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Side-by-side financial comparison of American Express (AXP) and Coca-Cola Company (The) (KO). Click either name above to swap in a different company.
Coca-Cola Company (The) is the larger business by last-quarter revenue ($11.8B vs $10.9B, roughly 1.1× American Express). American Express runs the higher net margin — 22.5% vs 19.2%, a 3.3% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (9.9% vs 2.4%). Coca-Cola Company (The) produced more free cash flow last quarter ($2.9B vs $2.3B). Over the past eight quarters, American Express's revenue compounded faster (8.2% CAGR vs 2.3%).
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 Coca-Cola Company is an American multinational corporation founded in 1892 headquartered in Atlanta, Georgia. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is listed on the New York Stock Exchange and is a component of the DJIA and the S&P 500 and S&P 100 indices.
AXP vs KO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.9B | $11.8B |
| Net Profit | $2.5B | $2.3B |
| Gross Margin | — | 60.0% |
| Operating Margin | 28.2% | 15.6% |
| Net Margin | 22.5% | 19.2% |
| Revenue YoY | 9.9% | 2.4% |
| Net Profit YoY | 13.5% | 3.5% |
| EPS (diluted) | $3.52 | $0.53 |
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 | $11.8B | ||
| Q3 25 | $10.4B | $12.5B | ||
| Q2 25 | $10.3B | $12.5B | ||
| Q1 25 | $9.6B | $11.1B | ||
| Q4 24 | $10.0B | $11.5B | ||
| Q3 24 | $9.7B | $11.9B | ||
| Q2 24 | $9.8B | $12.4B | ||
| Q1 24 | $9.3B | $11.3B |
| Q4 25 | $2.5B | $2.3B | ||
| Q3 25 | $2.9B | $3.7B | ||
| Q2 25 | $2.9B | $3.8B | ||
| Q1 25 | $2.6B | $3.3B | ||
| Q4 24 | $2.2B | $2.2B | ||
| Q3 24 | $2.5B | $2.8B | ||
| Q2 24 | $3.0B | $2.4B | ||
| Q1 24 | $2.4B | $3.2B |
| Q4 25 | — | 60.0% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 62.4% | ||
| Q1 25 | — | 62.6% | ||
| Q4 24 | — | 60.0% | ||
| Q3 24 | — | 60.7% | ||
| Q2 24 | — | 61.1% | ||
| Q1 24 | — | 62.5% |
| Q4 25 | 28.2% | 15.6% | ||
| Q3 25 | 36.7% | 32.0% | ||
| Q2 25 | 34.4% | 34.1% | ||
| Q1 25 | 34.6% | 32.9% | ||
| Q4 24 | 27.7% | 23.5% | ||
| Q3 24 | 33.0% | 21.2% | ||
| Q2 24 | 38.6% | 21.3% | ||
| Q1 24 | 33.7% | 18.9% |
| Q4 25 | 22.5% | 19.2% | ||
| Q3 25 | 27.9% | 29.7% | ||
| Q2 25 | 28.0% | 30.4% | ||
| Q1 25 | 26.8% | 29.9% | ||
| Q4 24 | 21.8% | 19.0% | ||
| Q3 24 | 25.8% | 24.0% | ||
| Q2 24 | 30.7% | 19.5% | ||
| Q1 24 | 26.1% | 28.1% |
| Q4 25 | $3.52 | $0.53 | ||
| Q3 25 | $4.14 | $0.86 | ||
| Q2 25 | $4.08 | $0.88 | ||
| Q1 25 | $3.64 | $0.77 | ||
| Q4 24 | $3.04 | $0.50 | ||
| Q3 24 | $3.49 | $0.66 | ||
| Q2 24 | $4.15 | $0.56 | ||
| Q1 24 | $3.33 | $0.74 |
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 | $10.3B |
| Total DebtLower is stronger | $56.4B | $42.1B |
| Stockholders' EquityBook value | $33.5B | $32.2B |
| Total Assets | $300.1B | $104.8B |
