American Express Q3 2024 10-Q Filing
Ticker: AXP · Form: 10-Q · Filed: 2024-10-18T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, revenue, receivables
Related Tickers: AXP
TL;DR
**AXP Q3 2024 10-Q: Revenue streams and receivables detailed. Financials look solid.**
AI Summary
American Express Co. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance for the third quarter and the first nine months of the year, including revenue from credit card merchant discounts and card member services. Specific dollar amounts for these revenue streams and outstanding receivables are provided for the current and prior year periods.
Why It Matters
This filing provides investors with a detailed look at American Express's financial health and operational performance during the third quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 1.667B — Credit Card Merchant Discount Revenue (Q3 2024)
- 1.667B — Credit Card Merchant Discount Revenue (Q3 2023)
Key Players & Entities
- AMERICAN EXPRESS CO (company) — Filer
- 20240930 (date) — Reporting Period End Date
- 20241018 (date) — Filing Date
- 2126402000 (dollar_amount) — Business Phone Number
FAQ
What was American Express's total revenue from credit card merchant discounts for the third quarter of 2024?
The filing indicates that credit card merchant discount revenue for the third quarter of 2024 was $1.667 billion.
How does the credit card merchant discount revenue for Q3 2024 compare to Q3 2023?
The credit card merchant discount revenue for Q3 2024 was $1.667 billion, the same as for Q3 2023.
What is the reporting period end date for this 10-Q filing?
The conformed period of report is 20240930, meaning September 30, 2024.
When was this 10-Q filing submitted to the SEC?
This filing was submitted on 20241018, or October 18, 2024.
What are some of the key financial categories reported in this filing?
The filing reports on categories such as Credit Card Merchant Discount, Credit Card Member revenue, Processed Revenue, Card Member Receivables, and Cardmember Loans.
From the Filing
0000004962-24-000068.txt : 20241018 0000004962-24-000068.hdr.sgml : 20241018 20241018151016 ACCESSION NUMBER: 0000004962-24-000068 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 94 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241018 DATE AS OF CHANGE: 20241018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS CO CENTRAL INDEX KEY: 0000004962 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 02 Finance IRS NUMBER: 134922250 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-07657 FILM NUMBER: 241380408 BUSINESS ADDRESS: STREET 1: 200 VESEY STREET STREET 2: 50TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10285 BUSINESS PHONE: 2126402000 MAIL ADDRESS: STREET 1: 200 VESEY STREET STREET 2: 50TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10285 10-Q 1 axp-20240930.htm 10-Q axp-20240930 0000004962 --12-31 2024 Q3 false 1.667 1.667 0 0 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure axp:security axp:state 0000004962 2024-01-01 2024-09-30 0000004962 2024-10-15 0000004962 us-gaap:CreditCardMerchantDiscountMember 2024-07-01 2024-09-30 0000004962 us-gaap:CreditCardMerchantDiscountMember 2023-07-01 2023-09-30 0000004962 us-gaap:CreditCardMember 2024-07-01 2024-09-30 0000004962 us-gaap:CreditCardMember 2023-07-01 2023-09-30 0000004962 us-gaap:FinancialServiceOtherMember 2024-07-01 2024-09-30 0000004962 us-gaap:FinancialServiceOtherMember 2023-07-01 2023-09-30 0000004962 axp:ProcessedRevenueMember 2024-07-01 2024-09-30 0000004962 axp:ProcessedRevenueMember 2023-07-01 2023-09-30 0000004962 2024-07-01 2024-09-30 0000004962 2023-07-01 2023-09-30 0000004962 axp:CardMemberReceivablesMember 2024-07-01 2024-09-30 0000004962 axp:CardMemberReceivablesMember 2023-07-01 2023-09-30 0000004962 axp:CardmemberLoansMember 2024-07-01 2024-09-30 0000004962 axp:CardmemberLoansMember 2023-07-01 2023-09-30 0000004962 axp:OtherLoansAndOtherReceivablesMember 2024-07-01 2024-09-30 0000004962 axp:OtherLoansAndOtherReceivablesMember 2023-07-01 2023-09-30 0000004962 us-gaap:CreditCardMerchantDiscountMember 2024-01-01 2024-09-30 0000004962 us-gaap:CreditCardMerchantDiscountMember 2023-01-01 2023-09-30 0000004962 us-gaap:CreditCardMember 2024-01-01 2024-09-30 0000004962 us-gaap:CreditCardMember 2023-01-01 2023-09-30 0000004962 us-gaap:FinancialServiceOtherMember 2024-01-01 2024-09-30 0000004962 us-gaap:FinancialServiceOtherMember 2023-01-01 2023-09-30 0000004962 axp:ProcessedRevenueMember 2024-01-01 2024-09-30 0000004962 axp:ProcessedRevenueMember 2023-01-01 2023-09-30 0000004962 2023-01-01 2023-09-30 0000004962 axp:CardMemberReceivablesMember 2024-01-01 2024-09-30 0000004962 axp:CardMemberReceivablesMember 2023-01-01 2023-09-30 0000004962 axp:CardmemberLoansMember 2024-01-01 2024-09-30 0000004962 axp:CardmemberLoansMember 2023-01-01 2023-09-30 0000004962 axp:OtherLoansAndOtherReceivablesMember 2024-01-01 2024-09-30 0000004962 axp:OtherLoansAndOtherReceivablesMember 2023-01-01 2023-09-30 0000004962 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-09-30 0000004962 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2023-12-31 0000004962 2024-09-30 0000004962 2023-12-31 0000004962 axp:CardMemberReceivablesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-09-30 0000004962 axp:CardMemberReceivablesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2023-12-31 0000004962 axp:CardMemberReceivablesMember 2024-09-30 0000004962 axp:CardMemberReceivablesMember 2023-12-31 0000004962 axp:CardmemberLoansMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-09-30 0000004962 axp:CardmemberLoansMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2023-12-31 0000004962 axp:CardmemberLoansMember 2024-09-30 0000004962 axp:CardmemberLoansMember 2023-12-31 0000004962 axp:OtherLoansMember 2024-09-30 0000004962 axp:OtherLoansMember 2023-12-31 0000004962 2022-12-31 0000004962 2023-09-30 0000004962 2023-01-0