American Express Company (AXP) Bundle
A Brief History of American Express Company (AXP)
Company Overview
American Express Company (NYSE: AXP) headquartered in New York City, with a market capitalization of $132.79 billion as of January 2024.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $56.4 billion |
| Net Income | $7.99 billion |
| Total Assets | $245.7 billion |
| Employees | 64,500 |
Key Business Segments
- Global Commercial Services
- Global Consumer Services
- Global Merchant Services
Global Presence
Operates in 130 countries with approximately 133 million cards in circulation globally.
Credit Card Statistics
| Card Type | 2023 Numbers |
|---|---|
| Platinum Cards | 3.5 million |
| Gold Cards | 5.2 million |
| Corporate Cards | 1.8 million |
Stock Performance
Stock price range in 2023: $124.87 to $171.55, with dividend yield of 1.56%.
Digital Transformation
- Mobile payment transactions: 65% increase in 2023
- Digital wallet users: 22.4 million
- Online transaction volume: $187 billion
Who Owns American Express Company (AXP)
Institutional Shareholders
As of Q4 2023, the top institutional shareholders of American Express Company include:
| Institutional Investor | Shares Owned | Percentage of Ownership |
|---|---|---|
| Berkshire Hathaway Inc. | 151,610,700 | 20.15% |
| The Vanguard Group, Inc. | 83,308,458 | 11.08% |
| BlackRock Inc. | 71,641,804 | 9.53% |
| State Street Corporation | 45,101,716 | 6.00% |
Major Shareholders
Detailed ownership breakdown:
- Warren Buffett's Berkshire Hathaway remains the largest single shareholder
- Institutional investors collectively own approximately 89.5% of AXP shares
- Retail investors own the remaining 10.5% of shares
Insider Ownership
Insider ownership details as of 2024:
| Insider Category | Number of Shares | Percentage |
|---|---|---|
| Executive Officers | 2,345,678 | 0.31% |
| Directors | 1,456,789 | 0.19% |
Public Float
Total public float: 751,234,567 shares
Ownership Concentration
- Top 5 institutional investors control approximately 46.76% of total shares
- Berkshire Hathaway owns more than 20% of outstanding shares
American Express Company (AXP) Mission Statement
Corporate Mission Overview
American Express defines its mission as: "Provide the world's best customer experience every day by delivering differentiated products and services, supporting our colleagues, investing in our communities, and creating value for shareholders."
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $56.4 billion |
| Net Income | $10.2 billion |
| Total Assets | $249.4 billion |
| Market Capitalization | $132.7 billion |
Key Strategic Focus Areas
- Global payment network expansion
- Digital technology innovation
- Customer experience enhancement
- Corporate sustainability initiatives
Customer Base Statistics
| Customer Segment | Number |
|---|---|
| Total Card Members | 133.3 million |
| Commercial Card Users | 41.5 million |
| Consumer Card Users | 91.8 million |
Global Operational Reach
- Presence in 130 countries
- Over 65 million merchant locations worldwide
- 17,900 corporate employees
Corporate Sustainability Commitments
| Sustainability Goal | Target Year |
|---|---|
| Net-zero greenhouse gas emissions | 2035 |
| Renewable energy usage | 100% by 2030 |
How American Express Company (AXP) Works
Business Model
American Express operates as a global financial services corporation focused on payment card services, travel, and expense management.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $56.0 billion |
| Net Income | $10.8 billion |
| Total Assets | $249.4 billion |
| Market Capitalization | $132.4 billion |
Revenue Streams
- Card Member Spending
- Annual Card Fees
- Interest Income
- Travel Services
- Merchant Transaction Fees
Card Portfolio
| Card Type | Number of Cards |
|---|---|
| Consumer Cards | 53.5 million |
| Commercial Cards | 10.8 million |
Global Presence
Operating in 130 countries with 133.3 million cards in circulation as of 2023.
Key Performance Indicators
- Return on Equity: 34.2%
- Net Charge-Off Rate: 2.1%
- Customer Retention Rate: 90.3%
Technology Infrastructure
Advanced digital payment platforms processing $1.4 trillion in annual transaction volume.
| Digital Service | User Base |
|---|---|
| Mobile App Users | 48.5 million |
| Online Account Management | 72.3 million |
How American Express Company (AXP) Makes Money
Revenue Streams
American Express generates revenue through multiple channels:
| Revenue Source | 2023 Revenue |
|---|---|
| Discount Revenues | $27.7 billion |
| Net Interest Income | $8.9 billion |
| Card Member Fees | $6.5 billion |
| Other Fees | $2.3 billion |
Key Business Segments
- U.S. Consumer Services
- Global Commercial Services
- Global Merchant Services
- Global Travel Services
Transaction Processing Revenue
Transaction processing generates significant income through:
- Merchant transaction fees: 2.5% - 3.5% per transaction
- Annual card membership fees: $95 - $695 depending on card type
- Interest charges on outstanding balances: 17.99% - 29.99% APR
Credit Card Portfolio Performance
| Metric | 2023 Value |
|---|---|
| Total Card Members | 133.3 million |
| Total Network Volume | $1.4 trillion |
| Total Loans | $96.3 billion |
International Revenue Breakdown
| Region | 2023 Revenue |
|---|---|
| United States | $41.6 billion |
| International Markets | $6.8 billion |
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