American Express’s international consumer and network services division
American Express (AXP) witnessed a rise of 12.0% in its proprietary cards volume in 2Q17, which reflects a marginal increase of 1.0% from 1Q17. That growth came after adjusting for foreign exchange fluctuations. For its GNS (Global Network Services) division, billings growth stood at 5.0% in 2Q17, which is a marginal fall from a 6.0% growth in 1Q17. Growth in 2Q17 and 1Q17 came after adjusting for foreign exchange fluctuations. This marginal fall of 1.0% was due to changes in regulations for the European Union and countries such as Australia and China.
Mastercard’s international business
Internationally, in 2Q17, Mastercard (MA) saw a growth of 7.0% in gross dollar volumes. After adjusting for regulatory changes in the European Union, the growth rate was 11.0%. In 2Q17, of the total $1.2 trillion of gross dollar volumes, $878.0 million came from the rest of the world; that is, excluding the United States.
Next, let’s look at dividend distributions for these consumer financial companies.