American Express 2023 Annual Report

American Express reported record 2023 revenues of $61 billion and net income of $8 billion, delivering strong growth driven by customer loyalty and strategic investments. The company expanded its card member base by 25 million over two years and grew spending to $1.5 trillion, supported by premium fee-based products and a differentiated membership model. With 140 million cards-in-force globally and best-in-class credit quality, American Express returned $5.3 billion in capital to shareholders while maintaining strong capital and liquidity levels.