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This statistic highlights American Express’ Revenue Breakdown, split between Global Consumer Services Group, Global Commercial Services , and Global Merchant & Network Service, reported on a quarterly basis from Q2 2017 onwards.
The different business verticals of American Express are as follows:
Revenue by Business Vertical | Q3 2020 | Q2 2021 | Q3 2021 | Revenue contribution in Q3 2021 |
Global Consumer Services Group | 2,364 | 6,381 | 3,392 | 47% |
Global Commercial Services | 1,969 | 3,284 | 2,556 | 36% |
Global Merchant & Networking Services | 1,053 | 1,255 | 1,198 | 17% |
Total | 5,386 | 10,920 | 7,146 | 100% |
(All figures are in millions, except percentages)
Trends observed:
About the company
The American Express Company (AmEx) is a multinational corporation headquartered in New York City and was founded in 1850. It is an integrated payment company that provides a wide range of products and services to consumers and businesses across the world and is included in the Dow Jones Industrial Average’s 30. It runs a payment network through which it communicates with third-party and other institutions.
Products and Services offered:
The products and services offered are sold via various channels such as mobile and online applications, direct mail, telephone, third-party vendor, etc. American Express has been ranked 23rd Most Valuable Brand in the world (and the first within financial services) in 2017, valuing the company at $24.5 billion by Forbes. American Express was ranked ninth on Fortune magazine’s list of the Top 100 Companies to Work for in 2020.
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