reported net income of $US637 million, or 56 US cents per share. That means the perks you use must likely be high valued enough to make it worth the cost. AXP 177.30 -0.64(-0.36%) Will AXP be The consolidated effective tax rate was 25.5 percent, up from 21.3 percent a year ago. ______________________________ First-Quarter Earnings Per Share Was $2.73, Company Reaffirms 2022 Revenue and EPS Guidance. You must click the activation link in order to complete your subscription. 1 Diluted earnings per common share (EPS) was reduced by the impact of (i) earnings allocated to participating share awards and other items of $16 million and $15 million for the three months ended March 31, 2022 and 2021, respectively, and, (ii) dividends on preferred shares of $14 million for both the three months ended March 31, 2022 and 2021. AXP has generated $9.84 earnings per share over the last four quarters. Louisville, KY 40233-5000 No one here is going to know that answer. factors beyond the companys control such as a further escalation of the military conflict between Russia and Ukraine, future waves of COVID-19 cases, the severity and contagiousness of new variants, severe weather conditions, natural disasters, power loss, disruptions in telecommunications, terrorism and other catastrophic events, any of which could significantly affect demand for and spending on American Express cards, delinquency rates, loan and receivable balances and other aspects of the companys business and results of operations or disrupt its global network systems and ability to process transactions. This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. Adjusted gross income is simply all the money you made for a year minus special adjustments the IRS allows to help lower taxes. WebNet Income from Continuing & Discontinued Operation 7,514,000 7,514,000 8,060,000 3,135,000 6,759,000 Normalized Income 7,625,328 7,625,328 8,067,540 3,226,250 Why? [CDATA[ Total revenues net of interest expense were $1.4 billion, up 30 percent from $1.1 billion a year ago, primarily reflecting an increase in network volumes compared to the prior year. American Express peak revenue was $36.1B in 2021. Because its the amount of income you actually get to spend on the things you need and want, from paying the rent or mortgage to your, In general, income is the money you earn on a regular basis. The growth was powered by consumer and small business spending on goods and services, which grew 19% over Q3 2019 on an FX-adjusted basis. Unlike gross income, which is all the money you earn, net income is the money you actually get to decide how to spend and save. International Card Services reported third-quarter pretax income of $166 million, compared with $269 million a year ago. 1-800-463-5911 American Express annual operating income for 2022 was $9.585B, a 10.33% decline from 2021. WebNet income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses. Sale. Global Consumer Services Group reported first-quarter pretax income of $1.7 billion, compared with $2.1 billion a year ago. Provisions for credit losses resulted in a benefit of $126 million, primarily reflecting a portion of the previously mentioned reserve releases and lower net write-offs, compared with a provision expense of $411 million a year ago. These results are in line with our expectations for the full year, and we are reaffirming our full-year guidance of 18 to 20 percent revenue growth and earnings per share between $9.25 and $9.65.. ":"&")+"url="+encodeURIComponent(b)),f.setRequestHeader("Content-Type","application/x-www-form-urlencoded"),f.send(a))}}},s=function(){var b={},d=document.getElementsByTagName("IMG");if(0==d.length)return{};var a=d[0];if(! American Express Reports Third-Quarter Revenue of $10.9 Billion and Earnings Per Share Of $2.27, Environmental, Social, and Governance reports. If your monthly income and expenses are regular, multiply your monthly In the less traditional but growing gig economy, people earn money from multiple part-time, temporary, or freelance positions. ("naturalWidth"in a&&"naturalHeight"in a))return{};for(var c=0;a=d[c];++c){var e=a.getAttribute("pagespeed_url_hash");e&&(! American Express' Net Income Margin, which should improve considerably going forward from lower corporate tax rates due to the recent U.S. tax reform. American Express Company (NYSE: AXP) today reported first-quarter net income of $2.1 billion, or $2.73 per share, compared with net income of $2.2 billion, or $2.74 per share, a year ago. Melanie L. Michel, [emailprotected], +1.212.640.5574, 200 Vesey Street After submitting your request, you will receive an activation email to the requested email address. Provisions for credit losses were $21 million, compared with a benefit of $161 million a year ago. An investor conference call will be held at 8:30 a.m. (ET) today to discuss first-quarter results. