4 ms·
FYI, latest Q-10 of American Express has Merchant Fees at approximately double the revenue from interest payments. At least there it is true. [0]: https://s26.
by perks_12 2y ago
FYI, latest Q-10 of American Express has Merchant Fees at approximately double the revenue from interest payments. At least there it is true.
[0]: https://s26.q4cdn.com/747928648/files/doc_financials/2024/q1/Q1-2024-Earnings-Tables.pdf https://s26.q4cdn.com/747928648/files/doc_financials/2024/q1...
- denimnerd42 2y agoAnd the fees are basically pure profit while the interest payments have a huge cost and risk.