American Express quarterly profit plunges 76 per cent [Toronto Globe and Mail (Ontario, Canada)]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
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Source: Toronto Globe and Mail
American Express quarterly profit plunges 76 per cent American Express released quarterly results Friday. Lucy Nicholson/Reuters American Express released quarterly results Friday. Credit card issuer American Express Co posted a 76 per cent drop in first-quarter profit on Friday, as it set aside $2.6 billion to cover potential losses stemming from the coronavirus outbreak. The pandemic has hammered the global economy, pushing companies to layoff employees by the millions. That, in turn, could weigh on credit card issuers like American Express as more people default on their payments. The company’s net income fell to $367 million, or 41 cents per share, in the quarter ended March 31 from $1.55 billion, or $1.80 per share, a year earlier. Total revenue, excluding interest expense, fell to $10.3 billion from $10.4 billion. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today
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AXP
Earnings
- 10/20/25 - Beat
AXP
Sec Filings
- 11/17/25 - Form 8-K
- 11/4/25 - Form 4
- 11/4/25 - Form 4
- AXP's page on the SEC website