Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
~$260B
P/E ratio
~24×
Div yield
~1.0%
EPS (FY25)
$15.38
Net income
$10.8B
Revenue
$72.2B
Rev. growth
+10%
Billed business
$1.67T
In plain English
American Express is the rare payments company that owns the whole loop: it is the bank that funds the card, the issuer that puts it in your wallet, the network that carries the swipe, and the acquirer that signs the merchant. By aiming at affluent and business spenders — anchored by premium annual fees and the giant Delta co-brand — it charges merchants more per swipe and earns rich fees, then plows the cash back into rewards, marketing and buybacks. Warren Buffett's Berkshire Hathaway has owned ~21% for decades.
In simple terms
What American Express really sells
American Express is the rare payments company that owns the whole loop: it is the bank that funds the card, the issuer that puts it in your wallet, the network that carries the swipe, and the acquirer that signs the merchant. By aiming at affluent and business spenders — anchored by premium annual fees and the giant Delta co-brand — it charges merchants more per swipe and earns rich fees, then plows the cash back into rewards, marketing and buybacks. Warren Buffett's Berkshire Hathaway has owned ~21% for decades.
Tip · Click any company in the map to learn — in one sentence — what it actually does and why it matters.