American Express
With its headquarters in New York City, the American Express Company is an international financial services company with a focus on credit and debit cards. It is among the 30 firms that make up the Dow Jones Industrial Average and one of the most valuable companies in the entire globe. The company's well-known traveler's checks, charge cards, and credit cards bear the gladiator or centurion that serves as the emblem, which was adopted in 1958. It maintains its corporate offices in the American Express Tower in the Lower Manhattan area of Battery Park City. They are the world's biggest supplier of traveler's checks.
The business, which began operations in 1850 as an express mail dispatcher, began offering banking and travel services to customers in the early 1900s. The first paper charge card from American Express was created in 1958, followed by the gold card in 1966, the green card in 1969, the platinum card in 1984, and the centurion card in 1999. The 1975 and 2005 iterations of the "Don't Go Home Without It" advertising campaign were launched.
Through its ownership of a part of Shearson Lehman Hutton, the company made and sold investments in the brokerage sector during the 1980s. In the 1990s, they stopped reducing interchange fees for businesses that only took their cards and used focused marketing initiatives to increase their market share. A bank holding company was formed during the financial crisis of 2008. In 2013, the company introduced its airport lounge amenity.
American Express' market value was $118.46 billion as of March 2023. By market cap, this places American Express as the 104th most valuable firm in the entire globe. The most recent financial reports from American Express indicate that the company's current revenue (TTM) is $52.56 billion. The corporation generated $43.14 billion in revenue in 2021, an increase from $36.08 billion in revenue in 2020.
Founded: March 18, 1850
Headquarters: 200 Vesey StreetManhattan, New York City, NY 10285, United States
Website: americanexpress.com
