American Express Financial Performance from Time to Time

American Express Financial Performance from Time to Time

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.

American Express Financial Performance from Time to Time- The product of American Express

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

YearsAssetsLiabilitesEquities
Million US Dollar Million US Dollar Million US Dollar
2006128,329117,81810,511
2007149,830138,80111,029
2008126,074114,22311,851
2009124,088109,68214,406
2010146,689130,45916,230
2011153,337134,54318,794
2012153,140134,25418,886
2013153,375133,87919,496
2014159,103138,43020,673
2015161,184140,51120,673
2016158,893138,93219,961
2017181,159162,93218,227
2018188,602166,31222,290
2019198,321175,25023,071
2020191,367168,38322,984
2021188,548166,37122,177
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.

American Express Financial Performance from Time to Time- Debt to Equity Ratio and Debt To Asset Ratio

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

YearNet income
Million US Dollar
20063,707
20074,012
20082,699
20092,130
20104,057
20114,935
20124,428
20135,359
20145,885
20155,163
20165,408
20172,748
20186,921
20196,759
20203,135
20218,060
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

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