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  • Previous Rank315
  • Revenues ($M)$35,583
  • Revenue Percent Change5.2%
  • Profits ($M)$2,736.00
  • Profits Percent Change-49.4%
  • Assets ($M)$181,159.00
  • Employees55,000

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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Company Information

CEO
Stephen J. Squeri
Sector
Financials
Industry
Diversified Financials
HQ Location
New York City
Websitehttp://www.americanexpress.com
Years on Global 500 List24
Employees55,000

American Express Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$35,5835.2%
Profits ($M)$2,736.00-49.4%
Assets ($M)$181,159.00-
Total Stockholder Equity ($M)$18,227.00-

Profit Ratios

Profit as % of Revenues7.7%
Profits as % of Assets1.5%
Profits as % of Stockholder Equity15%