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Side-by-side financial comparison of American Express (AXP) and Cipher Mining Inc. (CIFR). Click either name above to swap in a different company.
American Express is the larger business by last-quarter revenue ($10.9B vs $59.7M, roughly 183.2× Cipher Mining Inc.). American Express runs the higher net margin — 22.5% vs -1229.6%, a 1252.1% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 9.9%). American Express produced more free cash flow last quarter ($2.3B vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 8.2%).
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...
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
AXP vs CIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.9B | $59.7M |
| Net Profit | $2.5B | $-734.2M |
| Gross Margin | — | 59.4% |
| Operating Margin | 28.2% | -503.4% |
| Net Margin | 22.5% | -1229.6% |
| Revenue YoY | 9.9% | 41.4% |
| Net Profit YoY | 13.5% | -4293.1% |
| EPS (diluted) | $3.52 | $-1.91 |
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.
| Q4 25 | $10.9B | $59.7M | ||
| Q3 25 | $10.4B | $71.7M | ||
| Q2 25 | $10.3B | $43.6M | ||
| Q1 25 | $9.6B | $49.0M | ||
| Q4 24 | $10.0B | $42.2M | ||
| Q3 24 | $9.7B | $24.1M | ||
| Q2 24 | $9.8B | $36.8M | ||
| Q1 24 | $9.3B | $48.1M |
| Q4 25 | $2.5B | $-734.2M | ||
| Q3 25 | $2.9B | $-3.3M | ||
| Q2 25 | $2.9B | $-45.8M | ||
| Q1 25 | $2.6B | $-39.0M | ||
| Q4 24 | $2.2B | $17.5M | ||
| Q3 24 | $2.5B | $-86.8M | ||
| Q2 24 | $3.0B | $-15.3M | ||
| Q1 24 | $2.4B | $39.9M |
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 62.7% | ||
| Q2 25 | — | 64.8% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 37.5% | ||
| Q2 24 | — | 61.2% | ||
| Q1 24 | — | 69.2% |
| Q4 25 | 28.2% | -503.4% | ||
| Q3 25 | 36.7% | -52.5% | ||
| Q2 25 | 34.4% | -103.9% | ||
| Q1 25 | 34.6% | -77.8% | ||
| Q4 24 | 27.7% | 40.5% | ||
| Q3 24 | 33.0% | -379.2% | ||
| Q2 24 | 38.6% | -43.9% | ||
| Q1 24 | 33.7% | 97.2% |
| Q4 25 | 22.5% | -1229.6% | ||
| Q3 25 | 27.9% | -4.6% | ||
| Q2 25 | 28.0% | -105.1% | ||
| Q1 25 | 26.8% | -79.6% | ||
| Q4 24 | 21.8% | 41.5% | ||
| Q3 24 | 25.8% | -359.9% | ||
| Q2 24 | 30.7% | -41.5% | ||
| Q1 24 | 26.1% | 82.9% |
| Q4 25 | $3.52 | $-1.91 | ||
| Q3 25 | $4.14 | $-0.01 | ||
| Q2 25 | $4.08 | $-0.12 | ||
| Q1 25 | $3.64 | $-0.11 | ||
| Q4 24 | $3.04 | $0.04 | ||
| Q3 24 | $3.49 | $-0.26 | ||
| Q2 24 | $4.15 | $-0.05 | ||
| Q1 24 | $3.33 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $742.0M | $628.3M |
| Total DebtLower is stronger | $56.4B | $2.7B |
| Stockholders' EquityBook value | $33.5B | $805.5M |
| Total Assets | $300.1B | $4.3B |
| Debt / EquityLower = less leverage | 1.68× | 3.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $742.0M | $628.3M | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $197.0M | $62.7M | ||
| Q1 25 | $261.0M | $23.2M | ||
| Q4 24 | $221.0M | $5.6M | ||
