AXP - American Express Company (AXP) Q4 2023 Earnings Call Transcript
2024-01-26 14:20:19 ET
American Express Company (AXP)
Q4 2023 Earnings Conference Call
January 26, 2024 8:30 AM ET
Company Participants
Kartik Ramachandran - Head of Investor Relations
Steve Squeri - Chairman and Chief Executive Officer
Christophe Le Caillec - Chief Financial Officer
Conference Call Participants
Don Fandetti - Wells Fargo
Ryan Nash - Goldman Sachs
Mark DeVries - Deutsche Bank
Bill Carcache - Wolfe Research
Jeff Adelson - Morgan Stanley
Rick Shane - JPMorgan
Saul Martinez - HSBC
Moshe Orenbuch - TD Cowen
Sanjay Sakhrani - KBW
Dominick Gabriele - Oppenheimer & Co
Arren Cyganovich - Citi
Craig Maurer - FT Partners
Mihir Bhatia - Bank of America
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the American Express Q4 2023 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, today's call is being recorded.
I will now turn the conference over to our host, Head of Investor Relations, Mr. Kartik Ramachandran. Thank you. Please go ahead.
Kartik Ramachandran
Thank you, Donna, and thank you all for joining today's call. As a reminder, before we begin, today's discussion contains forward-looking statements about the company's future business and financial performance. These are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in today's presentation slides and in our reports on file with the SEC.
The discussion today also contains non-GAAP financial measures. The comparable GAAP financial measures are included in this quarter's earnings materials, as well as the earnings materials for the prior periods we discuss. All of these are posted on our website at ir.americanexpress.com.
We will begin today with Steve Squeri, Chairman and CEO who will start with some remarks about the Company's progress and results, and then Christophe Le Caillec, Chief Financial Officer will provide a more detailed review of our financial performance. After that, we'll move to a Q&A session on the results with both Steve and Christophe.
With that, let me turn it over to Steve.
Steve Squeri
Good morning, and thanks for joining us. 2023 was another strong year for American Express. We delivered record revenues of $61 billion for the year, up 15% on an FX adjusted basis, and we had a record net income of over $8 billion, with earnings per share of $11.21....
American Express Company (AXP) Q4 2023 Earnings Call Transcript