American Express Company

American Express Company headquarters, HQ, New York
American Express HQ

The American Express Company or Amex (NYSE: AXP), headquartered in lower Manhattan, New York, is a global payment company offering a wide array of charge cards, credit cards, prepaid cards, business cards, gift cards, local currency corporate cards, non-card payment solutions as well as merchant and travel-related services to individuals, small and mid-sized companies, and large corporations in over 100 countries and territories. American Express is number one in customer satisfaction among credit card companies in the U.S., Hong Kong and Singapore according to JD Power credit card satisfaction study. Amex is well known for its Gold, Platinum and Green charge cards. It is the world’s fourth largest card network by number of cards in circulation as well as the 4th largest general-purpose card network in terms of purchase volume, after China UnionPay, Visa and MasterCard, according to company’s annual report. American Express has about 115 million cards in force including 55 million cards in the USA, each with an average annual spending of approximately $20,000. As of March 31, 2020, the company reported $186 billion in total assets, $78 billion in customer deposits, $72.5 billion in card member loans and $21 billion in shareholders' equity. The common shares of American Express are listed on the New York Stock Exchange (NYSE) and trade under the ticker symbol AXP, with a market capitalization of US$79 billion as of June 26, 2020. The company was founded in 1850 and today employs over 64,000 people.

 Financials

Total Revenue $43.556 billion (2019)
Net income $6.759 billion (2019)
Total assets $186.060 billion (03/2020)
Total equity $21.006 billion (03/2020)
Number of employees 64,500 (03/2020)

American Express some subsidiaries:
American Express Travel Related Services Company, Inc (principal operating subsidiary)
American Express National Bank (AENB)
AMEX Assurance Company
American Express Business Loan Corporation
American Express Company (Mexico) S.A. de C.V.
American Express Credit Corporation
American Express Europe Limited
Amex Canada, Amex Bank of Canada
Accertify, Inc
(In 2018, American Express Bank FSB merged with American Express Centurion Bank (based in Salt Lake City, Utah) to form American Express National Bank (AENB) with the FDIC number of 27471).

American Express Co. credit ratings (06/2020):
(Long Term/Short Term/Outlook)
Moody’s: A3/NR/Negative
Standard & Poor's: BBB+/A-2/Stable
Fitch: A/F1/Stable

Head office address:
200 Vesey Street
New York, NY, 10285
United States
Phone number: 1 (212) 640 2000
Credit card support: 1 800 528 4800
Website: www.americanexpress.com