Earnings release
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ease News AMERICAN EXPRESS Release News Release FOR IMMEDIATE RELEASE Media Contacts : Leah M. Gerstner , Leah . M.Gerstner@aexp.com , +1.212.640.3174 Azar Boehm , Azar.Boehm@aexp.com , +1.212.225.4052 Investors / Analysts Contacts : Vivian Y. Zhou , Vivian.Y.Zhou@aexp.com , +1.212.640.5574 Melanie L. Michel , Melanie.L.Michel@aexp.com , +1.212.640.5574 AMERICAN EXPRESS REPORTS SECOND - QUARTER REVENUE OF $ 10.2 BILLION AND EARNINGS PER SHARE OF $ 2.80 ( Millions , except percentages and per share amounts ) Total Revenues Net of Interest Expense Total Provisions for Credit Losses Net Income Diluted Earnings Per Common Share¹ Average Diluted Common Shares Outstanding # - Denotes a variance of 100 percent or more . Quarters Ended June 30 , 2021 $ 10,243 $ ( 606 ) $ 2,280 $ 2.80 802 News Release Percentage Inc / ( Dec ) 2020 $ 7,675 33 $ 1,555 # $ 257 # $ 0.29 # 805 ( 0 ) Six Months Ended June 30 , 2021 $ 19,307 $ ( 1,281 ) $ $ 4,515 $ 5.54 803 2020 $ 17,985 4,176 $ 624 $ 0.71 807 Percentage Inc / ( Dec ) 7 # # # ( 0 ) New York - July 23 , 2021 - American Express Company ( NYSE : AXP ) today reported second - quarter net income of $ 2.3 billion , or $ 2.80 per share , compared with net income of $ 257 million , or $ 0.29 per share , a year ago . The results reflected the impact of $ 866 million ( $ 658 million after tax ) in credit reserve releases² , primarily driven by the company's strong credit performance and continued improvements in the macroeconomic outlook . " Our strong second quarter results show that the steps we have taken to manage the company through the pandemic and our strategy of investing to rebuild our growth momentum are paying off , " said Stephen J. Squeri , Chairman and Chief Executive Officer . " Demand for our premium , fee - based products continued to be robust , with acquisitions of U.S. Platinum Card Members reaching record levels this quarter . We acquired 2.4 million new proprietary cards in the quarter , while continuing to retain Card Members at rates above pre - pandemic levels . N