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress. For the fourth quarter of 2012 American Express net income fell 47% to $637 million on revenue of $7.5 billion, a 2% jump. Net Income: US$3.14 billion (2020) [1] Market Capitalization: $95.9B: Total Assets: US$191.37 billion (2020) [1] Ticker: AXP: American Express Jobs The increase primarily reflected growth in Card Member spending compared to the prior year. The initiation fee is $10,000 on top of a $5,000 annual fee. Excluding the after-tax charges, American Express' earnings amounted to $US1.09 per share. (function(){var g=this,h=function(b,d){var a=b.split(". THE NUMBERS: For the three months ended Dec. 31, net income fell to $637 million, or 56 cents per share. That compares with net income of $US1.2 billion, or $US1.01 per share, in the same period last year. For the full year, the company reported net income of $8.1 billion, or $10.02 per share, compared with net income of $3.1 billion, or $3.77 per share, a year ago. Get comparison charts for tons of financial metrics! The change in provisions primarily reflected credit reserve releases of $393 million and lower net write-offs in the current quarter. After extensive research and analysis, Zippia's data science team found the following key financial metrics. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. The increase primarily reflected higher customer engagement costs due to a rise in Card Member spending and higher marketing investments to continue building growth momentum. Our strong first-quarter results demonstrated the continued business momentum weve achieved over the last several quarters despite the uncertain macro environment, said Stephen J. Squeri, Chairman and Chief Executive Officer. Total revenues net of interest expense were $6.9 billion, up 27 percent from $5.4 billion a year ago. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. For example, if last year you earned $100,000 in salary, $1,000 in interest income, and There are many types of income, but one of the most important when it comes to both day-to-day spending and budgeting for the future is net income. [11] In 2020, Fortune magazine placed the company ninth in their list of Top 100 Companies to Work For feature, based on an employee survey of satisfaction. Annual Income Statement - WSJ Subscribe Sign In American Express Co. AXP (U.S.: NYSE) View All companies REAL TIME 1:56 PM This could include but is not limited to salary, bonuses, tips, hourly wages, rental income, dividends from stocks and bonds, and savings account interest. Dont be confused by the fact that businesses also have net income. $1.47. Prior periods have been revised to conform to the new operating segments, which are as follows: Corporate functions and certain other businesses and operations are included in Corporate and Other. As a member, you walk on water with them. The company offers business travel-related services through its non-consolidated joint venture, American Express Global Business Travel. Your monthly net income could be calculated as follows: $5,000 - ($600 + $200 + $200 + $100) = $3,900. Biggest Companies Most Profitable Best Performing Worst Performing 52-Week Highs 52-Week Lows Biggest Daily Gainers Biggest Daily Losers Most Active Today Best Growth All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. As with the Amex Platinum and The Business Platinum Card from American Express ($595 annual fee; $695 if application is received on or after 01/13/2022) (see rates and fees), the Centurion Card really delivers when it comes to Our credit metrics also remained strong even as we steadily rebuild loan balances, with delinquencies and write-offs continuing to be low. Creating a budget: Your net income is the actual amount of money you have to spend. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. American Express reported a total net income of $5.4 billion during 2016. Our strong third quarter results once again reflect accelerating momentum in our core business and outstanding credit performance, enabled by the strategic decisions weve made over the last several years, said Stephen J. Squeri, Chairman and Chief Executive Officer. Total expenses were $870 million, up 8 percent from $809 million a year ago, primarily reflecting higher network volumes in the current quarter and a release of reserves in the prior year for merchant exposure associated with Card Member travel-related purchases earlier in the COVID-19 pandemic. WebIn 2017, Forbes named American Express the most valuable brand in global financial services, and 23rd overall, with an estimate brand value of US$24.5 billion. NEW YORK-- (BUSINESS WIRE)-- American Express Company (NYSE: AXP) today reported first-quarter net income of $2.2 billion, or $2.74 per share, How Is Net Income Different than Gross Income? How do I Earn Membership Rewards Points? Were operating from a position of strength, and we see more opportunity ahead to drive sustainable, long-term growth. Gaining insight into discretionary income whats left of take-home pay after your lifes necessities are paid for can help you be more financially fit. Total revenues net of interest expense were $6.4 billion, up 21 percent from $5.3 billion a year ago. the companys ability to achieve its 2022 earnings per common share (EPS) outlook, grow earnings in the future and execute on its growth plan, which will depend in part on revenue growth, credit performance and the effective tax rate remaining consistent with current expectations and the companys ability to continue