AMERICAN EXPRESS COMPANY American Express Company
Fixed Income Investor Presentation
OCTOBER 2021
Summary Financial Performance
($ in millions; except per share amounts)
Q3'21 | Q3'20 | ||
Total Revenues Net of Interest Expense | |||
$10,928 | $8,751 | ||
FX-Adjusted* | $8,784 | ||
Net Income | $1,826 | $1,073 | |
Diluted EPS† | $2.27 | $1.30 | |
Average Diluted Shares Outstanding | 787 | 805 | |
YoY%
Inc/(Dec)
25%
24%
70%
75%
(2%)
* Total Revenues Net of Interest Expense adjusted for FX is a non-GAAP measure. FX-adjusted information assumes a constant exchange rate between the periods being compared | 2 |
for purposes of currency translation into U.S. dollars (i.e., assumes Q3'21 foreign exchange rates apply to Q3'20 results). †Attributable to common shareholders. Represents net |
income less earnings allocated to participating share awards, dividends on preferred shares and other items.
Total Network Volumes Growth | Q1'21 | Q2'21 | Q3'21 | % of Total | ||||
Billed Business | vs. '19 % | (12%) | (2%) | 4% | 85% | |||
YoY% | (9%) | 51% | 31% | |||||
Processed | vs. '19 % | (9%) | (2%) | 3% | 15% | |||
Volumes | YoY% | (1%) | 26% | 18% | ||||
% Increase/(decrease) vs. 2019: | ||||||||
vs. '19 % | (11%) | (2%) | 4% | |||||
20% | Total Network | 100% | ||||||
Volumes | YoY% | (8%) | 46% | 29% | ||||
10% | Billed Business | |||||||
Total Network Volumes | ||||||||
0% | Processed Volumes | |||||||
(10%) | ||||||||
(20%) | ||||||||
(30%) | ||||||||
(40%) | ||||||||
Q1'20 | Q2'20 | Q3'20 | Q4'20 | Q1'21 | Q2'21 | Q3'21 |
Note: All growth rates reflect FX-adjusted rates. See Annex 1 for reported billings growth rates. Billed business represents proprietary billed business on cards issued by AXP. | 3 |
Processed volumes represent GNS and alternative payment solutions facilitated by AXP. |
Billed Business
G&S vs. T&E | G&S vs. T&E Growth | |
$ in Billions, % of Total | ||||
$266 | $280 | |||
$214 | ||||
G&S | 69% | 79% | ||
88% | ||||
T&E | 31% | 21% | ||
12% | ||||
Q3'19 | Q3'20 | Q3'21 |
% Increase/(decrease) vs. 2019 (FX-adjusted): | ||||||
40% | ||||||
20% | G&S | |||||
0% | Billed | |||||
Business | ||||||
(20%) | T&E | |||||
(40%) | ||||||
(60%) | ||||||
(80%) | ||||||
(100%) | ||||||
Q1'20 | Q2'20 | Q3'20 | Q4'20 | Q1'21 | Q2'21 | Q3'21 |
Q3'21 | G&S | T&E | Total |
vs. '19 | 19% | (29%) | 4% |
YoY | 18% | 124% | 31% |
4
Note: All growth rates reflect FX-adjusted rates. See Annex 1 for reported billings growth rates. G&S = Goods & Services spending. T&E = Travel & Entertainment spending.
Goods & Services Billed Business
G&S: Online vs. Offline | G&S by Industry | |
% Increase/(decrease) vs. 2019 (FX-adjusted): | $ in Billions, % of total | vs. '19 | |||||||
40% | Online | $222 | 19% | ||||||
20% | Total | ||||||||
G&S | |||||||||
Offline | Retail & | 62% | 25% | ||||||
0% | Wholesale | ||||||||
(20%) | |||||||||
(40%) | Prof. Services | 17% | 14% | ||||||
Adv. & Media | 7% | 20% | |||||||
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 | |||||||||
Other* | 14% | 7% | |||||||
Q3'21 | Online | Offline | Total | Q3'21 | |||||
vs. '19 | 27% | 7% | 19% | Q3'21 | Retail | Prof. | Adv & | Other* | Total |
YoY | |||||||||
17% | 21% | 18% | Services | Media | |||||
% of Total | 67% | 33% | 100% | YoY | 19% | 21% | 13% | 13% | 18% |
Note: Online = Online + Card Not Present. All growth rates reflect FX-adjusted rates. See Annex 1 for reported billings growth rates. * Includes healthcare, gas and auto, utilities, education, | 5 |
government, and other |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
American Express Company published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 23:36:03 UTC.
