American Express (AXP) revenue breakdown
By segment, USCS is the largest at 48% of fiscal 2025 revenue, growing 15% a year over 8 years.
By region, United States is the largest at 77% of fiscal 2025 revenue, growing 9% a year over 8 years.
Revenue by segment
Fiscal years, as American Express reports them in its 10-K filings; fiscal 2025 total $72.5B.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| USCS | $11.7B | $12.2B | $13.1B | $16.3B | $9.8B | $23.9B | $28.1B | $31.4B | $34.8B | 48% |
| CS | — | — | — | $9.2B | $8.7B | $13.6B | $14.8B | $15.9B | $16.9B | 23% |
| ICS | — | — | — | $6.7B | $4.4B | $9.1B | $10.4B | $11.5B | $13.0B | 18% |
| GMNS | — | — | — | $4.3B | $4.7B | $6.5B | $7.4B | $7.5B | $7.8B | 11% |
| Global Consumer Services Group | $19.1B | $22.2B | $24.9B | — | — | — | — | — | — | — |
| Global Merchant and Network Services | $6.3B | $6.1B | $5.8B | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as American Express reports them in its 10-K filings; fiscal 2025 total $72.5B.
| Regions | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| United States | $27.2B | $29.9B | $32.6B | $28.3B | $33.1B | $41.4B | $47.1B | $51.5B | $56.0B | 77% |
| EMEA | $3.9B | $4.3B | $4.4B | $3.1B | $3.6B | $4.9B | $5.6B | $6.2B | $7.1B | 10% |
| APAC | $3.5B | $3.7B | $3.9B | $3.3B | $3.4B | $3.8B | $4.4B | $4.7B | $5.2B | 7% |
| LACC | $2.5B | $2.6B | $2.8B | $2.0B | $2.2B | $2.9B | $3.6B | $3.8B | $4.2B | 6% |
| Other Unallocated | -$205M | -$162M | -$171M | -$553M | -$22M | -$157M | -$201M | -$281M | -$271M | -0% |
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Where does American Express make its money?
In fiscal 2025, by segment: USCS $34.8B, CS $16.9B, ICS $13.0B, GMNS $7.8B.
From American Express's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.