Official Name: American Express Company
Headquarters: New York, NY, United States
Founded: March 18, 1850
CEO: Mr. Stephen Joseph Squeri
USD as of April 1, 2022
The American Express Company, also known as Amex, was founded in 1850. Originally involved in freight forwarding, American Express has later engaged in travel services and become a leader in cards and payments technology before expanding further to innovative digital products and services.
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.
The American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The company's logo, adopted in 1958, is a gladiator or centurion whose image appears on the company's well-known traveler's cheques, charge cards, and credit cards. During the 1980s, Amex invested in the brokerage industry, acquiring what became, in increments, Shearson Lehman Hutton and then divesting these into what became Smith Barney Shearson (owned by Primerica) and a revived Lehman Brothers. By 2008 neither the Shearson nor the Lehman name existed. In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the United States. As of December 31, 2019, the company had 114.4 million cards in force, including 54.7 million cards in force in the United States, each with an average annual spending of $19,972. In 2017, Forbes named American Express as the 23rd most valuable brand in the world (and the highest within financial services), estimating the brand to be worth US$24.5 billion. In 2020, Fortune magazine ranked American Express at number 9 on their Fortune List of the Top 100 Companies to Work For in 2020 based on an employee survey of satisfaction.
Source: Wikipedia, retrieved on April 4, 2022, 2:52 p.m.
Charge cardsCredit cardsTraveler's chequesCorporate banking, FinanceInsuranceTravel
Stephen J. Squeri (Chairman & CEO) Jeffrey C. Campbell (Executive VP & CFO)
Revenue: US$43.66 billion (2021)
Operating income: US$4.3 billion (2020)
Net income: US$8.06 billion (2021)
Total assets: US$188.55 billion (2021)
Total equity: US$22.18 billion (2021)