American Express Co.

Overview

Date Founded

1850

Headquarters

200 Vesey Street, New York, NY, 10285, USA

Type of Company

Public

Employees (Worldwide)

59K

Industries

Consumer Finance
Retail & Commercial Banking

Company Description

American Express Co. engages in the provision of charge and credit card products, and travel-related services. It operates through the following segments: Global Consumer Services Group, Global Commercial Services, Global Merchant and Network Services and Corporate & Other. The Global Consumer Services Group segment issues a wide range of proprietary consumer cards globally. The Global Commercial Services segment provides proprietary corporate and small business cards, payment and expense management services, and commercial financing products. The Global Merchant and Network Services segment operates a global payments network that processes and settles card transactions, acquires merchants, and provides multi-channel marketing programs and capabilities, services, and data analytics. The Corporate & Other segment covers corporate functions and certain other businesses and operations. The company was founded by Henry Wells, William G. Fargo and John Warren Butterfield on March 28, 1850 and is headquartered in New York, NY.

Website

http://www.americanexpress.com

Contact Data

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In The News

Business Wire

December 12, 2019

American Express Declares Regular Quarterly Dividend

PR Newswire

December 12, 2019

Growth Intelligence & American Express Push the Boundaries of Personalisation in B2B Marketing

PR Newswire

December 10, 2019

RYU Proud Partner of the City of West Hollywood, American Express and We-Ho Chamber of Commerce With a Pop Up Experience with Global Partner & Ambassador Elisabeth Rohm

CNET

December 6, 2019

Get 3 months of Sling TV and a Google Nest Hub for $75 - CNET

News Bites Canadian Markets

December 6, 2019

Stock Weekly: Platinum Group Metals rises for a second consecutive week, a two-week rise of 2.3%

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Executives & Employees

Stephen J. Squeri

Chairman & Chief Executive Officer

Ken Chenault

President & Chief Operating Officer

Jeffrey C. Campbell

Executive Vice President & Chief Financial Officer

Elizabeth Rutledge

Chief Marketing Officer

Marc D. Gordon

Executive Vice President & Chief Information Officer

Laureen E. Seeger

Chief Legal Officer

Monique R. Herena

Chief Human Resources Officer

Jennifer Skyler

Chief Corporate Affairs Officer

Denise Pickett

President, Global Services Group

Anre D. Williams

Group President, Global Merchant & Network Services

Board of Directors

Stephen J. Squeri

Chairman & Chief Executive Officer at American Express Co.

Ted Leonsis

Co-Founder at Axiomatic LLC

John J. Brennan

Co-Founder at Catholic Investment Services, Inc.

Charlene Barshefsky

Chair, International Trade, Investment & Market Access Practice Group at Wilmer Cutler Pickering Hale and Dorr LLP

Anne Lauvergeon

Chief Executive Officer at A.L.P. SAS

Rafael De La Vega

Founder at De La Vega Group

Peter Chernin

Co-Chairman & Co-Founder at Malaria No More

Michael O. Leavitt

Former Governor of Utah

Ronald A. Williams

Chairman & Chief Executive Officer at RW2 Enterprises LLC

Chris Young

Chief Executive Officer at McAfee LLC

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American Express Co.

Owners & Shareholders

Details Hidden

Berkshire Hathaway, Inc. (Investment Management)

Berkshire Hathaway employs the value investing principles of Benjamin Graham. Their investment approach focuses on buying shares of companies as a long-term investment. The firm seeks to invest in businesses that are easy to understand and have high ROE, exceptional management teams and limited debt. Rather than a diversified stock portfolio, Berkshire Hathaway invests in a small number of trusted investments that are overweighed in order to leverage the expected returns. The firm owns stock in a diverse group of over 50 public and private companies in wide range of industries including, but not limited to, manufacturing, retail, energy and finance. Investments are typically financed using the float from Berkshire Hathaway, Inc.'s insurance operations. Securities are sold when the firm no longer feels comfortable with the fundamentals of a company.

Details Hidden

Wellington Management Company LP

Wellington Management's investment services rely on their extensive independent research and include portfolio management styles and approaches in equities, fixed income securities, currencies and commodities, as well as asset allocation across these categories. The firm has a number of different disciplines when approaching research and these include asset allocation analysts, currency analysts, data scientists, factor analysts, fixed income credit analysts, fixed income market analysts, global industry analysts and research associates, macroanalysts, quantitative analysts and technical analysts. Wellington Management's portfolio management teams often include dedicated analysts who evaluate securities and other instruments for suitability based on the team's investment approach. The firm supplements their internal research with external research from sources such as broker/dealers and third-party research firms. These sources typically provide data, research and analysis and may serve as a gauge of market consensus.

