American Express earns revenues from card licensing fees, royalties on billings, charge volume, net spread revenue and cards in force, foreign exchange conversion revenue and also a share of the discount revenue earned by the operator.
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As before, an investor need only discount the average historical revenue onto the line of future defendants.
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As a result, the revenue from discount fees charged from merchants accepting American Express cards increased by 5%.
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Also, investors should not discount what other news Apple might announce in terms of features, advertising revenue and subscriber access.
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