American Express benefited from a rebound in both leisure and business travel in 2021: The company notched 14% year-over-year revenue growth in 2021, and profit for the year nearly doubled, to $8.1 billion. The company also claimed significant success in signing up new millennial and Gen Z consumers for its premium credit cards. American Express broke with some of its financial-services competitors by launching and endorsing an official hybrid work model, dubbed Amex Flex, with hybrid workers reporting to the office roughly two days a week; the company reported in March 2022 that more than 40% of its workforce had chosen this option.
Bryan Bedder—Getty Images for American Express

Company Information

As of 2/1/2023
Country
U.S.
Headquarters
New York City
Industry
Consumer Credit Card and Related Services
CEO
Stephen J. Squeri
Company Type
Public
Ticker
AXP
Revenues ($M)
$55,625
Profits ($M)
$7,514
Market Value ($M)
$113,280
Employees
64,000
Figures are for fiscal year ended Dec. 31, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.

Key Financials (Last Fiscal Year)

$ millions
% change
Revenues ($M)
$43,663
14.3%
Profits ($M)
$8,060
157.1%
Assets ($M)
$188,548
-
Total Stockholder Equity ($M)
$22,177
-

Profit Ratios

Profit as % of Revenues
18.5%
Profits as % of Assets
4.3%
Profits as % of Stockholder Equity
36.3%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)
10
EPS % Change (from 2020)
165.8%
EPS % Change (5 year annual rate)
12.1%
EPS % Change (10 year annual rate)
9.3%

Total Return

Total Return to Investors (2021)
36.8%
Total Return to Investors (5 year, annualized)
18.8%
Total Return to Investors (10 year, annualized)
14.8%

American Express Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2021$38,185-18.8%$3,135-53.6%$191,367$22,984
2020$47,0208.6%$6,759-2.3%$198,321$23,071
2019$43,28121.6%$6,921153.0%$188,602$22,290
2018$35,5835.2%$2,736-49.4%$181,159$18,227
2017$33,823-1.8%$5,4084.7%$158,893$20,501
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