investing at high levels in areas that can drive sustainable growth (including its brand, value propositions, customers, colleagues, technology and coverage), controlling operating expenses, effectively managing risk and executing its share repurchase program, any of which could be impacted by, among other things, the factors identified in the subsequent paragraphs as well as the following: macroeconomic conditions, such as recession risks, effects of inflation, labor shortages, supply chain issues, higher interest rates and energy costs and the continued effects of the pandemic; the military conflict between Russia and Ukraine and related geopolitical impacts; issues impacting brand perceptions and the companys reputation; the impact of any future contingencies, including, but not limited to, restructurings, investment gains or losses, impairments, changes in reserves, legal costs and settlements, the imposition of fines or civil money penalties and increases in Card Member remediation; impacts related to new or renegotiated cobrand and other partner agreements; and the impact of regulation and litigation, which could affect the profitability of the companys business activities, limit the companys ability to pursue business opportunities, require changes to business practices or alter the companys relationships with Card Members, partners and merchants; the companys ability to achieve its 2022 revenue growth outlook, its revenue growth expectations for 2023 and its revenue growth aspirations for 2024 and beyond, which could be impacted by, among other things, the factors identified above and in the subsequent paragraphs as well as the following: a deterioration in macroeconomic conditions; consumer and business spending volumes, including in T&E categories and by large and global corporate clients, not growing in line with expectations; the strengthening of the U.S. dollar beyond expectations; an inability to address competitive pressures, invest with a longer-term view and implement strategies and business initiatives, including within the premium consumer space, commercial payments, the global merchant network and digital environment; uncertainty regarding the continued spread of COVID-19 (including new variants) and the availability, distribution and use of effective treatments and vaccines; prolonged measures to contain the spread of COVID-19 (including travel restrictions), concern of the possible imposition of further containment measures and health concerns associated with the pandemic continuing to affect customer behaviors and travel patterns and demand, any of which could further exacerbate the effects on economic activity and travel-related revenues; and merchant discount rates changing by a greater or lesser amount than expected; net card fees not performing consistently with expectations, which could be impacted by, among other things, a deterioration in macroeconomic conditions impacting the ability and desire of Card Members to pay card fees; higher Card Member attrition rates; the pace of Card Member acquisition activity; and the companys inability to address competitive pressures, develop attractive value propositions and implement its strategy of refreshing card products and enhancing benefits and services; net interest income and the growth rate of loans outstanding being higher or lower than expectations, which could be impacted by, among other things, the behavior of Card Members and their actual spending, borrowing and paydown patterns; the companys ability to effectively manage risk and enhance Card Member value propositions; changes in benchmark interest rates; changes in capital and credit market conditions and the availability and cost of capital; credit actions, including line size and other adjustments to credit availability; the yield on Card Member loans not remaining consistent with current expectations; and the effectiveness of the companys strategies to capture a greater share of existing Card Members spending and borrowings, and attract new, and retain existing, customers; future credit performance, the level of future delinquency and write-off rates and the amount and timing of future reserve builds and releases, which will depend in part on changes in consumer behavior that affect loan and receivable balances (such as paydown and revolve rates); macroeconomic factors such as unemployment rates, GDP and the volume of bankruptcies; the ability and willingness of Card Members to pay amounts owed to the company, particularly as forbearance and government support programs end; the enrollment in, and effectiveness of, financial relief programs and the performance of accounts as they exit from such programs; collections capabilities and recoveries of previously written-off loans and receivables; and governmental actions that provide forms of relief with respect to certain loans and fees, such as limiting debt collections efforts and encouraging or requiring extensions, modifications or forbearance; the actual amount the company spends on marketing in 2022 and beyond, which will be based in part on continued changes in the macroeconomic and competitive environment and business performance; the effectiveness of managements investment optimization process, managements identification and assessment of attractive investment opportunities and the receptivity of Card Members and prospective customers to advertising and customer acquisition initiatives; the companys ability to balance expense control and investments in the business; and managements ability to drive increases in revenues and realize efficiencies and optimize investment spending; the actual amount to be spent on Card Member rewards and services and business development, and the relationship of these variable customer engagement costs to revenues, which could be impacted by continued changes in macroeconomic conditions and Card Member behavior as it relates to their spending patterns (including the level of spend in bonus categories), the redemption of rewards and offers (including travel redemptions) and usage of travel-related benefits; the costs related to reward point redemptions; higher-than-expected customer remediation expenses; inflation; further enhancements to product benefits to make them attractive to Card Members and prospective customers, potentially in a manner that is not cost effective; new and renegotiated contractual obligations with business partners; and the pace and cost of the expansion of the companys global lounge collection; the companys ability to control operating expenses and the actual amount spent on operating expenses in 2022 and beyond, which could be impacted by, among other things, salary and benefit expenses to attract and retain talent, including with respect to an increased colleague headcount; a persistent inflationary environment; managements decision to increase or decrease spending in such areas as technology, business and product development, sales force, premium servicing and digital capabilities depending on overall business performance; the companys ability to innovate efficient channels of customer interactions and the willingness of Card Members to self-service and address issues through digital channels; the companys ability to increase automation more generally and leverage and grow its scale; restructuring activity; supply chain issues; fraud costs; information security or compliance expenses or consulting, legal and other professional services fees, including as a result of litigation or internal and regulatory reviews; the level of M&A activity and related expenses; information or cyber security incidents; the payment of civil money penalties, disgorgement, restitution, non-income tax assessments and litigation-related settlements; the performance of Amex Ventures investments; impairments of goodwill or other assets; and the impact of changes in foreign currency exchange rates on costs; the companys tax rate not remaining consistent with current levels, which could be impacted by, among other things, changes in tax laws and regulation, the companys geographic mix of income, unfavorable tax audits and other unanticipated tax items; changes affecting the companys plans regarding the return of capital to shareholders, which will depend on factors such as capital levels and regulatory capital ratios; changes in the stress testing and capital planning process and new guidance from the Federal Reserve; results of operations and financial condition; credit ratings and rating agency considerations; and the economic environment and market conditions in any given period; changes in the substantial and increasing worldwide competition in the payments industry, including competitive pressure that may materially impact the prices charged to merchants that accept American Express cards, the desirability of the companys premium card products, competition for new and existing cobrand relationships, competition from new and non-traditional competitors and the success of marketing, promotion and rewards programs; a failure in or breach of the companys operational or security systems, processes or infrastructure, or those of third parties, including as a result of cyberattacks, which could compromise the confidentiality, integrity, privacy and/or security of data, disrupt the companys operations, reduce the use and acceptance of American Express cards and lead to regulatory scrutiny, litigation, remediation and response costs, and reputational harm; legal and regulatory developments, which could affect the profitability of the companys business activities; limit the companys ability to pursue business opportunities or conduct business in certain jurisdictions; require changes to business practices or alter the companys relationships with Card Members, partners, merchants and other third parties, including its ability to continue certain cobrand relationships in the EU; exert further pressure on the average discount rate and the companys GNS business; result in increased costs related to regulatory oversight, litigation-related settlements, judgments or expenses, restitution to Card Members or the imposition of fines or civil money penalties; materially affect capital or liquidity requirements, results of operations or ability to pay dividends; or result in harm to the American Express brand; and.

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