American Express (AXP) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter was essentially flat compared to the preceding period, while it increased relative to the same quarter one year earlier. The sequential pause marks a departure from the growth trend seen in recent quarters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter was essentially flat compared to the preceding period, while it increased relative to the same quarter one year earlier. The sequential pause marks a departure from the growth trend seen in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.4B
Revenue reported for this quarter.
Quarter-over-quarter
-0.6%
Change from the immediately preceding quarter.
Year-over-year
+7.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$36.7B
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 |
|---|---|---|
| Dec 31, 2022 | $9.1B | +11.2% |
| Mar 31, 2023 | $8.8B | +15.8% |
| Jun 30, 2023 | $9.4B | +7.5% |
| Sep 30, 2023 | $9.4B | +7.4% |
Revenue performance
The reported revenue direction was nearly unchanged from the immediately preceding quarter, reflecting a slight decline. This contrasts with the prior period's growth.
Quarterly comparison
Revenue was higher than the same quarter one year earlier. The year-over-year comparison shows continued expansion, albeit at a slower pace than in the prior sequential comparisons.
What to watch
Monitor whether the sequential revenue stagnation persists or resumes growth in the coming quarters.