- Business
- American Express Company (NYSE: AXP; FWB: AEC1.DE) operates as a global payments company that provides premium credit and charge cards; consumer lending products including personal loans and savings accounts; business payment solutions encompassing corporate cards, expense management tools, and commercial financing; travel-related services via its Global Business Travel division; merchant network services processing transactions across over 200 countries and territories with acceptance at more than 100 million locations; and digital platforms offering rewards programs, high-touch customer support, and lifestyle benefits such as dining credits, hotel perks, and streaming services for affluent consumers, small-to-medium enterprises, and large corporations worldwide. Founded in 1850 and headquartered in New York City, the company structures its operations into key segments including U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services, targeting high-spending individuals and businesses through differentiated experiences backed by advanced technology and data analytics. In recent developments, American Express completed the acquisition of Center in April 2025 to enhance expense management for small-to-medium businesses by integrating its software with corporate cards; its Global Business Travel unit closed the CWT acquisition on September 2, 2025, accelerating revenue growth with $155 million in identified synergies and forming a strategic alliance with SAP Concur to co-develop a next-generation travel and expense solution; refreshed its Platinum Card in 2025 with an $895 annual fee and over $3,500 in annual benefits including new credits for Resy reservations, Lululemon, Oura, and expanded hotel perks; and executed significant share repurchases totaling over $13.5 billion for 59 million shares while revising its 2025 outlook to 9-10% revenue growth and earnings per share of $15.20-$15.50.