| Q3 24 | $120.0M | $25.3M | ||
| Q2 24 | $188.0M | $122.6M | ||
| Q1 24 | $69.0M | $88.7M |
| Q4 25 | $56.4B | $2.7B | ||
| Q3 25 | $57.8B | $1.0B | ||
| Q2 25 | $58.2B | $167.1M | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | $0 | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — | ||
| Q1 24 | $48.8B | — |
| Q4 25 | $33.5B | $805.5M | ||
| Q3 25 | $32.4B | $783.2M | ||
| Q2 25 | $32.3B | $748.9M | ||
| Q1 25 | $31.2B | $734.8M | ||
| Q4 24 | $30.3B | $682.0M | ||
| Q3 24 | $29.7B | $672.0M | ||
| Q2 24 | $29.5B | $690.8M | ||
| Q1 24 | $28.8B | $600.9M |
| Q4 25 | $300.1B | $4.3B | ||
| Q3 25 | $297.6B | $2.8B | ||
| Q2 25 | $295.6B | $1.0B | ||
| Q1 25 | $282.2B | $913.8M | ||
| Q4 24 | $271.5B | $855.4M | ||
| Q3 24 | $271.0B | $775.4M | ||
| Q2 24 | $272.2B | $775.6M | ||
| Q1 24 | $269.3B | $677.1M |
| Q4 25 | 1.68× | 3.37× | ||
| Q3 25 | 1.78× | 1.31× | ||
| Q2 25 | 1.80× | 0.22× | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | 0.00× | ||
| Q3 24 | 1.80× | — | ||
| Q2 24 | 1.74× | — | ||
| Q1 24 | 1.70× | — |
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 | $3.1B | $-207.9M |
| Free Cash FlowOCF − Capex | $2.3B | $-695.9M |
| FCF MarginFCF / Revenue | 21.4% | -1165.4% |
| Capex IntensityCapex / Revenue | 6.6% | 817.1% |
| Cash ConversionOCF / Net Profit | 1.25× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.0B | $-1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1B | $-207.9M | ||
| Q3 25 | $6.2B | $-50.1M | ||
| Q2 25 | $4.4B | $-56.2M | ||
| Q1 25 | $4.8B | $-47.2M | ||
| Q4 24 | $5.8B | $-87.5M | ||
| Q3 24 | $-1.8B | $-6.5M | ||
| Q2 24 | $4.5B | $-25.4M | ||
| Q1 24 | $5.6B | $-26.6M |
| Q4 25 | $2.3B | $-695.9M | ||
| Q3 25 | $5.6B | $-256.2M | ||
| Q2 25 | $3.7B | $-87.5M | ||
| Q1 25 | $4.3B | $-71.8M | ||
| Q4 24 | $5.3B | $-227.0M | ||
| Q3 24 | $-2.3B | $-83.2M | ||
| Q2 24 | $4.0B | $-33.2M | ||
| Q1 24 | $5.2B | $-34.5M |
| Q4 25 | 21.4% | -1165.4% | ||
| Q3 25 | 53.6% | -357.3% | ||
| Q2 25 | 36.3% | -200.9% | ||
| Q1 25 | 45.0% | -146.7% | ||
| Q4 24 | 53.1% | -537.6% | ||
| Q3 24 | -23.3% | -345.0% | ||
| Q2 24 | 40.4% | -90.2% | ||
| Q1 24 | 55.2% | -71.7% |
| Q4 25 | 6.6% | 817.1% | ||
| Q3 25 | 6.3% | 287.5% | ||
| Q2 25 | 6.0% | 71.8% | ||
| Q1 25 | 4.5% | 50.2% | ||
| Q4 24 | 5.0% | 330.4% | ||
| Q3 24 | 4.7% | 317.8% | ||
| Q2 24 | 5.8% | 21.4% | ||
| Q1 24 | 4.2% | 16.4% |
| Q4 25 | 1.25× | — | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 2.66× | -5.00× | ||
| Q3 24 | -0.72× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.28× | -0.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXP
| US Consumer Services Segment | $4.2B | 38% |
| Commercial Services Segment | $3.1B | 28% |
| International Card Services Segment | $2.1B | 19% |
| Global Merchant And Network Services Segment | $1.7B | 15% |
| Financial Service Other | $471.0M | 4% |
CIFR
Segment breakdown not available.
