NYSE: AXPAmerican Express Co Statistics & Facts
Key American Express Co facts
- Founded
- 1850
- Headquarters
- New York, New York
- Founders
- Wells & Company, Livingston, Fargo & Company, Wells, Butterfield & Company
- IPO Date
- 1942-06-22
American Express Co Card Stats
American Express Co Cards
How many American Express cards are there?
There were over 141 million active Amex cards at the end of 2023. [1]
Date: Feb 9, 2024
American Express Co Cards by Region
Amex stats breaking down the total number of cards by location.
65.3 million of the 121.7 million active American Express cards at the end of 2021 were outside the US. [2]
Date: Feb 11, 2022
American Express Co Cards by Issuer
American Express stats breaking down the total number of cards by type/issuer.
80.2 million of the 141.2 million active American Express cards at the end of 2023 were issued directly by the company. [1]
Date: Feb 9, 2024
American Express Co Customer Stats
American Express Co Network Volumes
Who uses American Express?
Source:American Express
US consumer services
36%
Commercial services
31%
International card services
20%
Processed volumes
13%
American Express Co Average Customer Spending
How much does the average person spend on their Amex card?
Amex card holders spent an average of $24,059 each in 2023, up from $23,496 in 2022. [1]
Date: Feb 9, 2024
American Express Co Average Customer Spend by Region
American Express statistics breaking down the yearly average customer's spending by location.
The average American Express card holder in the U.S. charged $22,477 to their Amex card in 2021, up from $18,085 in 2020. [2]
Date: Feb 11, 2022
American Express Co Billed Business
How much do people charge to Amex cards per year?
American Express customers spent $1.46 trillion on their Amex cards in 2023, up from $1.34 trillion in 2022. [1]
Date: Feb 9, 2024
American Express Co Billed Business by Location
How much do people in the U.S. spend on their Amex cards per year?
American Express card holders in the U.S. spent $693.1 billion on their Amex cards in 2020. [3]
Date: Feb 12, 2021
American Express Co Billed Business by Card Type
Amex statistics breaking down the company's annual billed business figures by card type/issuer.
American Express card holders spent $139.9 billion using Amex cards issued by third-party partners in 2020. [3]
Date: Feb 12, 2021
American Express Co Black Card Facts
The official name for the Amex Black Card is the American Express Centurion Card. [4]
Date: Jul 23, 2020
The American Express Black Card is available via invitation only and a $10,000 initiation fee. [5]
Date: Jul 20, 2020
The Amex Black Card carries a $5,000 annual fee. [4]
Date: Jul 23, 2020
The Amex Black Card gives the cardholder access to VIP airport arrival services at 32 airports. [5]
Date: Jul 20, 2020
The American Express Black Card gives the cardholder access to benefits and perks such as round-the-clock concierge services, access to airport lounges, Equinox gym membership, credit that can be spent at high-end stores and elite status at hotels. [4]
Date: Jul 23, 2020
American Express Co Revenue & Expense Breakdown
American Express Co Revenue by Source
How does American Express make so much money?
Source:American Express
Discount revenue
$33.42B
Card fees
$7.26B
Service fees and other revenue
$5.01B
Processed revenue
$1.71B
American Express made $7.255 billion from card fees in 2023, up from $6.07 billion in 2022. [1]
Date: Feb 9, 2024
American Express Co Revenue by Region
Where does American Express make the most money?
Source:American Express
United States
$47.14B
EMEA
$5.63B
APAC
$4.37B
Latin America, Canada and the Caribbean (LACC)
$3.57B
Other
-$201.00M
$47.14 billion of American Express' $60.515 billion in 2023 revenue came from the US. [1]
Date: Feb 9, 2024
American Express Co Total Expenses
How much does American Express spend in a year?
American Express' operating expenses in 2023 amounted to $45.079 billion, up from $41.095 billion in 2022. [1]
Date: Feb 9, 2024
American Express Co Expenses by Type
Amex statistics breaking down the company's annual costs and expenses by type.
