Ascent American Express Form

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$52.9 billion. That's the total revenues net of interest expense Amex made in 2022. But despite its impressive earnings, Amex is far from dominating the credit card industry. Its domestic payment volume is far behind that of Visa and MasterCard, and it lags behind Discover based on the number of cards in circulation. It's a difficult business for American Express to be in, given the threats posed by Visa and MasterCard. What they've leaned into are people who use the card a lot, spend a lot of money, and pay it off, and they're willing to cater to that crowd by giving them premium perks, whether that's at the airport or things they can use every day. Whether that's a Walmart plus membership or Uber cash or things that keep you using that card, keep it at the top of your wallet. Armed with impressive rewards and a loyal customer base, Amex has achieved impressive growth. The company's revenue has increased over 32% since 2017 and shares of the company have shown resilience and growth in