Global financial services company American Express has reported a marginal increase in its net income by 1% to $1.3bn for the third quarter of 2012, from $1.23bn during the same period last fiscal.
Consolidated total revenues net of interest expense stood at $7.9bn, with an increase of 4%, from $7.6bn, earlier year, mainly backed by a rise in card member spending and higher net interest income.
For the current quarter period, ended on 30 September 2012, its US Card Services segment posted a net income of $699m, a decrease by 5% from $733m, while its revenues increased by 6% to $4.1bn from $3.8bn during the corresponding period, a year ago.
International Card Services segment net income declined by 26% to $164m, from $221m a year ago, while total revenues net of interest expense slashed by 3% to $1.3bn.
Global Commercial Services segment reported third-quarter net income of $183m, down by 7% from $197m, a year ago, while its total revenues net of interest expense surged by 2% to $1.2bn.