American Express Financial Performance from Time to Time– American Express is a multinational integrated payment company that provides access to credit and charge cards to consumers, small businesses, mid-sized companies, and large corporations across the world. Historically, American Express was founded in 1850 as a joint-stock association and was incorporated in 1965 as a New York corporation.
Nowadays, these companies are Global Consumer Services Group (GCSG), Global Commercial Services (GCS), and Global Merchant and Network Services (GMNS). Along with the development of the company business, the company has headquarters in Vesey Street, Manhattan, New York City. Overall, they can employ 63 thousand people around the world.
The Assets, Liability, and Equity of American Express
| Years | Assets | Liabilites | Equities |
|---|---|---|---|
| Million US Dollar | Million US Dollar | Million US Dollar | |
| 2006 | 128,329 | 117,818 | 10,511 |
| 2007 | 149,830 | 138,801 | 11,029 |
| 2008 | 126,074 | 114,223 | 11,851 |
| 2009 | 124,088 | 109,682 | 14,406 |
| 2010 | 146,689 | 130,459 | 16,230 |
| 2011 | 153,337 | 134,543 | 18,794 |
| 2012 | 153,140 | 134,254 | 18,886 |
| 2013 | 153,375 | 133,879 | 19,496 |
| 2014 | 159,103 | 138,430 | 20,673 |
| 2015 | 161,184 | 140,511 | 20,673 |
| 2016 | 158,893 | 138,932 | 19,961 |
| 2017 | 181,159 | 162,932 | 18,227 |
| 2018 | 188,602 | 166,312 | 22,290 |
| 2019 | 198,321 | 175,250 | 23,071 |
| 2020 | 191,367 | 168,383 | 22,984 |
| 2021 | 188,548 | 166,371 | 22,177 |
| Source : American Express Annual Report, 2006-2021 | |||
Financially, American Express showed positive performance but slightly increasing of value Assets and equities from 2006 to 2021. in 2006, the asset is just 128 billion US dollars with equity of around 10 billion US dollars. Meanwhile, in 2021, the asset become 188 billion US dollars with equity of around 22 billion US dollars.
Based on the financial ratio, The average of Debt-to-Equity Ratio of the company is around 8.0. This vale means that the percentage of the liability is 800% of equity or 8 times more than equity. Meanwhile, the average debt to asset ratio of American Express is 0.88. Basically, this value means that the percentage of liability is 88% from assets or every 1 US Dollar of assets contains 0.88 US dollars of liability.
The Net Income of American Express
| Year | Net income |
|---|---|
| Million US Dollar | |
| 2006 | 3,707 |
| 2007 | 4,012 |
| 2008 | 2,699 |
| 2009 | 2,130 |
| 2010 | 4,057 |
| 2011 | 4,935 |
| 2012 | 4,428 |
| 2013 | 5,359 |
| 2014 | 5,885 |
| 2015 | 5,163 |
| 2016 | 5,408 |
| 2017 | 2,748 |
| 2018 | 6,921 |
| 2019 | 6,759 |
| 2020 | 3,135 |
| 2021 | 8,060 |
| Source : American Express Annual Report, 2007-2021 | |
Based on the business performance from 2006 to 2021, this company also showed a growth positive performance. In 2006, the company can get a net income of around 3.7 billion US dollars, and it can grow to 8 billion US Dollars in 2021.
Bibliography of American Express Financial Performance from Time to Time
Wikipedia.2022. American Express. Accessed via https://en.wikipedia.org/wiki/American_Express on April 10th, 2022.
American Express. 2022. Annual report. Accessed via https://ir.americanexpress.com/investor-relations/default.aspx on April 10th, 2022