American Historical Income Statement
| AXP Stock | USD 304.25 1.32 0.43% |
Historical analysis of American Express income statement accounts such as Other Operating Expenses of 47.3 B, Operating Income of 6.7 B or Ebit of 13.3 B can show how well American Express performed in making a profits. Evaluating American Express income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of American Express's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining American Express latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether American Express is a good buy for the upcoming year.
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About American Income Statement Analysis
American Express Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to American Express shareholders. The income statement also shows American investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
American Express Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of American Express. It is also known as American Express overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from American Express operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of American Express is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in American Express financial statement analysis. It represents the amount of money remaining after all of American Express operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Total Revenue
Total revenue comprises all receipts American Express generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most accounts from American Express' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into American Express current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. To learn how to invest in American Stock, please use our How to Invest in American Express guide.At this time, American Express' Discontinued Operations is relatively stable compared to the past year. As of 11/28/2024, Research Development is likely to grow to 0.17, while Income Tax Expense is likely to drop slightly above 1.3 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 10.7B | 12.3B | 10.8B | 6.7B | Other Operating Expenses | 31.7B | 12.7B | 45.1B | 47.3B |
American Express income statement Correlations
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American Express Account Relationship Matchups
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High Negative Relationship
American Express income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 3.5B | 2.1B | 1.3B | 2.8B | 6.8B | 7.2B | |
| Other Operating Expenses | 35.1B | 31.8B | 31.7B | 12.7B | 45.1B | 47.3B | |
| Operating Income | 8.4B | 4.3B | 10.7B | 12.3B | 10.8B | 6.7B | |
| Ebit | 8.4B | (26.6B) | (19.0B) | (32.1B) | 12.7B | 13.3B | |
| Ebitda | 9.6B | 5.8B | 13.2B | 12.6B | 14.3B | 8.2B | |
| Total Operating Expenses | (35.1B) | (31.8B) | (31.7B) | 12.7B | 45.1B | 47.3B | |
| Net Income | 6.8B | 3.1B | 8.1B | 7.5B | 8.4B | 8.8B | |
| Income Tax Expense | 1.7B | 1.2B | 2.6B | 2.1B | 2.1B | 1.3B | |
| Depreciation And Amortization | 1.2B | 32.5B | 32.2B | 44.7B | 1.7B | 1.6B | |
| Selling General Administrative | 5.9B | 5.7B | 6.2B | 7.3B | 8.1B | 5.9B | |
| Selling And Marketing Expenses | 7.1B | 6.7B | 9.1B | 5.5B | 5.2B | 5.0B | |
| Total Revenue | 43.6B | 36.1B | 42.4B | 52.9B | 60.4B | 63.4B | |
| Gross Profit | 28.1B | 24.3B | 27.2B | 32.7B | 34.5B | 26.2B | |
| Income Before Tax | 8.4B | 4.3B | 10.7B | 9.6B | 10.5B | 5.4B | |
| Total Other Income Expense Net | (5.7B) | 34M | (2.5B) | (3.0B) | (249M) | (236.6M) | |
| Cost Of Revenue | 15.4B | 11.8B | 15.2B | 20.1B | 25.9B | 16.1B | |
| Net Income Applicable To Common Shares | 6.8B | 3.1B | 7.9B | 7.4B | 8.5B | 4.7B | |
| Net Income From Continuing Ops | 10.1B | 3.1B | 8.1B | 7.5B | 8.4B | 6.2B | |
| Tax Provision | 1.7B | 1.2B | 2.6B | 2.1B | 2.1B | 1.9B | |
| Net Interest Income | 8.6B | 8.0B | 7.8B | 9.9B | 13.1B | 9.2B | |
| Interest Income | 12.1B | 10.1B | 9.0B | 12.7B | 20.0B | 12.4B | |
| Reconciled Depreciation | 1.2B | 1.5B | 1.7B | 1.6B | 1.7B | 1.6B |
Pair Trading with American Express
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Express position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Express will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
| 0.76 | V | Visa Class A | PairCorr |
| 0.76 | DHIL | Diamond Hill Investment | PairCorr |
| 0.7 | AB | AllianceBernstein | PairCorr |
| 0.79 | AC | Associated Capital | PairCorr |
| 0.96 | BN | Brookfield Corp | PairCorr |
Moving against American Stock
| 0.74 | XP | Xp Inc Downward Rally | PairCorr |
| 0.63 | WU | Western Union | PairCorr |
| 0.55 | PT | Pintec Technology | PairCorr |
| 0.37 | RM | Regional Management Corp | PairCorr |
The ability to find closely correlated positions to American Express could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Express when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Express - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Express to buy it.
The correlation of American Express is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Express moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Express moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Express can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for American Stock Analysis
When running American Express' price analysis, check to measure American Express' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American Express is operating at the current time. Most of American Express' value examination focuses on studying past and present price action to predict the probability of American Express' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Express' price. Additionally, you may evaluate how the addition of American Express to your portfolios can decrease your overall portfolio volatility.