vs
Side-by-side financial comparison of American Express (AXP) and HP Inc. (HPQ). Click either name above to swap in a different company.
HP Inc. is the larger business by last-quarter revenue ($14.6B vs $10.9B, roughly 1.3× American Express). American Express runs the higher net margin — 22.5% vs 5.4%, a 17.1% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (9.9% vs 4.2%). American Express produced more free cash flow last quarter ($2.3B vs $1.4B). Over the past eight quarters, American Express's revenue compounded faster (8.2% CAGR vs 5.4%).
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...
The Hewlett-Packard Company, commonly shortened to Hewlett-Packard or HP, was an American multinational information technology company. It was founded by Bill Hewlett and David Packard in 1939 in a one-car garage in Palo Alto, California. Growing to become an influential high-tech powerhouse at the heart of Silicon Valley, the company was known for its progressive business philosophy, deemed the HP Way.
AXP vs HPQ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.9B | $14.6B |
| Net Profit | $2.5B | $795.0M |
| Gross Margin | — | 20.2% |
| Operating Margin | 28.2% | 6.6% |
| Net Margin | 22.5% | 5.4% |
| Revenue YoY | 9.9% | 4.2% |
| Net Profit YoY | 13.5% | -12.3% |
| EPS (diluted) | $3.52 | $0.84 |
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 | $14.6B | ||
| Q3 25 | $10.4B | $13.9B | ||
| Q2 25 | $10.3B | $13.2B | ||
| Q1 25 | $9.6B | $13.5B | ||
| Q4 24 | $10.0B | $14.1B | ||
| Q3 24 | $9.7B | $13.5B | ||
| Q2 24 | $9.8B | $12.8B | ||
| Q1 24 | $9.3B | $13.2B |
| Q4 25 | $2.5B | $795.0M | ||
| Q3 25 | $2.9B | $763.0M | ||
| Q2 25 | $2.9B | $406.0M | ||
| Q1 25 | $2.6B | $565.0M | ||
| Q4 24 | $2.2B | $906.0M | ||
| Q3 24 | $2.5B | $640.0M | ||
| Q2 24 | $3.0B | $607.0M | ||
| Q1 24 | $2.4B | $622.0M |
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | 23.6% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | 28.2% | 6.6% | ||
| Q3 25 | 36.7% | 5.1% | ||
| Q2 25 | 34.4% | 4.9% | ||
| Q1 25 | 34.6% | 6.3% | ||
| Q4 24 | 27.7% | 7.1% | ||
| Q3 24 | 33.0% | 7.0% | ||
| Q2 24 | 38.6% | 7.4% | ||
| Q1 24 | 33.7% | 7.1% |
| Q4 25 | 22.5% | 5.4% | ||
| Q3 25 | 27.9% | 5.5% | ||
| Q2 25 | 28.0% | 3.1% | ||
| Q1 25 | 26.8% | 4.2% | ||
| Q4 24 | 21.8% | 6.4% | ||
| Q3 24 | 25.8% | 4.7% | ||
| Q2 24 | 30.7% | 4.7% | ||
| Q1 24 | 26.1% | 4.7% |
| Q4 25 | $3.52 | $0.84 | ||
| Q3 25 | $4.14 | $0.80 | ||
| Q2 25 | $4.08 | $0.42 | ||
| Q1 25 | $3.64 | $0.59 | ||
| Q4 24 | $3.04 | $0.93 | ||
| Q3 24 | $3.49 | $0.65 | ||
| Q2 24 | $4.15 | $0.61 | ||
| Q1 24 | $3.33 | $0.62 |
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 | $3.7B |
| Total DebtLower is stronger | $56.4B | $9.7B |
| Stockholders' EquityBook value | $33.5B | $-346.0M |
