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Side-by-side financial comparison of American Express (AXP) and Butterfly Network, Inc. (BFLY). Click either name above to swap in a different company.
Butterfly Network, Inc. is the larger business by last-quarter revenue ($26.5M vs $18.9M, roughly 1.4× American Express). American Express runs the higher net margin — 15.7% vs -47.8%, a 63.5% gap on every dollar of revenue. On growth, Butterfly Network, Inc. posted the faster year-over-year revenue change (25.0% vs 11.4%). Over the past eight quarters, Butterfly Network, Inc.'s revenue compounded faster (11.1% CAGR vs -95.6%).
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products an...
Butterfly Network, Inc. is a digital health company that develops, manufactures and sells affordable, portable whole-body ultrasound devices powered by proprietary semiconductor technology. It serves clinical professionals, healthcare facilities, and home care users across global markets, with a core mission to expand access to medical imaging for underserved communities.
AXP vs BFLY — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $26.5M |
| Net Profit | $3.0M | $-12.7M |
| Gross Margin | — | 68.9% |
| Operating Margin | — | -21.2% |
| Net Margin | 15.7% | -47.8% |
| Revenue YoY | 11.4% | 25.0% |
| Net Profit YoY | 15.0% | — |
| EPS (diluted) | — | $-0.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $18.9M | $26.5M | ||
| Q4 25 | $10.9B | $31.5M | ||
| Q3 25 | $10.4B | $21.5M | ||
| Q2 25 | $10.3B | $23.4M | ||
| Q1 25 | $9.6B | $21.2M | ||
| Q4 24 | $10.0B | $22.4M | ||
| Q3 24 | $9.7B | $20.6M | ||
| Q2 24 | $9.8B | $21.5M |
| Q1 26 | $3.0M | $-12.7M | ||
| Q4 25 | $2.5B | $-15.3M | ||
| Q3 25 | $2.9B | $-34.0M | ||
| Q2 25 | $2.9B | $-13.8M | ||
| Q1 25 | $2.6B | $-14.0M | ||
| Q4 24 | $2.2B | $-18.1M | ||
| Q3 24 | $2.5B | $-16.9M | ||
| Q2 24 | $3.0B | $-15.7M |
| Q1 26 | — | 68.9% | ||
| Q4 25 | — | 67.3% | ||
| Q3 25 | — | -17.5% | ||
| Q2 25 | — | 63.7% | ||
| Q1 25 | — | 63.0% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 59.5% | ||
| Q2 24 | — | 58.6% |
| Q1 26 | — | -21.2% | ||
| Q4 25 | 28.2% | -53.0% | ||
| Q3 25 | 36.7% | -163.5% | ||
| Q2 25 | 34.4% | -68.9% | ||
| Q1 25 | 34.6% | -87.0% | ||
| Q4 24 | 27.7% | -77.5% | ||
| Q3 24 | 33.0% | -83.9% | ||
| Q2 24 | 38.6% | -80.2% |
| Q1 26 | 15.7% | -47.8% | ||
| Q4 25 | 22.5% | -48.5% | ||
| Q3 25 | 27.9% | -158.1% | ||
| Q2 25 | 28.0% | -59.2% | ||
| Q1 25 | 26.8% | -65.8% | ||
| Q4 24 | 21.8% | -81.0% | ||
| Q3 24 | 25.8% | -82.3% | ||
| Q2 24 | 30.7% | -73.1% |
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $3.52 | $-0.06 | ||
| Q3 25 | $4.14 | $-0.13 | ||
| Q2 25 | $4.08 | $-0.06 | ||
| Q1 25 | $3.64 | $-0.06 | ||
| Q4 24 | $3.04 | $-0.09 | ||
| Q3 24 | $3.49 | $-0.08 | ||
| Q2 24 | $4.15 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $138.0M |
| Total DebtLower is stronger | $60.4M | — |
| Stockholders' EquityBook value | $34.0M | $191.2M |
| Total Assets | $308.9M | $285.9M |
| Debt / EquityLower = less leverage | 1.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $138.0M | ||
| Q4 25 | $742.0M | $150.5M | ||
| Q3 25 | $1.3B | $144.2M | ||
| Q2 25 | $197.0M | $148.1M | ||
| Q1 25 | $261.0M | $155.2M | ||
| Q4 24 | $221.0M | $88.8M | ||
| Q3 24 | $120.0M | $93.8M | ||
| Q2 24 | $188.0M | $102.1M |
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | — | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | — | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — |
| Q1 26 | $34.0M | $191.2M | ||
| Q4 25 | $33.5B | $196.0M | ||
| Q3 25 | $32.4B | $203.8M | ||
| Q2 25 | $32.3B | $232.8M | ||
| Q1 25 | $31.2B | $239.7M | ||
| Q4 24 | $30.3B | $168.8M | ||
| Q3 24 | $29.7B | $181.8M | ||
| Q2 24 | $29.5B | $194.3M |
| Q1 26 | $308.9M | $285.9M | ||
| Q4 25 | $300.1B | $296.5M | ||
| Q3 25 | $297.6B | $290.0M | ||
| Q2 25 | $295.6B | $313.3M | ||
| Q1 25 | $282.2B | $318.4M | ||
| Q4 24 | $271.5B | $256.1M | ||
| Q3 24 | $271.0B | $265.3M | ||
| Q2 24 | $272.2B | $273.1M |
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.80× | — | ||
| Q2 24 | 1.74× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-13.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-13.9M | ||
| Q4 25 | $3.1B | $9.0M | ||
| Q3 25 | $6.2B | $-2.9M | ||
| Q2 25 | $4.4B | $-7.2M | ||
| Q1 25 | $4.8B | $-11.7M | ||
| Q4 24 | $5.8B | $-3.1M | ||
| Q3 24 | $-1.8B | $-7.9M | ||
| Q2 24 | $4.5B | $-10.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $7.9M | ||
| Q3 25 | $5.6B | $-3.9M | ||
| Q2 25 | $3.7B | $-8.1M | ||
| Q1 25 | $4.3B | $-12.0M | ||
| Q4 24 | $5.3B | $-3.5M | ||
| Q3 24 | $-2.3B | $-8.3M | ||
| Q2 24 | $4.0B | $-10.7M |
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 25.2% | ||
| Q3 25 | 53.6% | -18.2% | ||
| Q2 25 | 36.3% | -34.5% | ||
| Q1 25 | 45.0% | -56.7% | ||
| Q4 24 | 53.1% | -15.8% | ||
| Q3 24 | -23.3% | -40.5% | ||
| Q2 24 | 40.4% | -50.0% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 3.4% | ||
| Q3 25 | 6.3% | 4.7% | ||
| Q2 25 | 6.0% | 3.8% | ||
| Q1 25 | 4.5% | 1.7% | ||
| Q4 24 | 5.0% | 1.8% | ||
| Q3 24 | 4.7% | 2.0% | ||
| Q2 24 | 5.8% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | — | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 2.66× | — | ||
| Q3 24 | -0.72× | — | ||
| Q2 24 | 1.50× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXP
| Discount revenue | $9.5M | 50% |
| Other | $8.9M | 47% |
| Deposits with banks and other | $512.0K | 3% |
BFLY
| Product | $14.7M | 55% |
| Software and other services | $11.9M | 45% |
