American Express (NYSE:AXP) (NYSE: AXP) is a diversified global financial services firm known primarily for its charge and credit card products, merchant acquisition, and travel-related services. The company’s core business centers on providing consumers and businesses with payment solutions through its proprietary network, which facilitates secure transactions and value-added offerings such as rewards, insurance, and concierge services. In addition to consumer cards, American Express operates a robust commercial payments segment, serving small enterprises, mid-sized companies, and large corporations with expense management, supplier financing, and corporate card programs.
Founded in 1850 as an express mail business in Buffalo, New York, American Express transitioned into financial services in the mid-20th century with the launch of its first charge card in 1958. Over the decades, it has built a diverse portfolio of products, including co-branded credit cards with major airlines and retailers, the premium Centurion and Platinum Cards, and digital payment solutions for emerging markets. The company has also expanded its offerings to include travel booking and group travel management through its Global Business Travel unit, leveraging decades of expertise in logistics and customer service to support both leisure and corporate travelers.
Today, American Express maintains a presence in more than 130 countries and territories, serving tens of millions of card members and millions of merchants worldwide. Headquartered in New York City, the company is led by Chairman and Chief Executive Officer Stephen J. Squeri, under whose leadership American Express continues to invest in digital innovation, cybersecurity, and customer loyalty programs such as Membership Rewards. Guided by a focus on premium customer experiences and strategic partnerships, American Express aims to deliver differentiated value to its diverse client base across retail, commercial, and travel sectors.
