American Express's Competitors, Revenue, Number of Employees, Funding and Acquisitions

American Express is a financial services company offering credit, corporate and charge cards and insurance products for ... Read more

Based on data from American Express's latest SEC filings

Annual Revenue

Based on data from American Express's latest SEC filings

Employees

Stephen Squeri's photo - Chairman & CEO of American Express

Chairman & CEO

Stephen Squeri

CEO Approval Rating

67/100

OVERVIEW

Founded:

1850

Headquarters:

New YorkNew York

Status:

PublicIndependent Company of NYSEAXP

Industry Sector:

Diversified Financial Services

SIC Code:

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Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

UnionPay has been one of American Express's top competitors. UnionPay's headquarters is in Pudong New District, Other, and was founded in 2002. Like American Express, UnionPay also competes in the Diversified Financial Services field. UnionPay generates 9.56% of American Express's revenue.

Visa is one of American Express's top rivals. Visa is a Public company that was founded in San Francisco, California in 1958. Like American Express, Visa also works within the Diversified Financial Services industry. Visa has 42,000 fewer employees vs. American Express.

MasterCard is perceived as one of American Express's biggest rivals. MasterCard was founded in 1966, and is headquartered in Purchase, New York. MasterCard is in the Technology Hardware industry. MasterCard generates $26.1B less revenue vs. American Express.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Stephen Squeri

Chairman & CEO

- -
59,000
$1B
$41.8B
1

Wenchao Shi

President

68/100
538
- -
$4B
2

Alfred F. Kelly

CEO

70/100
17,000
$23.9B
$22.3B
3

Ajay Banga

President & CEO

98/100
14,800
$2.4B
$15.6B
4

Roger Hochschild

President & CEO

73/100
16,600
- -
$11.1B
5

CEO

- -
312
- -
$4.4M
6

Peng Lei

CEO

71/100
2,004
$4.5B
$100M
7

Dan Schulman

President & CEO

86/100
21,800
$260.2M
$16.3B
8

C. Allen Parker

CEO

44/100
258,700
- -
$86.1B
9

Jack Dorsey

Chairman & CEO

92/100
3,349
$962.7M
$3.9B
10

Richard D. Fairbank

Chairman & CEO

54/100
47,600
- -
$28.2B

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$41.8B

American Express's revenue is the ranked 2nd among it's top 10 competitors. The top 10 competitors average 20.9B. Over the last four quarters, American Express's revenue has grown by 6.8%. Specifically, in Q2 2019's revenue was $10.8B; in Q1 2019, it was $10.4B; in Q4 2018, it was $10.5B; in Q3 2018, American Express's revenue was $10.1B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

-

Jul 2019

Source »
undisclosed
-
Resy Network, Inc.

May 2019

Source »
undisclosed
Resy is an online platform that allows users to search and book for restaurants.
LoungeBuddy, Inc.

Mar 2019

Source »
undisclosed
LoungeBuddy develops a web and mobile based application that allows users to discover, book and access airport lounges.
Pocket Concierge Inc.

Jan 2019

Source »
undisclosed
Pocket Concierge is an online platform that enables to make reservations at restaurants.
Mezi

Jan 2018

Source »
$125M
Mezi is an AI-based virtual travel assistant that helps users to send requests and book for flights, hotels and restaurants.

These are all the companies that American Express has acquired. American Express has acquired 7 companies and its latest acquisition was in Jul 2019.

American Express Funding History

Since American Express was founded in 1850, it has participated in 1 round of funding. In total American Express has raised $1.0B. American Express' funding round was on Aug 2015 for a total of $1.0B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
Aug 2015
$1B

ValueAct Capital

Total Funding: $1B

Since American Express was founded in 1850, it has participated in 1 round of funding. In total American Express has raised $1.0B. American Express' funding round was on Aug 2015 for a total of $1.0B

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

MishiPay is a mobile application that allows shoppers to self-scan and pay for products in stores.
$4.4M
Sep 23, 2019
Series A
-
Drum is a sales force platform that offers marketing automation and digital advertising solutions to businesses.
$11M
Sep 22, 2019
Seed
-
Trulioo is a financial technology company that provides instant electronic identity and address verification solutions for businesses.
$45.3M
Sep 16, 2019
Series C
-
Better is an online lending platform that allows users to apply for home refinancing and purchasing loans.
$160M
Aug 18, 2019
Series C
-
Albert Corporation provides a mobile application that allows users to track finances and make personalized recommendations.
$12.1M
Nov 08, 2018
Equity
-

These are all the companies that American Express has invested in. American Express has invested 7 companies and its latest investment was in Jul 2019.