Details Hidden

Dodge & Cox, Inc.

Dodge & Cox employs in-house fundamental bottom-up research, a rigorous valuation discipline, and maintains a long-term investment horizon. Their investment decisions are made by a team of seasoned investment professionals. The firm's approach stresses an evaluation of risk relative to opportunity and they seek investments that they believe are undervalued by the market.

Recent Transactions

Details Hidden

American Express Co. purchases Resy Network, Inc. from Lerer Hippeau, A-Grade Investments, TOMS Capital LLC, Slow Ventures LLC, RSE Ventures LLC, RiverPark Ventures, Enlightened Hospitality Investments Management LLC

Details Hidden

American Express Co. purchases LoungeBuddy, Inc. from Benson Oak. spol. s r.o., The Founders Fund Management LLC, Concur Technologies (Venture Capital), Plug & Play Venture Group LLC

Details Hidden

ROBUR Industry Service Group GmbH purchases Emnos GmbH from American Express Co.

Transaction Clients

Accountant

LaserMedics

Advised on LaserMedics purchases Henley Healthcare, Inc. from Maxxim Medical, Inc.

Accountant

SEMX Corporation

Advised on Schwarzkopf Technologies Corp. LLC purchases Santier LLC from SEMX Corporation

Accountant

Catamaran PBM of Illinois, Inc.

Advised on Catamaran PBM of Illinois, Inc. purchases Centrus from Well Nation

Insider Transactions

Details Hidden

Ted Leonsis

Transaction Advisors

Accountant

Ernst & Young LLP

Advised onIndustrial & Commercial Bank of China /Investor Group purchases Industrial And Commercial Bank Of China Ltd.

Legal Advisor

Cleary Gottlieb Steen & Hamilton LLP

Advised on purchases Ameriprise Financial, Inc. from American Express Co.

Investment Advisor

Goldman Sachs & Co. LLC

Advised on purchases Ameriprise Financial, Inc. from American Express Co.

Legal Advisor

Martha E. McGarry

Advised onStandard Chartered PLC purchases Standard Chartered International (USA) Ltd. from American Express Co.

Investment Advisor

Alice Wong

Advised onAmerican Express Co. purchases Corporate Payment Services from General Electric Company

Co-Head of FIG Americas

Gary D. Howe

Advised onAmerican Express Co. purchases Corporate Payment Services from General Electric Company

Advisors & Consultants

Advisor

William M. Lewis, Jr.

Managing Director & Co-Chairman of Investment Banking at Lazard Ltd.

Advisor

Laurel J. Richie

Former Chief Marketing Officer at Girl Scouts of the USA

Consultant

Dipak Chand Jain

Co-President at China Europe International Business School

Clients

Wells Fargo & Co.

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. The firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

First Data Corporation

First Data Corp. engages in the provision of commerce-enabling technology and solutions; and payment technology and services. It operates through the following segments: Global Business Solutions; Global Financial Solutions; and Network and Security Solutions. The Global Business Solutions segment provides retail point-of-sale merchant acquiring and eCommerce services. The Global Financial Solutions segment provides credit solutions for bank and non-bank issuers, such as credit and retail private-label card processing; and licensed financial software systems, such as VisionPLUS bank processing application and lending solutions. The Network and Security Solutions segment provides EFT network solutions, such as STAR Network and debit card processing solutions. The company was founded in 1971 and is headquartered in New York, NY.

Square, Inc.

Square, Inc. engages in the provision of credit card payment processing solutions. It is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses. Once a seller downloads the Square Point of Sale mobile app, they can quickly and easily take their first payment, typically within minutes. Once on this system, sellers gain access to features such as next-day settlements, digital receipts, payment dispute management, data security, and Payment Card Industry (PCI) compliance. The firm offers additional point-of-sale services, financial services, and marketing services. The company was founded by Jack Dorsey and Jim McKelvey in February 2009 and is headquartered in San Francisco, CA.

Key Stats and Financials As of 2018

Market Capitalization

$97.4B

Total Enterprise Value

$116B

Earnings Per Share

$7.9

Revenue

$43.3B

Net Profit

$6.87B

Five Year Compounded Annual Growth Rate Of Revenue

4.38%

Total Debt

$61.5B

Total Equity

$22.3B

Enterprise Value Sales

2.68x

TEVNet Income

16.89x

Debt TEV

0.53x

EBITDAMargin

34.93%

Enterprise Value EBITDAOperating

7.67x

EBITDA

$15.1B

Three Year Compounded Annual Growth Rate Of Revenue

7.91%

Non-Profit Donations & Grants

$25K - $50K

2017

Ronald McDonald House of New York, Inc.

