(Finance) – American ExpressUS payments giant, recorded a net profit annual of $ 10.1 billion, or $ 14.01 per share, compared to the net profit of 8.4 billion dollars, or 11.21 dollars per action, last year. THE Total revenues Net of the expenses for interest for the entire year were 65.9 billion dollars, an increase of 9 percent year on year, or 10 percent on FX-Adjusted base. The increase was mainly determined by a net income from higher interests, supported by the growth of the sales of revolving loans, by the increase in the expense of the card holders and the continuous growth of the cards commissions.
For the Fourth quarter of 2024, the company recorded a net profit of 2.2 billion dollars, or $ 3.04 per share, compared to the net profit of 1.9 billion dollars, or 2.62 dollars per share, of the year last. The consolidated total revenues of the fourth quarter net of interest expenses were 17.2 billion dollars, an increase of 9 percent year on year, or 10 percent on a rectified FX base.
“2024 was Another strong year For American Express – commented on the CEO Stephen Squeri – We recorded record revenues of 65.9 billion, an increase of 10 percent on a rectified FX basis, a profit of a net record of 10.1 billion and useful for action of 14.01 dollars, an increase of 25 percent year on year “.
“We also recorded record levels of annual expenditure of the owners of cards, net revenues of records from the commissions of the cards and a record of 13 million new cards acquisitions, and we continued to add millions of commercial offices to our network globally – has Added – We have concluded the year with greater momentum, with a growth of the 8 percent acceleration invoices in the fourth quarter, led by one greater expenditure by our private customers ?? commercial during the holiday period. We have maintained our best credit services and disciplined management of expenses throughout the year “.
Amex provides for 2025 A profit per share between $ 15 and $ 15.50, compared to analysts’ estimates of $ 15.23 (according to LSEG data). In addition, it also provides for a growth in revenues for 2025 between 8%and 10%, compared to the expectations of analysts of 8.1%.
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