American Express Company (NYSE: AXP)
Credit Services · New York, NY, United States · Founded 1850
- Market capitalization: $190.0 billion
- Annual revenue: $27.82 billion
- Net income: $10.83 billion
- Employees: 77,300
- Sector: Financial Services
- Headquarters: New York, United States
- Founded: 1850
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American Express is a premium payments company with about 140 million cards in force worldwide and roughly $61 billion in annual revenue. Unlike Visa and Mastercard, Amex operates a closed-loop network — it's the card issuer, the network, and often the acquirer. The company targets affluent consumers and businesses, with an average cardholder income significantly higher than Visa or Mastercard holders. Amex cards carry the highest average transaction size in the industry.
Three revenue streams: discount revenue (merchant fees on transactions — the largest), net card fees (annual fees from premium cards like Platinum and Gold), and net interest income (from cardholders who carry balances). The premium positioning allows Amex to charge merchants higher fees (~2.2% vs. ~1.7% for Visa/MC) because Amex cardholders spend more. Card fee revenue has been growing rapidly as premium card demand surges.
Founded in 1850 as an express mail company in Buffalo, New York. Amex launched its first charge card in 1958, competing with Diners Club. The Platinum Card debuted in 1984 as an ultra-premium product. Warren Buffett's Berkshire Hathaway has been a major shareholder since the 1990s, currently owning about 21%. CEO Stephen Squeri has led since 2018, driving strong growth in younger demographics.
| Market Capitalization | $190.0B |
| Annual Revenue | $27.82B |
| Net Income | $10.83B |
| Profit Margin | 39% |
| Revenue per Employee | $359897K |
| Stock Exchange | NYSE |
| Ticker Symbol | AXP |
Financial data is approximate and based on most recent annual filings.
The Centurion Card (Black Card) is invitation-only with a $10,000 initiation fee and $5,000 annual fee — and there's still a waitlist. Amex's "membership has its privileges" positioning means it spends more on cardholder rewards and perks than most companies spend on their entire marketing budgets. Millennials and Gen Z are now the fastest-growing demographic for Amex — shattering the perception that it's an "old person's card."
Amex's premium positioning is a structural advantage — affluent consumers are more recession-resistant and spend more. The brand's resurgence with younger demographics ensures the growth story has legs for years.
What is American Express Company's revenue?
American Express Company generates approximately $27.82 billion in annual revenue.
How many employees does American Express Company have?
American Express Company employs approximately 77,300 people worldwide.
What is American Express Company's market cap?
American Express Company (AXP) has a market capitalization of approximately $190.0 billion on the NYSE.
When was American Express Company founded?
American Express Company was founded in 1850 and is headquartered in New York, NY, United States.
Who is the CEO of American Express Company?
Stephen Squeri is the current CEO of American Express Company.
What is American Express Company's website?
American Express Company's official website is americanexpress.com.
| CEO | Stephen Squeri |
| Sector | Financial Services |
| Industry | Credit Services |
| Founded | 1850 |
| HQ | New York, NY |
| Country | United States |
| Website | americanexpress.com |
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