Source:American Express
Card member rewards
$15.37B
Business development
$5.66B
Card member services
$3.97B
Marketing
$5.21B
Salaries and employee benefits
$8.07B
Other
$6.81B
American Express spent $15.367 billion on card member rewards in 2023, up from $14 billion in 2022. [1]
Date: Feb 9, 2024
American Express Co Major Acquisitions
American Express acquired small business lender Kabbage in 2020. [8]
Date: Aug 17, 2020
American Express acquired digital payments automation platfrorm Acompay in 2019. [9]
Date: Jul 31, 2019
American Express acquired reservations and customer relationship management (CRM) company Resy in 2019. [10]
Date: May 15, 2019
American Express acquired airport lounge booking and reviews platform LoungeBuddy in 2019. [11]
Date: Mar 11, 2019
American Express acquired Japan-based restaurant reservation booking service Pocket Concierge in 2019. [12]
Date: Jan 15, 2019
American Express acquired British fintech startup Cake Technologies for $13.3 million in 2017. [13]
Date: Mar 23, 2018
American Express acquired antifraud software company Accertify for $150 million in 2010. [14]
Date: Nov 4, 2010
American Express acquired German marketing firm Loyalty Partner for €496 million (about $660 million) in 2010. [15]
Date: Dec 16, 2010
American Express acquired commercial credit card and corporate purchasing business Corporate Payment Services from General Electric (GE) for $1.1 billion in 2008. [16]
Date: Mar 28, 2008
American Express acquired payment systems company Harbor Payments in 2006. [17]
Date: Mar 27, 2008
American Express acquired financial services company Investors Diversified Services (IDS) for about $773 million in 1983. [18]
Date: Sep 27, 1983
American Express Co Employee Statistics
American Express Co Employees
How many employees does Amex have?
74,600 people were employed by American Express at the end of 2023, down from 77,300 in 2022. [1]
Date: Feb 9, 2024
American Express Co Employee Demographics
Is American Express diverse?
American Express Co Employees by Location
Where are American Express' employees based?
26,000 of the 74,600 people employed by American Express at the end of 2023 were based in the US. [1]
Date: Feb 9, 2024
American Express Co Miscellaneous Stats & Facts
In 1983, American Express ran a campaign for the restoration of the Statue of Liberty where it gave one cent to the cause every time one of their cards was used. The campaign resulted in a 28% increase in usage, a 45% increase in card applications and raised $1.7 million for the project. [20]
Date: Jul 18, 2017
American Express was founded in 1850 following a consolidation of three express companies: Wells & Company (owned by Henry Wells), Livingston, Fargo & Company (owned by William G. Fargo), and Wells, Butterfield & Company (owned by John Warren Butterfield). [21]
Date: Jan 12, 2001
Two of Amex's three founders ( Henry Wells and William G. Fargo) founded Wells Fargo in 1852 as Wells, Fargo & Co. [22]
Date: Mar 16, 2018
Sources
1.
American Express 2023 Annual Report
https://s26.q4cdn.com/747928648/files/doc_financials/2023/q4/American-Express-Company-10K-4Q2024.pdfDate: Feb 9, 2024
2.
American Express 2021 Annual Report
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000004962/d13acb37-2f7e-411d-8ed1-6516668bf861.pdfDate: Feb 11, 2022
3.
American Express 2020 Annual Report
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000004962/0dc0103f-bd50-40bc-83fd-8a741f073c15.pdfDate: Feb 12, 2021
4.
5.
Forbes
https://www.forbes.com/advisor/credit-cards/reviews/centurion-from-american-express/Date: Jul 20, 2020
6.
Visa FY 2023 Annual Report
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001403161/849d0b35-b550-4d4a-95e3-611146a657f2.pdfDate: Nov 13, 2023
7.
8.
American Express
https://about.americanexpress.com/all-news/news-details/2020/American-Express-to-Acquire-Kabbage/default.aspxDate: Aug 17, 2020
9.
10.
11.
American Express
https://about.americanexpress.com/all-news/news-details/2019/American-Express-To-Acquire-LoungeBuddy/default.aspxDate: Mar 11, 2019
12.
American Express
https://about.americanexpress.com/all-news/news-details/2019/American-Express-Acquires-Pocket-Concierge/default.aspxDate: Jan 15, 2019
13.
14.
15.
Bloomberg
https://www.bloomberg.com/news/articles/2010-12-16/american-express-to-buy-loyalty-partner-for-566-mln-in-cashDate: Dec 16, 2010
16.
17.
18.
The Washington Post
https://www.washingtonpost.com/archive/business/1983/09/27/american-express-buys-ids/41ab8f1d-0086-4fba-aa28-5d313f7da23f/Date: Sep 27, 1983
19.
American Express
https://s29.q4cdn.com/330828691/files/doc_downloads/esg_resources/2022/AXP-2021-2022-ESG-Report.pdfDate: Aug 4, 2022
20.
21.
22.
Company
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