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Side-by-side financial comparison of American Express (AXP) and Marathon Petroleum (MPC). Click either name above to swap in a different company.
Marathon Petroleum is the larger business by last-quarter revenue ($32.6B vs $18.9B, roughly 1.7× American Express). American Express runs the higher net margin — 15.7% vs 4.7%, a 11.0% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (11.4% vs -1.7%). Over the past eight quarters, American Express's revenue compounded faster (38.8% CAGR vs -0.2%).
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...
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
AXP vs MPC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9B | $32.6B |
| Net Profit | $3.0B | $1.5B |
| Gross Margin | — | 11.4% |
| Operating Margin | — | 8.3% |
| Net Margin | 15.7% | 4.7% |
| Revenue YoY | 11.4% | -1.7% |
| Net Profit YoY | 15.0% | 313.7% |
| EPS (diluted) | $4.28 | $4.99 |
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 | $18.9B | — | ||
| Q4 25 | $10.9B | $32.6B | ||
| Q3 25 | $10.4B | $34.8B | ||
| Q2 25 | $10.3B | $33.8B | ||
| Q1 25 | $9.6B | $31.5B | ||
| Q4 24 | $10.0B | $33.1B | ||
| Q3 24 | $9.7B | $35.1B | ||
| Q2 24 | $9.8B | $37.9B |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $2.9B | $1.2B | ||
| Q1 25 | $2.6B | $-74.0M | ||
| Q4 24 | $2.2B | $371.0M | ||
| Q3 24 | $2.5B | $622.0M | ||
| Q2 24 | $3.0B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 10.5% |
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 8.3% | ||
| Q3 25 | 36.7% | 7.8% | ||
| Q2 25 | 34.4% | 6.5% | ||
| Q1 25 | 34.6% | 2.2% | ||
| Q4 24 | 27.7% | 3.4% | ||
| Q3 24 | 33.0% | 3.8% | ||
| Q2 24 | 38.6% | 6.7% |
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | 4.7% | ||
| Q3 25 | 27.9% | 3.9% | ||
| Q2 25 | 28.0% | 3.6% | ||
| Q1 25 | 26.8% | -0.2% | ||
| Q4 24 | 21.8% | 1.1% | ||
| Q3 24 | 25.8% | 1.8% | ||
| Q2 24 | 30.7% | 4.0% |
| Q1 26 | $4.28 | — | ||
| Q4 25 | $3.52 | $4.99 | ||
| Q3 25 | $4.14 | $4.51 | ||
| Q2 25 | $4.08 | $3.96 | ||
| Q1 25 | $3.64 | $-0.24 | ||
| Q4 24 | $3.04 | $1.30 | ||
| Q3 24 | $3.49 | $1.87 | ||
| Q2 24 | $4.15 | $4.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.7B |
| Total DebtLower is stronger | $60.4M | $30.5B |
| Stockholders' EquityBook value | $34.0M | $17.3B |
| Total Assets | $308.9M | $84.0B |
| Debt / EquityLower = less leverage | 1.78× | 1.76× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $3.7B | ||
| Q3 25 | $1.3B | $2.7B | ||
| Q2 25 | $197.0M | $1.7B | ||
| Q1 25 | $261.0M | $3.8B | ||
| Q4 24 | $221.0M | $3.2B | ||
| Q3 24 | $120.0M | $5.1B | ||
| Q2 24 | $188.0M | $8.5B |
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | $30.5B | ||
| Q3 25 | $57.8B | $31.2B | ||
| Q2 25 | $58.2B | $26.8B | ||
| Q1 25 | $51.2B | $26.8B | ||
| Q4 24 | $49.7B | $24.4B | ||
| Q3 24 | $53.5B | $24.1B | ||
| Q2 24 | $51.5B | $24.0B |
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $17.3B | ||
| Q3 25 | $32.4B | $17.1B | ||
| Q2 25 | $32.3B | $16.6B | ||
| Q1 25 | $31.2B | $16.4B | ||
| Q4 24 | $30.3B | $17.7B | ||
| Q3 24 | $29.7B | $18.9B | ||
| Q2 24 | $29.5B | $21.3B |
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $84.0B | ||
| Q3 25 | $297.6B | $83.2B | ||
| Q2 25 | $295.6B | $78.5B | ||
| Q1 25 | $282.2B | $81.6B | ||
| Q4 24 | $271.5B | $78.9B | ||
| Q3 24 | $271.0B | $79.8B | ||
| Q2 24 | $272.2B | $85.2B |
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | 1.76× | ||
| Q3 25 | 1.78× | 1.83× | ||
| Q2 25 | 1.80× | 1.61× | ||
| Q1 25 | 1.64× | 1.64× | ||
| Q4 24 | 1.64× | 1.38× | ||
| Q3 24 | 1.80× | 1.27× | ||
| Q2 24 | 1.74× | 1.13× |
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 |
| Free Cash FlowOCF − Capex | — | $1.9B |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue | — | 3.6% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $3.1B | ||
| Q3 25 | $6.2B | $2.6B | ||
| Q2 25 | $4.4B | $2.6B | ||
| Q1 25 | $4.8B | $-64.0M | ||
| Q4 24 | $5.8B | $2.2B | ||
| Q3 24 | $-1.8B | $1.7B | ||
| Q2 24 | $4.5B | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $1.9B | ||
| Q3 25 | $5.6B | $1.7B | ||
| Q2 25 | $3.7B | $1.9B | ||
| Q1 25 | $4.3B | $-727.0M | ||
| Q4 24 | $5.3B | $1.4B | ||
| Q3 24 | $-2.3B | $1.0B | ||
| Q2 24 | $4.0B | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 5.8% | ||
| Q3 25 | 53.6% | 4.8% | ||
| Q2 25 | 36.3% | 5.8% | ||
| Q1 25 | 45.0% | -2.3% | ||
| Q4 24 | 53.1% | 4.2% | ||
| Q3 24 | -23.3% | 2.9% | ||
| Q2 24 | 40.4% | 7.3% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 3.6% | ||
| Q3 25 | 6.3% | 2.7% | ||
| Q2 25 | 6.0% | 2.1% | ||
| Q1 25 | 4.5% | 2.1% | ||
| Q4 24 | 5.0% | 2.4% | ||
| Q3 24 | 4.7% | 1.9% | ||
| Q2 24 | 5.8% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 2.00× | ||
| Q3 25 | 2.15× | 1.90× | ||
| Q2 25 | 1.51× | 2.17× | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 2.66× | 5.95× | ||
| Q3 24 | -0.72× | 2.71× | ||
| Q2 24 | 1.50× | 2.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXP
Segment breakdown not available.
MPC
| Refined Products | $28.6B | 88% |
| Midstream | $1.4B | 4% |
| Crude Oil | $1.2B | 4% |
| Renewable Diesel | $851.0M | 3% |
| Related Party | $536.0M | 2% |
| Services & Other | $466.0M | 1% |
