American Express (AXP) Service Charges (2009 - 2024)
American Express (AXP) recorded Service Charges of $412 million in Q4 2024, up 2.0% from $404 million a year earlier and up 11.4% from the prior quarter.
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Analysis
American Express (AXP) Service Charges (2009 - 2024) Analysis & Trends
For FY2024, American Express reported Service Charges of $1.61 billion, up 6.0% from FY2023.
- Annual Service Charges has increased for four straight years, with a four-year compound annual growth rate of 5.9% (FY2020 to FY2024).
- Across earlier years, Service Charges came in at $1.52 billion in FY2023 (+5.1%), $1.44 billion in FY2022 (+4.3%), $1.39 billion in FY2021 (+8.2%) and $1.28 billion in FY2020.
- Quarterly Service Charges has ranged from $334 million in Q2 2021 to $442 million in Q1 2024 over the past five years.
- On a year-over-year basis, Service Charges rose in seven of the last eight quarters, with growth averaging 5.6%.
- Peak year-over-year performance for Service Charges in the last five years was growth of 20.8% in Q1 2024, against a decline of 1.3% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $370 million (Q3 2024), $385 million (Q2 2024) and $442 million (Q1 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 885.23 Bn | 914.70 Bn | - |
| 2 | Banco Santander Chile | 404.41 Bn | 524.35 Bn | - |
| 3 | Bank Of America | 381.15 Bn | -1,994.92 Bn | - |
| 4 | Hsbc Holdings | 319.39 Bn | 319.44 Bn | - |
| 5 | Morgan Stanley | 298.67 Bn | -210.43 Bn | - |
| 6 | Royal Bank Of Canada | 268.75 Bn | -557.52 Bn | - |
| 7 | Mitsubishi Ufj Financial | 265.72 Bn | -107.91 Bn | 10.89 Bn |
| 8 | Goldman Sachs | 261.04 Bn | -3,296.07 Bn | - |
| 9 | Wells Fargo & Company | 253.09 Bn | 255.22 Bn | - |
| 10 | American Express | 208.01 Bn | -160.24 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 412.00 Mn |
| Sep 30, 2024 | 370.00 Mn |
| Jun 30, 2024 | 385.00 Mn |
| Mar 31, 2024 | 442.00 Mn |
| Dec 31, 2023 | 404.00 Mn |
| Sep 30, 2023 | 375.00 Mn |
| Jun 30, 2023 | 373.00 Mn |
| Mar 31, 2023 | 366.00 Mn |
| Dec 31, 2022 | 372.00 Mn |
| Sep 30, 2022 | 353.00 Mn |
| Jun 30, 2022 | 370.00 Mn |
| Mar 31, 2022 | 349.00 Mn |
| Dec 31, 2021 | 371.00 Mn |
| Sep 30, 2021 | 340.00 Mn |
| Jun 30, 2021 | 334.00 Mn |
| Mar 31, 2021 | 340.00 Mn |
| Sep 30, 2019 | 102.00 Mn |
| Jun 30, 2019 | 102.00 Mn |
| Mar 31, 2019 | 100.00 Mn |
| Sep 30, 2018 | 103.00 Mn |
API Access
American Express Service Charges API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=service-charges&ticker=AXP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "service-charges", "ticker": "AXP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=service-charges&ticker=AXP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();