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American Express (AXP)

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success.

Company profile

Ticker
AXP
Exchange
CEO
Stephen Squeri
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
56th Street AXP Campus LLC • American Express Bank LLC • American Express Banking Corp. • American Express Travel Related Services Company, Inc. • Accertify, Inc. • American Express Bank (Mexico) S.A. • American Express Bank Services, S.A. de C.V. • American Express Company (Mexico) S.A. de C.V. • American Express Insurance Services, Agente de Seguros, S.A. de C.V. • American Express Servicios Profesionales, S. de R.L. de C.V. ...
IRS number
134922250

AXP stock data

Calendar

22 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 26.28B 26.28B 26.28B 26.28B 26.28B 26.28B
Cash burn (monthly) 467M 376.58M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 668.69M 539.23M n/a n/a n/a n/a
Cash remaining 25.61B 25.74B n/a n/a n/a n/a
Runway (months of cash) 54.8 68.3 n/a n/a n/a n/a

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 22 Baltimore Thomas J Jr Share Equivalent Units Common Stock Grant Acquire A No No 142.32 228.36 32.5K 3,657.18
30 Jun 22 Brennan John Joseph Share Equivalent Units Common Stock Grant Acquire A No No 142.32 456.72 65K 19,577.44
30 Jun 22 Phillips JR Charles E Share Equivalent Units Common Stock Grant Acquire A No No 142.32 228.36 32.5K 3,781.683
30 Jun 22 Vasella Daniel Share Equivalent Units Common Stock Grant Acquire A No No 142.32 245.92 35K 38,489.53
30 Jun 22 Young Christopher David Share Equivalent Units Common Stock Grant Acquire A No No 142.32 254.71 36.25K 13,425.543
84.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 2011 1952 +3.0%
Opened positions 197 252 -21.8%
Closed positions 138 132 +4.5%
Increased positions 685 669 +2.4%
Reduced positions 785 672 +16.8%
13F shares Current Prev Q Change
Total value 118.6B 105.81B +12.1%
Total shares 634.33M 646.61M -1.9%
Total puts 11.12M 10.52M +5.7%
Total calls 5.43M 5.43M -0.1%
Total put/call ratio 2.0 1.9 +5.8%
Largest owners Shares Value Change
BRK.A Berkshire Hathaway 151.61M $28.35B 0.0%
Vanguard 46.8M $8.75B +0.4%
BLK Blackrock 44.52M $8.32B -3.0%
STT State Street 34.1M $6.38B -0.5%
Wellington Management 28.76M $5.38B +1.1%
Fisher Asset Management 15.69M $2.93B -0.4%
JPM JPMorgan Chase & Co. 15.37M $2.87B +30.7%
Massachusetts Financial Services 13.39M $2.5B +7.3%
MS Morgan Stanley 10.45M $1.95B -1.3%
Geode Capital Management 10.03M $1.87B +2.0%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -6.07M EXIT
JPM JPMorgan Chase & Co. 15.37M +3.61M +30.7%
BAC Bank Of America 8M +3.07M +62.2%
Manufacturers Life Insurance Company, The 666.13K -1.88M -73.9%
DB Deutsche Bank AG - Registered Shares 2.29M -1.79M -43.9%
FMR 9.32M +1.71M +22.5%
Alkeon Capital Management 1.51M +1.51M NEW
American Century Companies 3.11M -1.47M -32.1%
Alliancebernstein 788.28K -1.45M -64.8%
BLK Blackrock 44.52M -1.38M -3.0%

