American multinational financial services corporation
"Amex" redirects here. For other uses, see AMEX.
American Express Company
Headquarters at the American Express Tower
Company type
Public
Traded as
NYSE: AXP
DJIA component
S&P 100 component
S&P 500 component
Industry
Banking
Payment card services
Predecessor
Livingston, Fargo & Company
Wells, Butterfield & Company
Wells & Company
Founded
March 18, 1850; 174 years ago (1850-03-18), in Buffalo, New York, U.S.
Headquarters
200 Vesey Street,
New York City
,
United States
Area served
Worldwide
Key people
Stephen J. Squeri (Chairman & CEO) Jeffrey C. Campbell (Executive VP & CFO)
Products
Charge cards
Credit cards
Debit cards
Traveler's cheques
Corporate banking
Services
Payment card services
Insurance
Travel
Revenue
US$60.52 billion (2023)
Operating income
US$10.51 billion (2023)
Net income
US$8.374 billion (2023)
Total assets
US$261.1 billion (2023)
Total equity
US$28.06 billion (2023)
Number of employees
74,600 (2023)
Website
americanexpress.com
Footnotes / references [1][2][3][4][5]
American Express Company (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. 133.3 million Amex cards were in force worldwide as of December 31, 2022, with an average annual spend per card member of US$23,496. That year, Amex handled over $1.6 trillion in purchase volume on its network.[2] Amex is one of the largest US banks, and is ranked 77th on the Fortune 500[6] and 28th on the list of the most valuable brands by Forbes.[7] In 2023, it was ranked 63rd in the Forbes Global 2000.[8] Amex also owns a direct bank.
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.[9] 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 2007–2008 financial crisis. Amex began operating airport lounges in 2013, offering access to certain cardholders.
Amex had a 4.61% worldwide market share by payment volume in 2022, compared to 38.73% for Visa and 24% for Mastercard. While American Express credit cards are accepted at 99% of US merchants that accept credit cards (Costco being the notable exception), they are much less accepted in Europe and Asia.[10][11] 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.[12]
^"AXP Financials". nasdaq.com. SEC EDGAR Online. 2022.
^ ab"US SEC: Form 10-K American Express Company". U.S. Securities and Exchange Commission. February 9, 2024.
^Grossman, Peter Z. (2006) [1987]. "2". American Express: The Unofficial History of the People Who Built the Great Financial Empire (Reprint). New York, USA: Beard Books. ISBN 1-58798-283-8.
^Loomis, Noel M. (1968). Wells Fargo. New York: Clarkson N. Potter, Inc.
^"Dow Jones Industrial Average". CNN. Archived from the original on October 14, 2013.
^"American Express". Fortune.
^"Forbes Rankings - The World's Most Valuable Brands". Forbes.
^"The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
^"COMPANY NEWS; AMERICAN EXPRESS FINISHES LEHMAN BROTHERS SPINOFF". The New York Times. June 1, 1994.
AmericanExpress Company (Amex) is an American bank holding company and multinational financial services corporation that specializes in payment cards...
The AmericanExpress Centurion Card, colloquially known as the Black Card, is a charge card issued by AmericanExpress. It is reserved for the company's...
Falmer Stadium, known for sponsorship purposes as the AmericanExpress Stadium and more commonly referred to as the Amex, is a football stadium in Falmer...
There have been several AmericanExpress Buildings, named for the AmericanExpress company, including: Three World Financial Center, New York City (current...
AmericanExpress Global Business Travel (Amex GBT, legally, Global Business Travel Group, Inc.) is a multinational travel management company headquartered...
Look up express in Wiktionary, the free dictionary. Express or EXPRESS may refer to: Express: Aisle to Glory, a 1998 comedy short film featuring Kal Penn...
Railway Express Agency (aka REA Express) (REA), founded as the American Railway Express Agency and later renamed the American Railway Express Inc., was...
The Pony Express was an Americanexpress mail service that used relays of horse-mounted riders between Missouri and California. It was operated by the...
American Orient Express, formerly the American European Express, operated a single luxury passenger train set in charter service between 1989 and 2008...
agreement. Today Mesa Airlines operates for American Eagle. Mesa Airlines operated America West Express from hubs at Sky Harbor International Airport...
formerly known as Three World Financial Center and also known as the AmericanExpress Tower, is one of four towers that comprise the Brookfield Place complex...
two mega corporates, Jahangir Siddiqui Investment Bank Limited and AmericanExpress Bank. JS Bank Limited currently operates branches across Pakistan,...
the back of the card, to the right of the signature box. The CSC for AmericanExpress is a four-digit code on the front of the card above the account number...
non-former America West Express routes. All US Airways Express flying was converted to American Eagle on October 17, 2015, when the merger between American and...
Lewis & The AmericanExpress. Although they played gigs under this name, in 1979, they recorded and released a single simply as "AmericanExpress". The single...
restaurants globally can be booked through Resy. Resy was acquired by AmericanExpress in 2019. Resy was founded in 2014 by Ben Leventhal, co-founder of Eater...
International Airport. The UP Express began operation on 6 June 2015, in time for the 2015 Pan American Games. The UP Express travels between Union and Pearson...
12, 1805 – December 10, 1878) was an American businessman important in the history of both the AmericanExpress Company and Wells Fargo & Company. Wells...
Glucksman was pressured into selling the firm. Shearson/AmericanExpress, an AmericanExpress-owned securities company focused on brokerage rather than...
The Sweetener Sessions (officially AmericanExpress x Ariana Grande: The Sweetener Sessions in the United States, and Capital Up Close Presents Ariana...
13 May 2008. Retrieved 28 November 2012. "AmericanExpress Fraud Prevention Handbook" (PDF). AmericanExpress. Retrieved 11 November 2014. often at the...
Australian costume designer Lizzy Gardiner wore a dress made of 254 AmericanExpress Gold cards to the 67th Academy Awards on 27 March 1995, where she won...