American Express (AXP) Revenue — Quarter Ended Mar 31, 2024
Revenue declined from the immediately preceding quarter but increased compared to the same quarter a year earlier. The sequential decrease reverses the trend of growth seen in prior quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined from the immediately preceding quarter but increased compared to the same quarter a year earlier. The sequential decrease reverses the trend of growth seen in prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.3B
Revenue reported for this quarter.
Quarter-over-quarter
-2.3%
Change from the immediately preceding quarter.
Year-over-year
+5.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$37.7B
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 |
|---|---|---|
| Jun 30, 2023 | $9.4B | +7.5% |
| Sep 30, 2023 | $9.4B | +7.4% |
| Dec 31, 2023 | $9.6B | +5.4% |
| Mar 31, 2024 | $9.3B | +5.6% |
Revenue performance
The quarter's revenue total came in lower than the prior three-month period, marking a sequential contraction.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased; however, versus the same quarter one year earlier, revenue was higher.
What to watch
Monitor whether the sequential decline is a temporary fluctuation or the start of a new trend.