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American Express Co AXP Stock Quote

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Morningstar‘s Stock Analysis AXP

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American Express Well Positioned as Travel Recovery and Fee Increases Create Tailwinds for Growth

Michael Miller Equity Analyst

Business Strategy and Outlook

| Michael Miller |

American Express has enjoyed a strong start to 2022 as the company’s payment volume benefited from a recovery in travel and entertainment spending (roughly 30% of prepandemic billings) as pandemic fears faded. American Express generates more than 80% of its revenue through noninterest income, with its largest source of revenue being the discount rate charged to merchants when they accept payment from one of its cardholders. This means that a recovery in travel and entertainment spending has a direct impact on the company’s revenue.

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Key Statistics AXP

Company Profile AXP

Business Description

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.

200 Vesey Street
New York, NY, 10285
T +1 212 640-2000
Industry Credit Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 64,000

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