American Express (AXP) Revenue — Quarter Ended Dec 31, 2023
Revenue rose in the reported quarter, increasing from the prior quarter and from the same period a year ago. The sequential growth was modest, while the year-over-year improvement was more substantial.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue rose in the reported quarter, increasing from the prior quarter and from the same period a year ago. The sequential growth was modest, while the year-over-year improvement was more substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.6B
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
+5.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$37.2B
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 |
|---|---|---|
| Mar 31, 2023 | $8.8B | +15.8% |
| Jun 30, 2023 | $9.4B | +7.5% |
| Sep 30, 2023 | $9.4B | +7.4% |
| Dec 31, 2023 | $9.6B | +5.4% |
Revenue performance
The quarter's revenue was higher than the preceding three-month period, continuing an upward trajectory.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew at a slower rate than the year-over-year comparison. The increase relative to the same quarter one year earlier was solid.
What to watch
Observe whether the sequential revenue growth can maintain its pace in the coming quarters.