American Express (AXP) Revenue — Quarter Ended Mar 31, 2023
Revenue declined compared to the immediately preceding quarter. However, revenue rose compared to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined compared to the immediately preceding quarter. However, revenue rose compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.8B
Revenue reported for this quarter.
Quarter-over-quarter
-2.5%
Change from the immediately preceding quarter.
Year-over-year
+15.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $8.8B | +29.7% |
| Sep 30, 2022 | $8.7B | +22.3% |
| Dec 31, 2022 | $9.1B | +11.2% |
| Mar 31, 2023 | $8.8B | +15.8% |
Revenue performance
The reported revenue for this quarter moved lower from the prior quarter. The decline follows a previous increase in the trailing quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Compared with the same quarter one year earlier, revenue increased.
What to watch
The filing provides risk factors and management discussion; no specific revenue drivers are cited beyond the supplied comparisons.