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  • Previous Rank302
  • Revenues ($M)$33,823
  • Revenue Percent Change-1.8%
  • Profits ($M)$5,408
  • Profits Percent Change4.7%
  • Assets ($M)$158,893
  • Employees56,400

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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Company Information

CEO
Kenneth I. Chenault
Sector
Financials
Industry
Diversified Financials
HQ Location
New York, NY
Websitehttp://www.americanexpress.com
Years on Global 500 List23
Employees56,400

American Express Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$33,823-1.8%
Profits ($M)$5,4084.7%
Assets ($M)$158,893-
Total Stockholder Equity ($M)$20,501-

Profit Ratios

Profit as % of Revenues16%
Profits as % of Assets3.4%
Profits as % of Stockholder Equity26.4%