American Express(US:AXP)2026-01-30 12:00Financial Performance - Total non-interest revenues for Q4'25 reached $14,458 million, a 10% increase year-over-year from $13,141 million in Q4'24[1] - Net income for Q4'25 was $2,462 million, reflecting a 13% increase compared to $2,170 million in Q4'24[1] - Total revenues net of interest expense after provisions for credit losses were $17,566 million, up 11% from $15,887 million in Q4'24[1] - Basic earnings per share for Q4'25 was $3.53, a 16% increase from $3.04 in Q4'24[1] - Total revenues net of interest expense for FY'25 were $16,926 million, reflecting a 7% growth from $15,859 million in FY'24[18] - Net income attributable to common shareholders for Q4'25 was $10,701 million, compared to $9,995 million in Q4'24, marking a 7% increase[27] Assets and Loans - Total assets increased to $300,052 million in Q4'25, an 11% rise from $271,461 million in Q4'24[2] - Card Member loans, less reserves, grew to $145,923 million, a 9% increase from $133,995 million in Q4'24[2] - Total Card Member loans rose to $213.9 billion, a 7% increase from $199.1 billion in Q4'24[9] - Total loans for Q4'25 reached $100,171 million, an 8% increase from $92,632 million in Q4'24[15] - Total loans for International Card Services increased by 20% year-over-year to $20,828 million in Q4'25 from $17,395 million in Q4'24[21] Expenses and Provisions - Total expenses for Q4'25 amounted to $14,476 million, a 10% increase from $13,131 million in Q4'24[1] - Total provisions for credit losses decreased by 1% year-over-year to $773 million in Q4'25 from $784 million in Q4'24[15] - Total provisions for credit losses in Q4'25 were $359 million, a 15% increase from $311 million in Q4'24[18] - Total provisions for credit losses in Q4'25 were $70 million, significantly higher than the $6 million in Q4'24, indicating a 1,066% increase[24] - Operating expenses for Q4'25 totaled $1,085 million, a 17% increase from $927 million in Q4'24[24] Revenue Streams - Non-interest revenues for Q4'25 reached $5,904 million, an 11% increase from $5,314 million in Q4'24[15] - Non-interest revenues for International Card Services in Q4'25 were $3,192 million, a 17% increase from $2,725 million in Q4'24[21] - Non-interest revenues for Q4'25 reached $1,858 million, an increase of 8% compared to Q4'24's $1,723 million[22] Card Member Metrics - Average proprietary basic Card Member spending increased to $6,696, up 5% from $6,378 in Q4'24[6] - Average proprietary basic Card Member spending increased by 3% year-over-year to $5,574 in Q4'25 from $5,387 in Q4'24[15] - Average proprietary basic Card Member spending increased to $9,151 in Q4'25, a 4% rise from $8,804 in Q4'24[18] - Proprietary new cards acquired totaled 2.9 million in Q4'25, representing a 12.5% year-over-year growth[7] Network and Billed Business - Network volumes increased to $506.2 billion in Q4'25, up 9% year-over-year from $464.0 billion in Q4'24[6] - Billed business reached $445.1 billion in Q4'25, reflecting a 9% increase compared to $408.4 billion in Q4'24[6] - Billed business for Q4'25 was $189.2 billion, a 9% increase from $174.0 billion in Q4'24[15] - Billed business for Q4'25 was $140.9 billion, up 4% from $136.0 billion in Q4'24[18] - The company reported a total of 1,897 million in network volumes for FY'25, a 7% increase from FY'24's $1,764.8 million[24] Tax and Equity - The effective tax rate for Q4'25 was 20.3%, compared to 21.3% in Q4'24[1] - Return on average equity for Q4'25 was 33.9%, slightly down from 34.6% in Q4'24[2] - Return on average equity (ROE) for Q4'25 was 33.9%, down from 35.9% in Q4'24[26] - Average shareholders' equity for Q4'25 was $31,934 million, up from $29,266 million in Q4'24[27] Other Metrics - The net write-off rate for Card Member loans was 2.3% in Q4'25, slightly up from 2.2% in Q4'24[9] - The net write-off rate for principal, interest, and fees was 2.6% in Q4'25, compared to 2.4% in Q4'24[15] - Credit loss reserves for Card Member loans stood at 3.9% of total loans, down from 4.1% in Q4'24[9] - Total other loans increased to $10.9 billion, an 18% rise from $9.2 billion in Q4'24[11] - The average fee per card increased to $122 in Q4'25, up 13% from $108 in Q4'24[6]