American Express Reports Net Income of $1.82 Billion in Q1 2023
The company's revenues reach $14.28 billion in the same quarter, beating expectations
American Express Company(AXP) released its financial state ments for the first quarter of 2023, showing robust performance despite ongoing challenges in the global economic landscape. The company reported net income of $1.82 billion, exceeding analysts' estimates, and recorded total revenues of $14.28 billion, reflecting strong growth across its business segments.
Net Income: $1.82 Billion
In the three months ended March 31, 2023, American Express Company reported net income of $1.82 billion, marking a steady performance in challenging economic conditions. This figure represents a 13.4% decrease compared to the same period in 2022 when the company reported a net income of $2.10 billion. Despite the decline, the results surpassed market expectations, showing the company's resilience amid various economic uncertainties.
Revenue: $14.28 Billion
