American Express
American multinational financial services corporation
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January 2025 | American Express agreed to pay about $230 million to settle U.S. criminal and civil probes into alleged deceptive practices in selling credit card and wire transfer products. |
June 2024 | Amex acquired Tock, a restaurant reservation platform, expanding its dining reservations portfolio. |
May 2024 | American Express became the official partner of F1 Academy, a female-only single-seater racing series, with branding to appear on Jessica Edgar's car livery and driver suit for the 2024 season. |
2023 | American Express achieved its highest revenue in the provided dataset at $60.5 billion, with net income reaching $8.4 billion. |
August 2023 | Wells Fargo stopped issuing American Express cards, marking the end of their card partnership with American Express. |
2022 | Continued financial growth with net income increasing to $7.4 billion and revenue rising to $55.6 billion. |
March 2022 | American Express suspended all operations in Russia and Belarus following the Russian invasion of Ukraine. |
2021 | Company showed signs of financial recovery, with net income rebounding to $7.9 billion after the pandemic-induced downturn. |
2020 | American Express experienced a significant financial downturn during the COVID-19 pandemic, with net income dropping to $3.0 billion, the lowest in the provided financial data range. |
2020 | American Express acquired Kabbage, a financial technology company. |
March 2019 | American Express acquired LoungeBuddy, a provider of pay-per-use access to airport lounges worldwide. |
2018 | Stephen Squeri becomes CEO of American Express, succeeding Kenneth Chenault and continuing to lead the company as of 2025. |
October 2017 | American Express established a joint venture company, LianTong, in China to operate its payment card brand locally. |
March 2014 | American Express announced the corporate spin-off of its corporate travel business as American Express Global Business Travel. |
2013 | American Express began operating airport lounges, offering access to select cardholders. |
October 2012 | American Express launched Bluebird, a prepaid debit card with Walmart, offering roadside assistance and identity theft protection. |
2011 | American Express established a £100 million sponsorship agreement with Brighton & Hove Albion F.C., which includes naming rights for Falmer Stadium, training facilities, and shirt sponsorship for men's, women's, youth, and disability teams. |
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