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Side-by-side financial comparison of American Express (AXP) and Salesforce (CRM). Click either name above to swap in a different company.
Salesforce is the larger business by last-quarter revenue ($10.3B vs $18.9M, roughly 542.6× American Express). Salesforce runs the higher net margin — 20.3% vs 15.7%, a 4.6% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (11.4% vs 8.6%). Over the past eight quarters, Salesforce's revenue compounded faster (5.1% 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...
Salesforce, Inc., is an American cloud-based software company headquartered in San Francisco, California. It provides applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, agentic AI, and application development.
AXP vs CRM — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $10.3B |
| Net Profit | $3.0M | $2.1B |
| Gross Margin | — | 78.0% |
| Operating Margin | — | 21.3% |
| Net Margin | 15.7% | 20.3% |
| Revenue YoY | 11.4% | 8.6% |
| Net Profit YoY | 15.0% | 36.6% |
| EPS (diluted) | — | $2.19 |
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 | — | ||
| Q4 25 | $10.9B | $10.3B | ||
| Q3 25 | $10.4B | $10.2B | ||
| Q2 25 | $10.3B | $9.8B | ||
| Q1 25 | $9.6B | $10.0B | ||
| Q4 24 | $10.0B | $9.4B | ||
| Q3 24 | $9.7B | $9.3B | ||
| Q2 24 | $9.8B | $9.1B |
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.9B | $1.9B | ||
| Q2 25 | $2.9B | $1.5B | ||
| Q1 25 | $2.6B | $1.7B | ||
| Q4 24 | $2.2B | $1.5B | ||
| Q3 24 | $2.5B | $1.4B | ||
| Q2 24 | $3.0B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 78.0% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 77.8% | ||
| Q4 24 | — | 77.7% | ||
| Q3 24 | — | 76.8% | ||
| Q2 24 | — | 76.3% |
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 21.3% | ||
| Q3 25 | 36.7% | 22.8% | ||
| Q2 25 | 34.4% | 19.8% | ||
| Q1 25 | 34.6% | 18.2% | ||
| Q4 24 | 27.7% | 20.0% | ||
| Q3 24 | 33.0% | 19.1% | ||
| Q2 24 | 38.6% | 18.7% |
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | 20.3% | ||
| Q3 25 | 27.9% | 18.4% | ||
| Q2 25 | 28.0% | 15.7% | ||
| Q1 25 | 26.8% | 17.1% | ||
| Q4 24 | 21.8% | 16.2% | ||
| Q3 24 | 25.8% | 15.3% | ||
| Q2 24 | 30.7% | 16.8% |
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $2.19 | ||
| Q3 25 | $4.14 | $1.96 | ||
| Q2 25 | $4.08 | $1.59 | ||
| Q1 25 | $3.64 | $1.75 | ||
| Q4 24 | $3.04 | $1.58 | ||
| Q3 24 | $3.49 | $1.47 | ||
| Q2 24 | $4.15 | $1.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $9.0B |
| Total DebtLower is stronger | $60.4M | $8.4B |
| Stockholders' EquityBook value | $34.0M | $60.0B |
| Total Assets | $308.9M | $95.1B |
| Debt / EquityLower = less leverage | 1.78× | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $9.0B | ||
| Q3 25 | $1.3B | $10.4B | ||
| Q2 25 | $197.0M | $10.9B | ||
| Q1 25 | $261.0M | $8.8B | ||
| Q4 24 | $221.0M | $8.0B | ||
| Q3 24 | $120.0M | $7.7B | ||
| Q2 24 | $188.0M | $10.0B |
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | $8.4B | ||
| Q3 25 | $57.8B | $8.4B | ||
| Q2 25 | $58.2B | $8.4B | ||
| Q1 25 | $51.2B | $8.4B | ||
| Q4 24 | $49.7B | $8.4B | ||
| Q3 24 | $53.5B | $8.4B | ||
| Q2 24 | $51.5B | $9.4B |
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $60.0B | ||
| Q3 25 | $32.4B | $61.3B | ||
| Q2 25 | $32.3B | $60.7B | ||
| Q1 25 | $31.2B | $61.2B | ||
| Q4 24 | $30.3B | $58.5B | ||
| Q3 24 | $29.7B | $57.6B | ||
| Q2 24 | $29.5B | $59.7B |
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $95.1B | ||
| Q3 25 | $297.6B | $97.6B | ||
| Q2 25 | $295.6B | $98.6B | ||
| Q1 25 | $282.2B | $102.9B | ||
| Q4 24 | $271.5B | $91.4B | ||
| Q3 24 | $271.0B | $92.2B | ||
| Q2 24 | $272.2B | $96.2B |
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | 0.14× | ||
| Q3 25 | 1.78× | 0.14× | ||
| Q2 25 | 1.80× | 0.14× | ||
| Q1 25 | 1.64× | 0.14× | ||
| Q4 24 | 1.64× | 0.14× | ||
| Q3 24 | 1.80× | 0.15× | ||
| Q2 24 | 1.74× | 0.16× |
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 | — | $2.3B |
| Free Cash FlowOCF − Capex | — | $2.2B |
| FCF MarginFCF / Revenue | — | 21.2% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | 1.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $12.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $2.3B | ||
| Q3 25 | $6.2B | $740.0M | ||
| Q2 25 | $4.4B | $6.5B | ||
| Q1 25 | $4.8B | $4.0B | ||
| Q4 24 | $5.8B | $2.0B | ||
| Q3 24 | $-1.8B | $892.0M | ||
| Q2 24 | $4.5B | $6.2B |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $2.2B | ||
| Q3 25 | $5.6B | $605.0M | ||
| Q2 25 | $3.7B | $6.3B | ||
| Q1 25 | $4.3B | $3.8B | ||
| Q4 24 | $5.3B | $1.8B | ||
| Q3 24 | $-2.3B | $755.0M | ||
| Q2 24 | $4.0B | $6.1B |
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 21.2% | ||
| Q3 25 | 53.6% | 5.9% | ||
| Q2 25 | 36.3% | 64.1% | ||
| Q1 25 | 45.0% | 38.2% | ||
| Q4 24 | 53.1% | 18.8% | ||
| Q3 24 | -23.3% | 8.1% | ||
| Q2 24 | 40.4% | 66.6% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 1.4% | ||
| Q3 25 | 6.3% | 1.3% | ||
| Q2 25 | 6.0% | 1.8% | ||
| Q1 25 | 4.5% | 1.5% | ||
| Q4 24 | 5.0% | 2.2% | ||
| Q3 24 | 4.7% | 1.5% | ||
| Q2 24 | 5.8% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 1.11× | ||
| Q3 25 | 2.15× | 0.39× | ||
| Q2 25 | 1.51× | 4.20× | ||
| Q1 25 | 1.84× | 2.32× | ||
| Q4 24 | 2.66× | 1.30× | ||
| Q3 24 | -0.72× | 0.62× | ||
| Q2 24 | 1.50× | 4.08× |
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% |
CRM
| Agentforce Service | $2.5B | 24% |
| Agentforce Sales | $2.3B | 22% |
| Agentforce360Platform Slack And Other | $2.2B | 21% |
| Agentforce Integration And Agentforce Analytics | $1.4B | 14% |
| Agentforce Marketing And Agentforce Commerce | $1.4B | 13% |
| Professional Servicesand Other | $533.0M | 5% |
