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Global 500

Andrew Harrer — Bloomberg via Getty Images

315

American Express

AXP

U.S.

One of the most storied brands in the financial services industry, American Express fell on hard times of late. In 2015, the company announced that it would end its 16-year exclusive relationship with mega-retailer Costco, a big hit considering 1 in 10 Amex cards were issued by the wholesaler. The firm also reduced its prices to small merchants and beefed up the rewards it offers its customers to hold its own in a highly competitive credit card landscape. Nonetheless, American Express has been able to rebound. Its adjusted revenues (excluding Costco and foreign exchange) were up 5% in 2016, grew worldwide spending on its cards by 8%, and added more than a million new merchant locations in the U.S. in a bid to compete more aggressively with Visa and MasterCard.

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CEO

Kenneth I. Chenault

Sector

Financials

Industry

Diversified Financials

HQ Location

New York, NY

Years on Global 500 List

23

Employees

56,400

American Express is also featured in these fortune lists
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$33,823-1.8%
Profits ($M)$5,408.04.7%
Assets ($M)$158,893
Total Stockholder Equity ($M)$20,501
Profit Ratios
Profit as % of Revenues16.0%
Profits as % of Assets3.4%
Profits as % of Stockholder Equity26.4%
STOCK QUOTE
()0.00 0.00 (0)
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  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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News about American Express

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JPMorgan Chase and American Express are investors.

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Cryptocurrency references in corporate communications are already double what we saw in 2016.

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raceAhead: Ken Chenault on Diversity, Black Corporate Directors, Who Will Be The Corporate Colin Kaepernick?

American Express CEO Ken Chenault gets frank about diversity: It's a "real problem."

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