American Express News

October 14, 2019The Paypers

Menlo Security enters Australian market with USD 110 million funding round

(The Paypers) Menlo Security, a global enterprise cloud security provider, has entered the Australian... See more »
October 14, 2019The Paypers

Amex employee accesses customer info fraudulently

(The Paypers) American Express (Amex) has sent a data breach notification to a group of its customers... See more »
October 14, 2019The Points Guy

Is the Amex Business Platinum Worth the Annual Fee?

The premium credit card category has become crowded in recent years, putting competitive pressure on ... See more »
October 11, 2019Banking Technology

Amex admits to data breach from employee trying to commit fraud

Card numbers and social security numbers were compromised.... See more »
October 11, 2019BandT Australia

Studio Messa Lands Amex Partnership

Studio Messa's CFO had to quickly cancel the corporate MasterCard after news of his client win.... See more »
October 10, 2019Business Insider

The Blue Cash Preferred and Wells Fargo Propel are 2 of the best cash-back credit cards available now. We compared them to find your best option.

Alyssa Powell/Business InsiderIf you prefer earning cash back to earning travel rewards points or mil... See more »
October 9, 2019Campaign

American Express offers fan experiences during BFI London Film Festival

Headline sponsor aims to provide 'red carpet moments'.... See more »

American Express Press Releases

September 11, 2019WebWire

American Express 2019

The following announcement is based on an internal note to American Express employees from Stephen J.... See more »
September 11, 2019O'Dwyer's PR News

WeWork�s Skyler Charges to AmexCo

Jen Skyler, who was the first communications hire at WeWork, is joining American Express as chief cor... See more »
August 27, 2019WebWire

American Express Executives to Participate in Upcoming Conferences

American Express (NYSE:AXP) Chief Financial Officer, Jeffrey C. Campbell, will participate in the Bar... See more »
August 22, 2019Business Wire

Lola.com Adds Hundreds of Customers in H1 2019 as Partner Strategy and SMB Focus Gain Traction

BOSTON--(BUSINESS WIRE)--#G2--American Express Global Business Travel (GBT) commercial partnership an... See more »
August 21, 2019PR Newswire

American Foundation for the Blind Receives Funding from American Express to Launch Blind Leaders Development Program

WASHINGTON, Aug. 21, 2019 /PRNewswire/ -- The American Foundation for the Blind (AFB) has received a ... See more »
August 20, 2019Business Wire

American Express Returns to the 2019 US Open Tennis Championships to Back Card Members

NEW YORK--(BUSINESS WIRE)--Entering its 26th year of partnership with the United States Tennis Associ... See more »
August 7, 2019PRWeb

Cruise Planners, an American Express Travel Representative, becomes Trustee of Coral Springs Regional Chamber of Commerce 2019

Cruise Planners committed to the City of Coral Springs, where the company's 135 team-member Home Offi... See more »

American Express Videos

Social Statistics

Headquarters

200 Vesey Street 50th Floor

New York, New York10285

212-640-2000

Driving Directions »

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Summary

ABOUT

Overview

American Express Co. (NYSE: AXP) is a financial services company that provides credit cards, charge cards, travel and insurance products. It was founded in 1850 as a joint stock corporation by the merger of the express companies owned by Henry Wells (...

CEO

American Express's Chairman & CEO, Stephen Squeri, currently has an approval rating of 67%. American Express's primary competitors are UnionPay, Visa & MasterCard.

Website

americanexpress.com

Frequently Asked Questions about American Express

  1. When was American Express founded?

    American Express was founded in 1850
  2. Who is American Express's CEO?

    American Express's CEO is Stephen Squeri
  3. How much revenue does American Express generate?

    American Express generates $41.8B in revenue
  4. How much funding does American Express have?

    American Express has historically raised $1B in funding
  5. Where is American Express's headquarters?

    American Express's headquarters is in New York New York, USA
  1. How many employees does American Express have?

    American Express has 59,000 employees
  2. What sector does American Express operate in?

    American Express is in Diversified Financial Services
  3. Who are American Express's competitors?

    American Express's top competitors are UnionPay, Visa, MasterCard
  4. Who has American Express invested in?

    American Express's has invested in companies such as MishiPay, Drum, Trulioo