American Express Co Stock Price, News & Analysis

American Express (NYSE: AXP) has announced a quarterly dividend declaration for its Series D Preferred Stock. The company's Board of Directors has approved a dividend of $9,072.22 per share (equivalent to $9.07222 per Depositary Share) on the 3.550% Fixed Rate Reset Noncumulative Preferred Shares. The dividend will be paid on June 16, 2025, to shareholders recorded as of June 1, 2025.

American Express (NYSE: AXP) reported strong Q1 2025 results with net income of $2.6 billion, or $3.64 per share, up 9% from $3.33 per share a year ago. Total revenue reached $17.0 billion, increasing 7% year-over-year, or 8% on an FX-adjusted basis.

Key performance metrics include:

• Billed Business grew to $387.4 billion, up 6%
• Credit performance remained strong with a 2.1% net write-off rate
• Provisions for credit losses decreased to $1.2 billion from $1.3 billion

The company maintained its full-year 2025 guidance, projecting revenue growth of 8-10% and EPS of $15.00-$15.50. Consolidated expenses increased 10% to $12.5 billion, driven by higher variable customer engagement costs and increased usage of travel-related benefits.

American Express (NYSE: AXP) has announced two upcoming key events for investors. The company will host its first-quarter 2025 earnings conference call on Thursday, April 17, 2025, at 8:30 a.m. (ET). Financial results and presentation materials will be released at approximately 7:00 a.m. (ET) on the same day.

Additionally, AXP will hold its 2025 Annual Meeting of Shareholders virtually on Tuesday, April 29, 2025, at 9:00 a.m. (ET). Shareholders can participate using their 16-digit control number to listen, vote, and submit questions through the virtual meeting platform. Both events will be accessible via live audio webcast through the American Express Investor Relations website, with replay options available after each event.

American Express (NYSE: AXP) has announced an agreement to acquire Center, a software company specializing in expense management. The integration aims to create a seamless platform combining Center's software with American Express' corporate and small business cards.

Center's technology, operational since 2018, streamlines expense management by providing real-time visibility into employee spending, automating accounting tasks, and optimizing financial decision-making. According to the company, their customers' finance teams save approximately 90% of time previously spent on expense-related tasks.

The acquisition, expected to close in Q2 2025, will enhance American Express' commercial card payments capabilities by offering automated accounting and reconciliation, while maintaining compliance with company policies and maximizing reward benefits.

American Express (NYSE: AXP) has announced the election of Michael J. Angelakis to its Board of Directors, effective March 3, 2025. Angelakis, currently Chairman and CEO of Atairos, will serve on the Board's Audit and Compliance Committee and Nominating, Governance and Public Responsibility Committee.

Angelakis brings extensive experience in corporate finance and strategic investments, having previously served as Vice Chairman and CFO of Comcast from 2011 to 2015. He founded Atairos in 2016, a strategic investment company focused on growth-oriented businesses. His prior roles include Managing Director at Providence Equity Partners and Chairman of the Federal Reserve Bank of Philadelphia.

American Express (NYSE: AXP) announced a significant increase in its quarterly dividend payment. The company's Board of Directors approved a 17% increase in the quarterly dividend, raising it from $0.70 to $0.82 per common share.

This $0.12 increase aligns with the planned dividend enhancement discussed in American Express's fourth-quarter 2024 earnings release. The new dividend will be payable on May 9, 2025, to shareholders of record as of April 4, 2025.

American Express (NYSE: AXP) has announced that its Board of Directors has declared a quarterly dividend on the company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. The dividend amount is set at $8,875.00 per share, which equals $8.87500 per related Depositary Share. Shareholders who are on record as of March 1, 2025, will receive the dividend payment on March 17, 2025.

American Express (NYSE: AXP) reported strong financial results for FY 2024, with record revenues of $65.9 billion, up 9% year-over-year (10% FX-adjusted). The company achieved net income of $10.1 billion, representing a 21% increase, and earnings per share of $14.01, up 25% from the previous year.

Key highlights include record card member spending, record net card fee revenues, and 13 million new card acquisitions. Fourth quarter performance showed accelerated billings growth of 8%, driven by stronger holiday season spending. The company maintained strong credit performance with a net write-off rate of 2.0% for the full year.

Looking ahead to 2025, AXP projects revenue growth of 8-10% and EPS between $15.00-$15.50. The company plans to increase its quarterly dividend by 17% to $0.82 per common share.

American Express (NYSE: AXP) has announced its participation in the upcoming UBS Financial Services Conference scheduled for Monday, February 10, 2025, at 10:30 a.m. Eastern. The company will engage in discussions focusing on its business strategy and financial performance.

The event will be accessible to the public through a live audio webcast via the American Express Investor Relations website. For those unable to attend the live session, an audio replay will be made available on the same platform following the event.