10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
AMERICAN EXPRESS CO | |||
Ticker: AXP Fiscal Year: 2022 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues | |||
| Non-interest revenues | |||
| Total non-interest revenues | $ 42,967 | 34,630 | 28,102 |
| Interest income | |||
| Interest on loans | 11,967 | 8,850 | 9,779 |
| Interest and dividends on investment securities | 96 | 83 | 127 |
| Deposits with banks and other | 595 | 100 | 177 |
| Total interest income | 12,658 | 9,033 | 10,083 |
| Interest expense | |||
| Deposits | 1,527 | 458 | 943 |
| Long-term debt and other | 1,236 | 825 | 1,155 |
| Total interest expense | 2,763 | 1,283 | 2,098 |
| Net interest income | 9,895 | 7,750 | 7,985 |
| Total revenues net of interest expense | 52,862 | 42,380 | 36,087 |
| Provisions for credit losses | |||
| Provisions for credit losses | 2,182 | (1,419) | 4,730 |
| Total revenues net of interest expense after provisions for credit losses | 50,680 | 43,799 | 31,357 |
| Expenses | |||
| Card Member rewards | 14,002 | 11,007 | 8,041 |
| Business development | 4,943 | 3,762 | 3,051 |
| Card Member services | 2,959 | 1,993 | 1,230 |
| Marketing | 5,458 | 5,291 | 3,696 |
| Salaries and employee benefits | 7,252 | 6,240 | 5,718 |
| Other, net | 6,481 | 4,817 | 5,325 |
| Total expenses | 41,095 | 33,110 | 27,061 |
| Pretax income | 9,585 | 10,689 | 4,296 |
| Income tax provision | 2,071 | 2,629 | 1,161 |
| Net income | 7,514 | 8,060 | 3,135 |
| Earnings per Common Share | |||
| Basic (in dollars per share) | 9.86 | 10.04 | 3.77 |
| Diluted (in dollars per share) | 9.85 | 10.02 | 3.77 |
| Average common shares outstanding for earnings per common share: | |||
| Basic (in shares) | 751 | 789 | 805 |
| Diluted (in shares) | 752 | 790 | 806 |
| Product and Service | |||
| Discount revenue | |||
| Total non-interest revenues | 30,739 | 24,563 | 19,435 |
| Net card fees | |||
| Total non-interest revenues | 6,070 | 5,195 | 4,664 |
| Service fees and other revenue | |||
| Total non-interest revenues | 4,521 | 3,316 | 2,702 |
| Processed revenue | |||
| Total non-interest revenues | 1,637 | 1,556 | 1,301 |
| Class of Financing Receivable, Type | |||
| Card Member receivables | |||
| Provisions for credit losses | 627 | (73) | 1,015 |
| Card Member loans | |||
| Provisions for credit losses | 1,514 | (1,155) | 3,453 |
| Other | |||
| Provisions for credit losses | 41 | (191) | 262 |
| External Links | |
| AMERICAN EXPRESS CO (AXP) Fiscal Year 2022 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |