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American Express (AmEx) is a global payments company and premium lifestyle brand known for its charge and credit cards, rewards ecosystem, and high-touch service. Unlike many card competitors, AmEx operates an integrated model that includes card issuing, merchant acquiring, and a global payments network—making metrics like cards in force, billed business (spending), and revenue especially useful for understanding its scale.
This post consolidates the most verifiable American Express statistics from the latest company filings and earnings materials, while preserving select historical figures with clear year labels.
American Express by the Numbers (2026)
What is American Express? American Express is a globally integrated payments company with card-issuing, merchant-acquiring, and card network businesses serving consumers and businesses worldwide.
- Total revenues net of interest expense: $72.229B (FY2025)
- Net income: $10.8B (FY2025)
- Worldwide billed business (spending on AmEx-issued cards): $1.670T (2025)
- Cards in force: 86.6M proprietary cards + 66.2M third-party cards (Dec. 31, 2025)
- Total assets: $300.052B (FY2025)
- Employees: ~76,800 (Dec. 31, 2025)
- Market cap: ~$224.58B (Feb. 25, 2026; changes daily)
Sources:
FY & Q4 2025 earnings release |
FY2025 Form 10-K (PDF) |
Market cap (StockAnalysis)
Key American Express Metrics Table
| Metric | Most Recent Figure | Year / As-of Date | Source |
|---|---|---|---|
| Total revenues net of interest expense | $72.229B | FY2025 | FY2025 Form 10-K (PDF) |
| Total revenues net of interest expense (comparison) | $65.949B | FY2024 | FY2025 Form 10-K (PDF) |
| Net income | $10.8B | FY2025 | FY & Q4 2025 earnings release |
| Earnings per share (diluted) | $15.38 | FY2025 | FY & Q4 2025 earnings release |
| Worldwide billed business (AmEx-issued cards) | $1.670T | FY2025 | FY2025 Form 10-K (PDF) |
| Proprietary cards in force | 86.6M | As of Dec. 31, 2025 | FY2025 Form 10-K (PDF) |
| Third-party cards in force (AmEx network) | 66.2M | As of Dec. 31, 2025 | FY2025 Form 10-K (PDF) |
| Total assets (consolidated) | $300.052B | FY2025 | FY2025 Form 10-K (PDF) |
| Employees | ~76,800 | As of Dec. 31, 2025 | FY2025 Form 10-K (PDF) |
| Market cap | ~$224.58B | Feb. 25, 2026 | StockAnalysis |
How American Express Makes Money
American Express generates revenue through several major streams tied to its integrated payments model:
- Card spending economics: discount revenue and related network economics generated when Card Members spend at merchants.
- Card fees: annual fees and other card-related fees, especially within premium and rewards products.
- Interest income: finance charges from revolving credit card balances and other lending products.
- Network partnerships: relationships with third-party issuers and acquirers that extend the AmEx network.
Cards in Force & Spending (Why These Metrics Matter)
For payments companies, “scale” isn’t just revenue—it’s also how many cards are actively in wallets and how much spending runs across the network.
- Proprietary cards in force: 86.6M (Dec. 31, 2025)
- Third-party cards in force on the AmEx network: 66.2M (Dec. 31, 2025)
- Worldwide billed business (AmEx-issued cards): $1.670T (FY2025)
Source: FY2025 Form 10-K (PDF)
American Express Revenue (Historical Trend)
American Express commonly highlights “total revenues net of interest expense” in filings and segment tables.
- 2025: $72.229B (total revenues net of interest expense) (source)
- 2024: $65.949B (total revenues net of interest expense) (source)
- 2023: $60.5B (revenue headline) (source)
- 2022: $52.9B (revenue headline) (source)
- 2021: $42.380B (source)
- 2020: $36.087B (source)
- 2019: $43.556B (source)
- 2018: $40.338B (source)
- 2017: $36.878B (source)
- 2016: $35.438B (source)
- 2015: $32.818B (source)
- 2014: $34.188B (source)
- 2013: $32.870B (source)
American Express Net Income (Historical Trend)
- 2025: $10.8B (source)
- 2024: $10.1B (earnings release comparison figure) (source)
- 2023: $8.4B (source)
- 2022: $7.5B (source)
- 2021: $8.060B (source)
- 2020: $3.135B (source)
- 2019: $6.759B (source)
- 2018: $6.921B (source)
- 2017: $2.748B (source)
- 2016: $5.375B (source)
- 2015: $5.163B (source)
- 2014: $5.885B (source)
- 2013: $5.359B (source)
FAQ
How much revenue does American Express make?
American Express reported $72.229B in total revenues net of interest expense for FY2025. Source
What was American Express net income in 2025?
American Express reported $10.8B in net income for FY2025, with $15.38 diluted EPS. Source
How many American Express cards are in force?
As of Dec. 31, 2025, AmEx reported 86.6M proprietary cards in force worldwide, plus 66.2M third-party cards in force on the AmEx network. Source
How much spending runs on American Express cards?
AmEx reported $1.670 trillion in worldwide billed business (spending on AmEx-issued cards) for FY2025. Source
How many employees does American Express have?
AmEx reported employing approximately 76,800 colleagues as of Dec. 31, 2025. Source
What is American Express’s market cap?
Market cap changes daily with the share price. One estimate places AmEx at about $224.58B as of Feb. 25, 2026. Source