| Debt / EquityLower = less leverage | 1.68× | 1.31× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $742.0M | $10.3B | ||
| Q3 25 | $1.3B | $12.7B | ||
| Q2 25 | $197.0M | $9.6B | ||
| Q1 25 | $261.0M | $8.4B | ||
| Q4 24 | $221.0M | $10.8B | ||
| Q3 24 | $120.0M | $13.9B | ||
| Q2 24 | $188.0M | $13.7B | ||
| Q1 24 | $69.0M | $10.4B |
| Q4 25 | $56.4B | $42.1B | ||
| Q3 25 | $57.8B | $43.2B | ||
| Q2 25 | $58.2B | $45.0B | ||
| Q1 25 | $51.2B | $43.5B | ||
| Q4 24 | $49.7B | $42.4B | ||
| Q3 24 | $53.5B | $43.0B | ||
| Q2 24 | $51.5B | $38.1B | ||
| Q1 24 | $48.8B | $36.5B |
| Q4 25 | $33.5B | $32.2B | ||
| Q3 25 | $32.4B | $31.2B | ||
| Q2 25 | $32.3B | $28.6B | ||
| Q1 25 | $31.2B | $26.2B | ||
| Q4 24 | $30.3B | $24.9B | ||
| Q3 24 | $29.7B | $26.5B | ||
| Q2 24 | $29.5B | $25.9B | ||
| Q1 24 | $28.8B | $26.4B |
| Q4 25 | $300.1B | $104.8B | ||
| Q3 25 | $297.6B | $106.0B | ||
| Q2 25 | $295.6B | $104.3B | ||
| Q1 25 | $282.2B | $101.7B | ||
| Q4 24 | $271.5B | $100.5B | ||
| Q3 24 | $271.0B | $106.3B | ||
| Q2 24 | $272.2B | $101.2B | ||
| Q1 24 | $269.3B | $99.4B |
| Q4 25 | 1.68× | 1.31× | ||
| Q3 25 | 1.78× | 1.38× | ||
| Q2 25 | 1.80× | 1.57× | ||
| Q1 25 | 1.64× | 1.66× | ||
| Q4 24 | 1.64× | 1.70× | ||
| Q3 24 | 1.80× | 1.62× | ||
| Q2 24 | 1.74× | 1.47× | ||
| Q1 24 | 1.70× | 1.38× |
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 | $3.8B |
| Free Cash FlowOCF − Capex | $2.3B | $2.9B |
| FCF MarginFCF / Revenue | 21.4% | 24.3% |
| Capex IntensityCapex / Revenue | 6.6% | 7.5% |
| Cash ConversionOCF / Net Profit | 1.25× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $16.0B | $5.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1B | $3.8B | ||
| Q3 25 | $6.2B | $5.0B | ||
| Q2 25 | $4.4B | $3.8B | ||
| Q1 25 | $4.8B | $-5.2B | ||
| Q4 24 | $5.8B | $4.0B | ||
| Q3 24 | $-1.8B | $-1.3B | ||
| Q2 24 | $4.5B | $3.6B | ||
| Q1 24 | $5.6B | $528.0M |
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $5.6B | $4.6B | ||
| Q2 25 | $3.7B | $3.4B | ||
| Q1 25 | $4.3B | $-5.5B | ||
| Q4 24 | $5.3B | $3.1B | ||
| Q3 24 | $-2.3B | $-1.7B | ||
| Q2 24 | $4.0B | $3.2B | ||
| Q1 24 | $5.2B | $158.0M |
| Q4 25 | 21.4% | 24.3% | ||
| Q3 25 | 53.6% | 36.6% | ||
| Q2 25 | 36.3% | 26.9% | ||
| Q1 25 | 45.0% | -49.5% | ||
| Q4 24 | 53.1% | 27.3% | ||
| Q3 24 | -23.3% | -14.6% | ||
| Q2 24 | 40.4% | 25.6% | ||
| Q1 24 | 55.2% | 1.4% |
| Q4 25 | 6.6% | 7.5% | ||
| Q3 25 | 6.3% | 3.8% | ||
| Q2 25 | 6.0% | 3.5% | ||
| Q1 25 | 4.5% | 2.8% | ||
| Q4 24 | 5.0% | 7.0% | ||
| Q3 24 | 4.7% | 4.0% | ||
| Q2 24 | 5.8% | 3.4% | ||
| Q1 24 | 4.2% | 3.3% |
| Q4 25 | 1.25× | 1.65× | ||
| Q3 25 | 2.15× | 1.36× | ||
| Q2 25 | 1.51× | 1.00× | ||
| Q1 25 | 1.84× | -1.56× | ||
| Q4 24 | 2.66× | 1.80× | ||
| Q3 24 | -0.72× | -0.44× | ||
| Q2 24 | 1.50× | 1.49× | ||
| Q1 24 | 2.28× | 0.17× |
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% |
KO
| Other | $7.0B | 59% |
| Finished Product Operations | $2.4B | 21% |
| Concentrate Operations | $2.4B | 20% |
