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The American Express Company (AmEx) is a worldwide financial services business headquartered at 200 Vesey Street in New York City’s Battery Park City district. The firm was formed in 1850 and is one of the Dow Jones Industrial Average’s 30 components. The gladiator or centurion that appears on the company’s well-known traveler’s cheques, charge cards, and credit cards is the company’s emblem, which was introduced in 1958.

Amex engaged in the brokerage sector in the 1980s, gradually purchasing Shearson Lehman Hutton and then divesting them into Smith Barney Shearson (owned by Primerica) and a resurrected Lehman Brothers. By 2008, neither the Shearson nor the Lehman surnames were still in use.

Credit cards issued by the American Express network accounted for 22.9 percent of all credit card transactions in the United States in 2016. As of December 31, 2019, the firm has 114.4 million cards in circulation, including 54.7 million in the United States, with each card averaging $19,972 in yearly spending.

Forbes ranked American Express as the world’s 23rd most valuable brand (and the highest among financial services) in 2017, valuing the company at $24.5 billion. Based on an employee satisfaction poll, Fortune magazine rated American Express at number 9 on their Fortune List of the Top 100 Companies to Work For in 2020.

American Express began as an express postal service in Buffalo, New York, in 1850. It was formed as a joint-stock business via the merging of Henry Wells’ (Wells & Company), William G. Fargo’s (Livingston, Fargo & Company), and John Warren Butterfield’s express companies (Wells, Butterfield & Company, the successor earlier in 1850 of Butterfield, Wasson & Company). When Butterfield and other directors opposed American Express’s suggestion to expand its operations to California, they founded Wells Fargo & Co. in 1852.

American Express was founded in a building near the junction of Jay Street and Hudson Street in what became known as the Tribeca neighborhood of Manhattan. It had a near-monopoly on the movement of express shipments (goods, securities, cash, and so on) across New York State for many years. In 1874, American Express relocated its headquarters to 65 Broadway in Manhattan’s Financial District, which would hold for the next two decades.

The American Express Company acquired a plot of land on Vesey Street in New York City in 1854 to house its stables. The company’s initial New York offices were located at 55–61 Hudson Street, in an 1858 marble Italianate palazzo with a busy freight station on the first floor and a spur line from the Hudson River Railroad. In 1867, a stable was built at 4–8 Hubert Street, five blocks north.

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