Short answer
American Express (AXP) filed its Q3 2025 10-Q quarterly report on Oct 17, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $10.4B (up 7.2% year over year) with net income of $2.9B.
Q3 2025 key financials · XBRL
- Revenue
- $10.4B
- +7.2% YoY · +0.9% QoQ
- Net income
- $2.9B
- +15.8% YoY · +0.6% QoQ
- EPS (diluted)
- $4.14
- +18.6% YoY · +1.7% QoQ
Source: XBRL data from the American Express (AXP) Q3 2025 10-Q on SEC EDGAR. USD.
American Express Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $18.4B Q3 2025, up 11% YoY from $16.6B; 9-month revenue $53.2B, up 9% YoY from $48.8B
- Net income $2.9B Q3 2025 vs $2.5B YoY; operating margin approx. 18.1% (pretax income $3.8B / revenue $18.4B) vs 19.3% YoY ( $3.2B / $16.6B)
- Best segment: International Card Services revenue $3.3B Q3, +14% YoY, billed business up 14%; Worst performer: Corporate & Other pretax loss $598M Q3, reduced from $809M YoY
- Cash and equivalents increased $6.8B YoY to $54.7B; operating cash flow $15.4B for 9 months, up $7.1B YoY; deployed $2.9B capital via dividends and share repurchases Q3
- Management confident in premium customer model and product refresh strategy; notes regulatory, geopolitical uncertainties and continued expenditure on marketing and technology; plans sustained capital returns maintaining CET1 ratio 10.5% within 10-11% target range
Risk Factors
- No material changes to risk factors from 2024 Form 10-K reported this quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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