On the Record · American Express
American Express competitors, on the record
The companies American Express names as competitors in its annual reports, 2023 to 2025, and the companies that name American Express, each with the sentence and the filing.
Who American Express names
| Company | Named in |
|---|---|
| Alipay | 2025 |
| China UnionPay | 2025 |
| Mastercard | 2025 |
| National Payments Corporation of India | 2025 |
| PayPal | 2025 |
| Shop Pay | 2025 |
| Visa | 2025 |
In its own words
Alipay, National Payments Corporation of India, PayPal, Shop Pay
Word for word“In addition to such networks, we compete against a range of companies globally, including merchant acquirers, processors, payment facilitators and web- and mobile-based payment platforms (e.g., Alipay, PayPal and Shop Pay), as well as regional payment networks (such as the National Payments Corporation of India).” 10-K for 2025
China UnionPay, Mastercard, Visa
Word for word“We are the fourth largest general-purpose card network globally based on purchase volume, behind Visa, China UnionPay and Mastercard.” 10-K for 2025
Who names American Express
Companies whose own annual reports name American Express as a competitor.
Word for word“Examples include American Express, Diners Club/Discover (now owned by Capital One), JCB, Mastercard and UnionPay.” 10-K for 2025
Word for word“In addition, we distribute the open loop gift and reloadable products of certain of our competitors, such as American Express, Green Dot and NetSpend.” 10-K for 2017
Word for word“As a form of payment, our customers have numerous consumer credit and other payment options available to them, and our products compete with cash, checks, electronic bank transfers, debit cards, general purpose credit cards (including those on the Visa, MasterCard, American Express and Discover Card networks), various forms of consumer installment loans and split-pay products, other private label credit card brands, prepaid cards, digital wallets and mobile payment solutions, and other tools that simplify and personalize shopping experiences for consumers and merchants.” 10-K for 2025
Word for word“Our Credit Card business competes with international, national, regional and local issuers of Visa ® and Mastercard ® credit cards, as well as with American Express ® , private-label card brands and, to a certain extent, issuers of debit cards.” 10-K for 2025
Word for word“We compete for accounts and utilization with cards issued by other financial institutions (including American Express, Bank of America, JPMorgan Chase, Capital One and Citibank) and, to a lesser extent, businesses that issue their own private label cards or otherwise extend credit to their customers.” 10-K for 2024
Word for word“We compete worldwide with payments networks such as Visa, American Express, JCB, China UnionPay and Discover, among others.” 10-K for 2025
Word for word“Financial institutions, including but not limited to J.P. Morgan, Barclays, Capital One, American Express, and Citi, have access to technology solutions coupled with payment capabilities.” 10-K for 2025
Read from American Express’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-06. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.