AE

American Express

www.americanexpress.com link_icon

Company Research Report: American Express (NYSE: AXP)



Company Overview


  • Company Name: American Express Company

  • Mission: American Express is committed to providing customers with access to products, insights, and experiences that enrich lives and build business success.

  • Founded: 1850

  • Founders: No specific founding individuals mentioned.

  • Key People: No detailed information on specific key people available in provided data.

  • Headquarters: 200 Vesey Street, New York, NY 10285, USA

  • Number of Employees: No information is available.

  • Revenue: No information is available in the provided data. Refer to recent financial filings for up-to-date information.

  • Known For: American Express is known as a globally integrated payments company, particularly recognized for its card-issuing, merchant-acquiring, and card network businesses. It serves a broad range of customers, including consumers, small businesses, mid-sized companies, and large corporations worldwide.


Products


  • Product Offerings: American Express provides payment products and services, including its renowned card-issuing program.

  • Description of Products: The product range is focused on payment solutions that integrate into their customers’ personal and business financial activities.

  • Key Features:

  • Credit Cards: Various options suitable for personal, business, and corporate needs.

  • Membership Rewards: A rewards program that offers points for spending which can be redeemed for a variety of benefits.

  • Payment Services: Includes merchant services and acquiring capabilities.


Recent Developments


  • New Products/Features:

  • August 2024: Announcement about a nearly 16,000 square foot Centurion® Lounge planned to open at Salt Lake City International Airport in 2025.

  • August 15, 2024: Introduction of new perks for American Express® Card Members at the 2024 US Open Tennis Championships.

  • New Partnerships: No specific partnership details are available in the provided data.

  • Additional Developments:

  • Amex for Business Survey: Released results indicating that 90% of small businesses feel on track to meet their 2024 goals, reflecting the company’s engagement with and impact on the small business sector.


Conclusion


American Express continues to innovate and enhance its offerings within the payment solutions sector, as evidenced by its planned expansions and enhanced customer experiences. For further information on financials and key executives, refer to American Express’ filings with the Securities and Exchange Commission (SEC).

(Note: Data for some fields such as number of employees and specific revenue figures were not available in the provided extracts; hence, relevant and updated data should be directly sourced from formal financial disclosures or the company's annual reports.)