Company
American Express
Official Name: American Express Company
Headquarters: New York, NY, United States
Founded: March 18, 1850
Employees: 64,000
CEO: Mr. Stephen Joseph Squeri
Market Cap
$136.38 Billion
USD as of Jan. 1, 2024
American Express Categories
United States Financials Credit ServicesUnited States Financials United States Credit Services
Company Description
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.
Top Competitors by Market Capitalization
Industry: Credit Services
| Company | Market Cap (USD) |
|---|---|
| Visa | $530.20 B |
| Mastercard | $392.71 B |
| PayPal | $63.02 B |
| Capital One Financial Corporation | $49.78 B |
| AgriBank, FCB | $46.82 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
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.
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Stocks & Indices
American Express Company has the following listings and related stock indices.
Stock: NYSE: AXP wb_incandescent
Stock: FSX: AEC1 wb_incandescent
Stock: XETR: AEC1 wb_incandescent
Product & Services
Charge cardsCredit cardsTraveler's chequesCorporate banking, FinanceInsuranceTravel
Key People
Stephen J. Squeri (Chairman & CEO) Jeffrey C. Campbell (Executive VP & CFO)
Financials
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)