American Express (AXP) experienced a general downward trend in net income over the course of 2024, with a few fluctuations. Here's a summary of the key points:
- Overall Trend: The net income for AXP decreased from $2.44 billion in Q1 2024 to $2.17 billion in Q4 20241.
- Peak and Subsequent Decline: Net income peaked at $3.02 billion in Q2 2024 and then gradually decreased to $2.51 billion in Q3 2024 and further to $2.17 billion in Q4 2024.
AXP Net Income YoY, Net Income
The data indicates a clear downward trajectory in net income over the year, with no significant recoveries or improvements noted in the quarterly reports. This trend suggests a challenging financial environment for the company, possibly due to factors such as market conditions, competitive pressures, or operational efficiency issues.
3/28/2025 11:15am
