About the Company
American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan. Amex is the fourth-largest card network globally based on purchase volume, behind China UnionPay, Visa, and Mastercard. 141.2 million Amex cards were in force worldwide as of December 31, 2023, with an average annual spend per card member of US$24,059. That year, Amex handled over $1.7 trillion in purchase volume on its network. Amex is the 16th largest US bank, with a total of US$270 billion in assets or 1.1% of all assets insured by the FDIC. It is ranked 77th on the Fortune 500 and 28th on the list of the most valuable brands by Forbes. In 2023, it was ranked 63rd in the Forbes Global 2000. American Express National Bank is a direct bank owned by Amex. Founded in 1850 as a freight forwarding company, Amex introduced financial and travel services during the early 1900s. It developed its first paper charge card in 1958, gold card in 1966, green card in 1969, platinum card in 1984, and Centurion Card in 1999. The "Don't Leave Home Without It" advertising campaign was introduced in 1975 and renewed in 2005. In the 1980s, Amex acquired and then divested a stake in Shearson. In the 1990s, it stopped reducing interchange fees for merchants who exclusively accepted Amex cards and expanded market share through targeted marketing campaigns. Amex converted to a bank holding company during the 2008 financial crisis. Amex began operating airport lounges in 2013, offering access to certain cardholders. Amex had a 9% worldwide market share by transaction volume in 2023. While American Express credit cards are accepted at 99% of U.S. merchants that accept credit cards (Costco being a notable exception), they are much less accepted in Europe and Asia. American Express offers various types of cards including travel and dining cards, everyday spending points cards, and cash back cards. Each category has several card options with different benefits and reward structures. High-profile cards like the Green, Gold, and Platinum cards cater to frequent travelers and diners with perks tailored to these activities.
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Latest News on AMERICAN EXPRESS CO
Can American Express Thrive in the BNPL Era or Just Survive?
American Express Company AXP, also known as AmEx and well-known for its premium cards and loyalty programs, is navigating the ...
American Express: Strong New Card Acquisitions and Loan Growth Drive ...
American Express has a strong financial position with a well-positioned balance sheet and a credit card portfolio that historically has had lower credit risk than its peers. At the end of June ...
American Express's Earnings Outlook - American Express (NYSE:AXP)
With an ROA of 0.92%, the company may face hurdles in generating optimal returns from its assets. Debt Management: American Express's debt-to-equity ratio is below the industry average.
American Express credit card charge-offs, delinquency stay solid in July
American Express (NYSE:AXP) consumer credit card's delinquency and net charge-off rates were little changed in July even as ...
American Express Company (AXP) Fell in Q1 Due to Cautious 2025 Guidance
On June 5, 2025, American Express Company (NYSE:AXP) stock closed at $295.96 per share, with a market capitalization of $207.346 billion.
American Express Announces Record FY 2024 Revenue, Up 9%, or 10% on an ...
American Express Company (NYSE: AXP) today reported full year net income of $10.1 billion, or $14.01 per share, compared with net income of $8.4 billi ...
American Express Just Paid Investors: Here's How Much They Got
American Express Co. (NYSE: AXP) is rewarding its shareholders once again with a quarterly dividend of $0.70, payable on Monday, Feb. 10. That is in line with the prior payout.
American Express and Marriott International Launch Enhanced Co-Brand Credit Cards in Japan With New Premium Experiences
Marriott Bonvoy® American Express® Premium Card and Marriott Bonvoy® American Express® Card enhance travel experience with ...
American Express Co. Stock Grades | AXP | Barron's
About American Express Co. American Express Co. engages in the provision of card-issuing, merchant-acquiring, and card network businesses.
American Express Co. Research & Ratings | AXPCL | Barron's
American Express Co. research and ratings by Barron's. View AXPCL revenue estimates and earnings estimates, as well as in-depth analyst breakdowns.
Toast teams up with American Express to leverage reservations data
The POS giant and the credit card company, which owns the reservations platforms Resy and Tock, will partner to offer diners ...
American Express co-leader Rico Hoey recalls his junior golf days in ...
Rico Hoey watches his shot from the 17th tee during the second round of The American Express on the Nicklaus Tournament Course at PGA West in La Quinta, Calif., Friday, Jan. 17, 2025.
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