American Express Company

Industry: Consumer Financial Services

Fortune Rank: 88

American Express and its subsidiaries provide travel-related services, financial advisory services and international banking services worldwide. For the 6 months ended 6/30/05, revenues rose 10% to $15.58B. Net income before acctg. change rose 13% to $1.96B. Revenues reflect higher discount revenue, increased management and distribution fees and higher net investment income. Net income reflects a decrease in other operating expenses.

American Express Company, (American Express) is a provider of travel-related services, payment services, financial advisory services and international banking services throughout the world. The Company has three operating segments: Travel-Related Services (TRS), American Express Financial Advisors (AEFA) and American Express Bank (AEB). In December 2004, the Company sold its American Express Business Finance Corporation (AEBF), the equipment-leasing unit of American Express' small business division to Key Equipment Finance (KEF), a unit of KeyCorp. On February 1, 2005, American Express announced its intention to pursue a spin-off of its AEFA operating unit. Upon completion of the spin-off, there would be two distinct corporate groups: the American Express group and the American Express Financial Corporation (AEFC) group. On September 30, 2005, American Express completed the spin-off of Ameriprise Financial, Inc.

American Express Company

American Express Company is a Fortune 500 company. In 2010 American Express Company was ranked number 88 on the Fortune 500 list, making it the 88th largest company in the United States when judged by revenue.

American Express Company achieved revenue of $26,730.00 million in 2010 and earned a profit of $2,130.00 million.

American Express Company's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 74th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $31,877 million (a change of -5 million compared to 2010) and profits of $2,699 million (a change of 0 million compared to 2010).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then American Express Company would be ranked 68th rather than 88th due to its profits of $2,130 in 2010.

American Express Company Revenue* Profit* Fortune Ranking

* US$ Million

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