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  "documentTitle": "2024 Q1 Earnings Presentation",
  "authorId": "American-Express",
  "authorName": "American Express",
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  "notes": "This slide provides qualitative context for quantitative financial results.",
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      "text": "Discount Revenue: Increased 5 percent versus Q1'23, primarily driven by an increase in billed business.\nNet Card Fees: Increased 15 percent versus Q1'23, primarily driven by growth in our premium card portfolios.\nService Fees and Other Revenue: Increased 6 percent versus Q1'23, primarily driven by increases in travel commissions and fees from our consumer travel business, revenue from the sale of reward points, foreign exchange related revenues associated with Card Member cross-currency spending and merchant service fees, partially offset by a benefit in the prior year related to a portion of the revenue allocated to a joint venture partner as described in Business Development expense.\nProcessed Revenue: Decreased 8 percent versus Q1'23, primarily driven by a decrease in volumes associated with the decommission of one of our alternative payment solutions and a decrease in network partner volumes.\nInterest Income: Increased 31 percent versus Q1'23, primarily driven by growth in revolving loan balances and higher interest rates.\nInterest Expense: Increased 40 percent versus Q1'23, primarily driven by higher interest rates paid on, and growth in, customer deposits.\nProvisions for Credit Losses: Increased 20 percent versus Q1'23, primarily driven by higher net write offs, partially offset by a lower net reserve build in the current period.",
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      "text": "Year-over-year variance",
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      "kind": "paragraph",
      "text": "The following summary provides selected variance information for the three months ended March 31, 2024 compared to the same period in the prior year. It should be read in conjunction with the statistical tables for Q1'24, available at ir.americanexpress.com.",
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      "text": "Additional Commentary – Variance Analysis",
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