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Global 500

Bryan Bedder—Getty Images for American Expres

327

American Express

AXP

U.S.

There’s a new regime at American Express, after its legendary CEO Ken Chenault, who’d held the top job for 16 years, retired in early 2018. Now under Stephen Squeri, a 32-year employee, the company is thriving amid an expanding economy. American Express is seeing greater spending on its credit cards and faster growth on interest-earning loans, while also maintaining one of the lowest payment default rates in the industry. Although the accounting charge triggered by the new tax law took its 2017 profits down by nearly half, the company expects its business will ultimately benefit from reform—starting with lower tax rates this year.

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CEO

Stephen J. Squeri

Sector

Financials

Industry

Diversified Financials

HQ Location

New York City

Years on Global 500 List

24

Employees

55,000

Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$35,5835.2%
Profits ($M)$2,736.0-49.4%
Assets ($M)$181,159
Total Stockholder Equity ($M)$18,227
Profit Ratios
Profit as % of Revenues7.7%
Profits as % of Assets1.5%
Profits as % of Stockholder Equity15.0%
STOCK QUOTE
()0.00 0.00 (0)
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News about American Express

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A stake in India's One97 Communications would be new territory for the longtime investor.

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Supreme Court Defends American Express Business Model In Blow to Retailers

The retail industry says the AmEx practice has led to higher prices for shoppers.

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