Financial report summary

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Risks
  • Business and economic conditions are a major driver of our results of operations and difficult conditions in the business and economic environment, including as a result of the COVID-19 pandemic, have had a material adverse effect on our business.
  • Our business is subject to the effects of geopolitical conditions, weather, natural disasters and other catastrophic events.
  • Our operating results may materially suffer because of substantial and increasingly intense competition worldwide in the payments industry.
  • We face intense competition for partner relationships, which could result in a loss or renegotiation of these arrangements that could have a material adverse impact on our business and results of operations.
  • Arrangements with our business partners represent a significant portion of our business. We are exposed to risks associated with our business partners, including reputational issues, business slowdowns, bankruptcies, liquidations, restructurings and consolidations, and the possible obligation to make payments to our partners.
  • We face continued intense competitive pressure that may materially impact the prices we charge for accepting our cards for payment, as well as the risk of losing merchant relationships, which could have a material adverse impact on our business and results of operations.
  • We may not be successful in our efforts to promote card usage through marketing and promotion, merchant acceptance and Card Member rewards and services, or to effectively control the costs of such investments, both of which may materially impact our profitability.
  • Our brand and reputation are key assets of our Company, and our business may be materially affected by how we are perceived in the marketplace.
  • A major information or cyber security incident or an increase in fraudulent activity could lead to reputational damage to our brand and material legal, regulatory and financial exposure, and could reduce the use and acceptance of our cards.
  • The uninterrupted operation of our information systems is critical to our success and a significant disruption could have a material adverse effect on our business and results of operations.
  • We rely on third-party providers for acquiring and servicing customers, technology, platforms and other services integral to the operations of our businesses. These third parties may act in ways that could materially harm our business.
  • If we are not able to invest successfully in, and compete at the leading edge of, technological developments across all our businesses, our revenue and profitability could be materially adversely affected.
  • We may not be successful in realizing the benefits associated with our acquisitions, strategic alliances, joint ventures and investment activity, and our business and reputation could be materially adversely affected.
  • Our success is dependent on maintaining a culture of integrity and respect, the resilience of our colleagues through the pandemic, and upon our executive officers and other key personnel, and misconduct by or loss of personnel could materially adversely affect our business.
  • Our operations, business, customers and partners could be materially adversely affected by climate change.
  • Our business is subject to comprehensive government regulation and supervision, which could materially adversely affect our results of operations and financial condition.
  • Litigation and regulatory actions could subject us to significant fines, penalties, judgments and/or requirements resulting in significantly increased expenses, damage to our reputation and/or a material adverse effect on our business.
  • Legal proceedings regarding provisions in our merchant contracts, including non-discrimination and honor-all-cards provisions, could have a material adverse effect on our business and result in additional litigation and/or arbitrations, changes to our merchant agreements and/or business practices, substantial monetary damages and damage to our reputation and brand.
  • We are subject to capital adequacy and liquidity rules, and if we fail to meet these rules, our business would be materially adversely affected.
  • We are subject to restrictions that limit our ability to pay dividends and repurchase our capital stock. Our subsidiaries are also subject to restrictions that limit their ability to pay dividends to us, which may adversely affect our liquidity.
  • Regulation in the areas of privacy, data protection, data governance, account access and information and cyber security could increase our costs and affect or limit our business opportunities and how we collect and/or use personal information.
  • We may not be able to effectively manage the operational and compliance risks to which we are exposed.
  • If we are not able to protect our intellectual property, or successfully defend against any infringement or misappropriation assertions brought against us, our revenue and profitability could be negatively affected.
  • Tax legislative initiatives or assessments could adversely affect our results of operations and financial condition.
  • Our risk management policies and procedures may not be effective.
  • We are exposed to credit risk and trends that affect Card Member spending and the ability of customers and partners to pay us, which could have a material adverse effect on our results of operations and financial condition.
  • The discontinuance of LIBOR may negatively impact our access to funding and the value of our financial instruments and commercial agreements.
  • Adverse market conditions may significantly affect our access to, and cost of, capital and ability to meet liquidity needs.
  • Any reduction in our credit ratings could increase the cost of our funding from, and restrict our access to, the capital markets and have a material adverse effect on our results of operations and financial condition.
  • Adverse currency fluctuations and foreign exchange controls could decrease earnings we receive from our international operations and impact our capital.
  • An inability to accept or maintain deposits due to market demand or regulatory constraints could materially adversely affect our liquidity position and our ability to fund our business.
  • The value of our investments may be adversely impacted by economic, political or market conditions.

Content analysis

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H.S. sophomore Avg
New words: Apollo, bond, Carlo, driver, earlier, earnout, easier, embedded, GBTG, green, investee, maker, Monte, navigating, neutral, recession, seller, simulation, slight, slightly, surpassed, view, worse
Removed: communication, decline, digit, double, GBT, impairment, mentioned, offline, shopping, widespread