| Total Assets | $300.1B | $41.8B |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $742.0M | $3.7B | ||
| Q3 25 | $1.3B | $2.9B | ||
| Q2 25 | $197.0M | $2.7B | ||
| Q1 25 | $261.0M | $2.9B | ||
| Q4 24 | $221.0M | $3.2B | ||
| Q3 24 | $120.0M | $2.8B | ||
| Q2 24 | $188.0M | $2.4B | ||
| Q1 24 | $69.0M | $2.3B |
| Q4 25 | $56.4B | $9.7B | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | $9.7B | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — | ||
| Q1 24 | $48.8B | — |
| Q4 25 | $33.5B | $-346.0M | ||
| Q3 25 | $32.4B | $-901.0M | ||
| Q2 25 | $32.3B | $-1.3B | ||
| Q1 25 | $31.2B | $-1.1B | ||
| Q4 24 | $30.3B | $-1.3B | ||
| Q3 24 | $29.7B | $-1.4B | ||
| Q2 24 | $29.5B | $-916.0M | ||
| Q1 24 | $28.8B | $-1.6B |
| Q4 25 | $300.1B | $41.8B | ||
| Q3 25 | $297.6B | $39.9B | ||
| Q2 25 | $295.6B | $38.8B | ||
| Q1 25 | $282.2B | $38.9B | ||
| Q4 24 | $271.5B | $39.9B | ||
| Q3 24 | $271.0B | $38.1B | ||
| Q2 24 | $272.2B | $37.4B | ||
| Q1 24 | $269.3B | $35.8B |
| 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× | — | ||
| 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 | $1.6B |
| Free Cash FlowOCF − Capex | $2.3B | $1.4B |
| FCF MarginFCF / Revenue | 21.4% | 9.7% |
| Capex IntensityCapex / Revenue | 6.6% | 1.3% |
| Cash ConversionOCF / Net Profit | 1.25× | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | $16.0B | $2.8B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1B | $1.6B | ||
| Q3 25 | $6.2B | $1.7B | ||
| Q2 25 | $4.4B | $38.0M | ||
| Q1 25 | $4.8B | $374.0M | ||
| Q4 24 | $5.8B | $1.6B | ||
| Q3 24 | $-1.8B | $1.4B | ||
| Q2 24 | $4.5B | $581.0M | ||
| Q1 24 | $5.6B | $121.0M |
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $5.6B | $1.4B | ||
| Q2 25 | $3.7B | $-145.0M | ||
| Q1 25 | $4.3B | $72.0M | ||
| Q4 24 | $5.3B | $1.5B | ||
| Q3 24 | $-2.3B | $1.3B | ||
| Q2 24 | $4.0B | $462.0M | ||
| Q1 24 | $5.2B | $-37.0M |
| Q4 25 | 21.4% | 9.7% | ||
| Q3 25 | 53.6% | 10.4% | ||
| Q2 25 | 36.3% | -1.1% | ||
| Q1 25 | 45.0% | 0.5% | ||
| Q4 24 | 53.1% | 10.5% | ||
| Q3 24 | -23.3% | 9.3% | ||
| Q2 24 | 40.4% | 3.6% | ||
| Q1 24 | 55.2% | -0.3% |
| Q4 25 | 6.6% | 1.3% | ||
| Q3 25 | 6.3% | 1.5% | ||
| Q2 25 | 6.0% | 1.4% | ||
| Q1 25 | 4.5% | 2.2% | ||
| Q4 24 | 5.0% | 1.1% | ||
| Q3 24 | 4.7% | 1.2% | ||
| Q2 24 | 5.8% | 0.9% | ||
| Q1 24 | 4.2% | 1.2% |
| Q4 25 | 1.25× | 2.04× | ||
| Q3 25 | 2.15× | 2.18× | ||
| Q2 25 | 1.51× | 0.09× | ||
| Q1 25 | 1.84× | 0.66× | ||
| Q4 24 | 2.66× | 1.79× | ||
| Q3 24 | -0.72× | 2.23× | ||
| Q2 24 | 1.50× | 0.96× | ||
| Q1 24 | 2.28× | 0.19× |
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% |
HPQ
| Commercial PS | $7.0B | 48% |
| Consumer PS | $3.4B | 23% |
| Supplies | $2.8B | 19% |
| Commercial Printing | $1.2B | 8% |
| Consumer Printing | $296.0M | 2% |
| Corporate Investments | $19.0M | 0% |
