Consolidated Financial Highlights
american express company
General Information
Revenues net of interest expense
2007
(Millions, except per share amounts and employees)
Income from continuing operations 2006 $ 27,731
$ 25,154
10%
$
$
3,611
12%
$
96
#
4,048
$
Net income
$
4,012
$
3,707
8%
$
3.39
$
2.92
16%
$
(0.03)
$
0.07
#
$
3.36
$
2.99
12%
$
0.63
$
0.57
11%
Book value per common share
$
9.53
$
8.76
9%
1,238
(3)%
(Loss) Income from discontinued operations
(36)
EXECUTIVE OFFICES
% Inc/(Dec)
American Express Company
200 Vesey Street
New York, NY 10285
212.640.2000
INFORMATION AVAILABLE
TO SHAREHOLDERS
Copies of the company’s Form 10-K,
proxy statement, press releases and other
documents, as well as information on
financial results, products and services,
are available on the American Express
Web site at www.americanexpress.com.
The company’s global Corporate Citizenship
Report and a report of the company’s 2007
federal and state political contributions are
available at www.americanexpress.com/csr.
Written copies of these materials are
available without charge upon written
request to the Secretary’s Office at the
above address.
Diluted earnings per common share
from continuing operations
Diluted (loss) earnings per common share
from discontinued operations
Diluted earnings per share
Cash dividends declared per common share
Average common shares outstanding for
Total assets
$ 149,830
$ 128,329
17%
Shareholders’ equity
$ 11,029
$ 10,511
5%
Common share cash dividends declared
$
740
$
692
7%
Common share repurchases
$
3,572
$
4,093
(13)%
Return on average equity
37.3%
34.7%
Number of employees
67,700
65,400
4%
# denotes a variance of more than 100%.
03
04
06
07
04
05
06
07
03
04
05
06
$3.39
$2.92
$2.43
$2.05
$1.75
25.4%
34.7%
03
22.0%
20.6%
05
diluted earnings per
share from continuing
operations
37.3%
Return on Average
Equity
$27.7
$25.2
$22.4
$20.4
$18.1
Revenues net of
interest expense
(in billions)
07
TRANSFER AGENT AND
REGISTRAR
Design: VSA Partners, Inc., New YorkPhotography: pp. 3 – 12, Robert Maxwell; p. 23, Ron Turenne
1,196
diluted earnings per common share
The Bank of New York Mellon
c/o BNY Mellon Shareowner Services
480 Washington Blvd., 29th Floor
Jersey City, NJ 07310
1.800.463.5911 or 212.815.3700
Hearing impaired:
1.888.269.5221
www.stockbny.com
STOCK EXCHANGE LISTING
New York Stock Exchange
(Symbol: AXP)
INDEPENDENT REGIstered
public accounting firm
PricewaterhouseCoopers LLP
300 Madison Avenue
New York, NY 10017-6204
ANNUAL MEETING
The Annual Meeting of Shareholders of
American Express Company will be held
at the company’s New York City headquarters, 200 Vesey Street, New York,
NY 10285, on Monday, April 28, 2008,
at 10:00 a.m., Eastern Time.
A written transcript or an audiocassette of
the meeting will be available upon written request to the Secretary’s Office. There
will be a modest fee to defray production
and mailing costs.
CORPORATE GOVERNANCE
Copies of American Express Company’s
governance documents, including its
Corporate Governance Principles, as well
as the charters of the standing committees
of the Board of Directors and the American
Express Company Code of Conduct, are
available on the company’s Web site at
http://ir.americanexpress.com. Copies of
these materials also are available without
charge upon written request to the Secretary’s Office at the above address.
On May 21, 2007, Kenneth I. Chenault,
Chairman of the Board and Chief Executive
Officer of the company, submitted to the
New York Stock Exchange the Annual
CEO Certification required by the rules
of the Exchange certifying that he was not
aware of any violations by the company of
the Exchange’s Corporate Governance
listing standards. The company filed with
the Securities and Exchange Commission
the Certifications of its chief executive officer and chief financial officer pursuant to
section 302 of the Sarbanes-Oxley Act of
2002 as exhibits 31.1 and 31.2, respectively,
to its Annual Report on Form 10-K for
the year ended December 31, 2007.
DIRECT DEPOSIT OF
DIVIDENDS
The company has established an Electronic
Direct Deposit of Dividends service for the
electronic payment of quarterly dividends
on the company’s common shares. With this
service, registered shareholders may have
their dividend payments sent electronically
to their checking account or financial institution on the payment date. Shareholders
interested in enrolling in this service should
call The Bank of New York Mellon at
1.800.463.5911.
STOCK PURCHASE PLAN
The company’s Shareholders’ Stock
Purchase Plan provides shareholders and
new investors with a convenient way to
purchase common shares through optional
cash investments and reinvestment of dividends. For a prospectus and other inquiries
regarding the Shareholders’ Stock
Purchase Plan, contact:
The Bank of New York Mellon
P.O. Box 11258
New York, NY 10286-1258
1.800.463.5911
www.stockbny.com
SHAREHOLDER AND
INVESTOR INQUIRIES
Written shareholder inquiries may be sent
either to The Bank of New York Mellon,
P.O. Box 11258, New York, NY 10286-1258
or to the Secretary’s Office at American Express Company’s executive office
address above. Written inquiries from the
investment community should be sent to
Investor Relations at American Express
Company’s executive office address above.
Trademarks and
service marks
The following American Express trademarks and service marks may appear in
this report:
American Express®
American Express Box Logo®
American Express Card Design®
American Express World Service & Design®
Bonus Points MallSM
Centurion®
Gladiator Head Design®
Membership Rewards®
Members Project®
OPEN®
OPEN ForumSM
Platinum Card®
Plum CardSM
©2008 American Express Company.
All rights reserved.
Various forward-looking statements are made in this Annual Report, which generally include the words “believe,” “expect,” “anticipate,” “optimistic,”
“intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” and similar expressions. Certain factors that may affect these forward-looking
statements, including American Express Company’s ability to achieve its goals referred to herein, are discussed on page 63.
This report is printed on paper containing postconsumer fiber. The paper used in this
report is also certified under the Forestry Stewardship Council guidelines.