$250K - $1M

2017

The Mission Continues

$15K - $25K

2016

Pencil, Inc.

Non-Profit Donations & Grants Received

$100

12/31/2016

Rosalind PIO Costa Foundation Inc.

$150

12/31/2015

Rosalind PIO Costa Foundation Inc.

$250

06/30/2013

Ronald Simon Family Foundation

Political Donations

$2,000

2014

Theodore Deutch

$2,500

2014

Mike Thompson

$1,000

2014

Xavier Becerra

Investments

Details Hidden

Inspirato LLC

Inspirato LLC operates as a private vacation club for travelers. It offers various membership options to individuals; and vacation travel services to businesses. The firm also provides various vacation properties, private vacation homes, signature residences, villas, adventure travel experiences, and club benefits and privileges. The company was founded by Bradley Handler, Brent Handler, Martin J. Pucher and Brian Corbett in November 2010 and is headquartered in Denver, CO.

Details Hidden

GBT US LLC

GBT US LLC provides global business travel services. It offers end-to-end corporate travel and meetings program management for companies of all sizes and across all industries. The firm's services include tools for travelers, traveler managers and business consulting services. The company is headquartered in New York, NY.

Details Hidden

Loyalty Solutions & Research Pvt Ltd.

Loyalty Solutions & Research Pvt Ltd. provides loyalty programs. It presents many advantages over traditional, stand-alone customer loyalty schemes restricted to one brand or company only. The firm's power stems from pooling loyalty benefits from many attractive partners: Using one single card, members earn loyalty points when they shop at a wide range of different merchants and brands - offline and online. The company was founded by Vijay Bobba and is headquartered in Gurgaon, India.

Investors

Details Hidden

Gokul Rajaram

Partner at Firebolt Ventures Management Co. LLC

Details Hidden

Amit Singhal

Advisor & Angel Investor at Mez Mobile, Inc.

Details Hidden

Jared Leto

Lead Singer-30 Seconds to Mars at Interscope Records, Inc.

Suppliers

Pegasystems Inc. IT Consulting & Services | Cambridge, Massachusetts

Pegasystems, Inc. engages in the development, market, license, and support of software, which allows organizations to build, deploy, and change enterprise applications. The company was founded by Alan Trefler in 1983 and is headquartered in Cambridge, MA.

US Dataworks, Inc. Computer Software | Sugar Land, TX

US Dataworks, Inc. develops, markets and supports payment processing software solutions to the financial institutions, businesses and government entities. Its products include Integrated Receivables, Electronic Invoicing, Image Cash Letter and ClearView ACH-X9. The company was founded by Mario Villarreal in 1997 and is headquartered in Sugar Land, TX.

SmartPros Ltd. Computer Software | Hawthorne, New York

SmartPros Ltd. provides education and content publishing and development services. Its products and services are primarily focused in specific markets, including accounting, finance, legal, engineering, securities, and insurance as well as banking and information technology. The company deliver training solutions for accountants, attorneys, securities/financial services professionals, engineers, and many other professionals. The company's content is available in text and video-based formats, deliverable through various mediums as well as through live education and webinars, and can be customized to meet the specialized needs of its clients. SmartPros was founded by Jack Fingerhut and William K. Grollman in April 1981 and is headquartered in Hawthorne, NY.

Competitors

Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

MasterCard, Inc. Consumer Finance - Purchase, New York

MasterCard is a technology company and payments industry leader. For more than four decades, we have been a driving force at the heart of commerce, making the global economy safer, more efficient, more inclusive and more transparent for all. Consumers, merchants, business partners and governments in markets around the world have reaped the benefits of our innovative products and solutions which, simply put, are designed to make life easier

PayPal Holdings, Inc. IT Consulting & Services - San Jose, California

PayPal Holdings, Inc. engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions. It allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. It enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, PayPal Credit account, credit and debit card or other stored value products. It offers consumers person-to-person payment solutions through its PayPal Website and mobile application, Venmo and Xoom. The company was founded in December 1998 and is headquartered in San Jose, CA.

Awards & Honors

Rank #69

2017

Fortune Magazine - The 100 Best Companies to Work For