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American Express: Compound Grower Facing Expense Headwinds
EXPRExpress(EXPR) Seeking Alpha·2024-08-07 07:25

Eoneren American Express's Business Model The business model at American Express (NYSE:AXP) is quite simple. Suppose I have a credit card account with American Express. If I go shopping and buy 100worthofgoods,about100 worth of goods, about 2.20 of that is charged at the checkout line is "discount revenue" that goes to American Express, which is the same thing as a "swipe fee", while the other 97.80ispaidtothemerchant.Afractionofthat97.80 is paid to the merchant. A fraction of that 2.20 goes back to me in the form of credit card rewards, if applicable. American E ...