American Express (AXP) Revenue — Quarter Ended Sep 30, 2024
Revenue for the current quarter decreased compared to the immediately preceding quarter. However, it increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the current quarter decreased compared to the immediately preceding quarter. However, it increased 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
$9.7B
Revenue reported for this quarter.
Quarter-over-quarter
-1.0%
Change from the immediately preceding quarter.
Year-over-year
+3.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$38.4B
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 |
|---|---|---|
| Dec 31, 2023 | $9.6B | +5.4% |
| Mar 31, 2024 | $9.3B | +5.6% |
| Jun 30, 2024 | $9.8B | +4.1% |
| Sep 30, 2024 | $9.7B | +3.6% |
Revenue performance
The reported revenue shows a sequential decline after two consecutive quarters of growth. The year-over-year comparison indicates continued expansion from the prior year.
Quarterly comparison
Compared to the preceding quarter, revenue fell slightly. Compared to the same quarter last year, revenue rose.
What to watch
The sequential decline following a period of growth could be a trend to observe in upcoming quarters.