01—Abstract
Summary
Summary of the 10-Q filed July 29, 2015. Cited figures are marked; the original filing is the authoritative source.
American Express Company (AXP) filed its quarterly report on Form 10-Q for the period ending June 30, 2015.
This report details the company's financial performance and condition during the second quarter of 2015. Investors should note key aspects of revenue generation, expense management, and overall profitability. Management's Discussion and Analysis (MD&A) provides crucial insights into the operational drivers and financial results.
Key areas to monitor include the company's ability to grow its cardmember base, the performance of its lending portfolio, and its success in managing credit risk. The report also touches upon regulatory and market risks that could impact future performance. Overall, this filing provides a snapshot of AXP's business health amidst the prevailing economic environment.
02—Key points
Key Highlights
- The filing covers the quarterly period ended June 30, 2015, providing updated financial data for investors.
- American Express is identified as a 'Large accelerated filer,' indicating a substantial market capitalization and adherence to rigorous reporting standards.
- The report includes unaudited Consolidated Statements of Income, Comprehensive Income, Balance Sheets, and Cash Flows for the relevant periods.
- Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations, offers detailed commentary on the company's performance drivers.
- The company confirms it has been subject to the filing requirements for the past 90 days and has filed all required reports in the preceding 12 months.
- AXP has submitted and posted Interactive Data Files as required by Rule 405 of Regulation S-T, demonstrating commitment to transparent digital reporting.
- As of July 24, 2015, the company reported 1,001,283,308 shares of common stock outstanding.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-QQ2 FY2015filed July 29, 2015Financial Statements
Q2 FY2015 against Q2 FY2014
| Line item | Q2 FY2015Q2 FY2014 | Change |
|---|---|---|
| Operating Income | $3.00B— | — |
| Interest Expense | $414.00M$443.00M | −6.5% |
| Net Income | $1.47B$1.53B | −3.7% |
| EPS (Basic) | $1.43$1.44 | −0.7% |
| EPS (Diluted) | $1.42$1.43 | −0.7% |
| Shares Outstanding (Basic) | 1.01B1.05B | −4.1% |
| Shares Outstanding (Diluted) | 1.01B1.06B | −4.3% |
05—Questions
Frequently Asked Questions
What is the primary purpose of this 10-Q filing for American Express?
This Form 10-Q is a quarterly report that provides investors with an update on American Express's financial performance, position, and cash flows for the period ending June 30, 2015. It includes unaudited financial statements and Management's Discussion and Analysis (MD&A) of the company's results of operations and financial condition.
What are the key financial statements included in this report?
The report contains the Consolidated Statements of Income for the three and six months ended June 30, 2015 and 2014, Consolidated Statements of Comprehensive Income, Consolidated Balance Sheets as of June 30, 2015, and December 31, 2014, and Consolidated Statements of Cash Flows for the six months ended June 30, 2015 and 2014.
Where can investors find more detailed information about the company's performance trends and challenges?
Investors can find detailed commentary on the company's performance trends, factors affecting results, and financial condition in Item 2, titled 'Management’s Discussion and Analysis of Financial Condition and Results of Operations'.
Does this report provide information on legal proceedings or risk factors for American Express?
Yes, the report includes 'Item 1. Legal Proceedings' on page 76 and 'Item 1A. Risk Factors' on page 77, which detail any significant ongoing legal matters and potential risks that could impact the company's business and financial results.
06—Continue