Welcome to our dedicated page for American Express Co news (Ticker: AXP), a resource for investors and traders seeking the latest updates and insights on American Express Co stock.
American Express Company (NYSE: AXP) is a global payments and premium lifestyle brand that regularly issues news about its business strategy, customer programs and financial performance. Founded in 1850 and headquartered in New York, the company emphasizes trust, security and service, and communicates frequently with investors and customers through press releases and webcasts.
On this page, readers can follow American Express news covering topics such as earnings conference call announcements, dividend declarations and participation in financial services conferences. The company often announces dates for quarterly earnings webcasts and other investor events, providing insight into how management discusses business trends and financial results.
American Express also releases news about its support for small businesses and communities, including grant programs for small and independently owned restaurants and Shop Small initiatives. Additional coverage includes programs like the American Express Leadership Academy for nonprofit leaders and partnerships that expand access to dining, travel and entertainment experiences, such as activities around major sporting events and collaborations with platforms like Resy.
Updates on technology and commercial solutions, including partnerships to enhance virtual card issuance and real-time transaction data for expense management, are another recurring theme in the company’s news flow. Investors and observers can use this news page to monitor how American Express presents its brand, customer initiatives and product capabilities over time. For those tracking AXP stock, the news feed offers a centralized view of company announcements that may inform their understanding of the business.
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.
American Express (NYSE: AXP) has announced plans to host two live audio webcasts for its upcoming earnings releases. The first webcast, scheduled for January 24, 2025, at 8:30 a.m. ET, will discuss fourth quarter and full year 2024 financial results. The second webcast, planned for April 17, 2025, at 8:30 a.m. ET, will cover first quarter 2025 financial results. Financial results and presentation materials will be released at approximately 7 a.m. ET before each conference call on the company's Investor Relations website. Audio replays will be available after both calls.
American Express (NYSE: AXP) has announced its regular quarterly dividend of $0.70 per common share. The dividend will be payable on February 10, 2025, to shareholders who are on record as of January 3, 2025.
American Express (NYSE: AXP) announced that Chairman and CEO Stephen J. Squeri will participate in the Goldman Sachs U.S. Financial Services Conference in New York. The event will take place on Tuesday, December 10, 2024, at 09:20 a.m. Eastern. Squeri will engage in a fireside chat discussing the company's business strategy and financial performance. The public can access a live audio webcast through the American Express Investor Relations website, with an audio replay available after the event.