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Side-by-side financial comparison of American Express (AXP) and Micron Technology (MU). Click either name above to swap in a different company.
Micron Technology is the larger business by last-quarter revenue ($23.9B vs $18.9B, roughly 1.3× American Express). Micron Technology runs the higher net margin — 57.8% vs 15.7%, a 42.1% gap on every dollar of revenue. On growth, Micron Technology posted the faster year-over-year revenue change (196.3% vs 11.4%). Over the past eight quarters, Micron Technology's revenue compounded faster (75.5% CAGR vs 38.8%).
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...
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and solid-state drives (SSDs). It is headquartered in Boise, Idaho.
AXP vs MU — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $18.9B | $23.9B |
| Net Profit | $3.0B | $13.8B |
| Gross Margin | — | 74.4% |
| Operating Margin | — | 67.6% |
| Net Margin | 15.7% | 57.8% |
| Revenue YoY | 11.4% | 196.3% |
| Net Profit YoY | 15.0% | 770.8% |
| EPS (diluted) | $4.28 | $12.07 |
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.
| Q2 26 | — | $23.9B | ||
| Q1 26 | $18.9B | $23.9B | ||
| Q4 25 | $10.9B | $13.6B | ||
| Q3 25 | $10.4B | $11.3B | ||
| Q2 25 | $10.3B | $9.3B | ||
| Q1 25 | $9.6B | $8.1B | ||
| Q4 24 | $10.0B | $8.7B | ||
| Q3 24 | $9.7B | $7.8B |
| Q2 26 | — | $13.8B | ||
| Q1 26 | $3.0B | $13.8B | ||
| Q4 25 | $2.5B | $5.2B | ||
| Q3 25 | $2.9B | $3.2B | ||
| Q2 25 | $2.9B | $1.9B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.2B | $1.9B | ||
| Q3 24 | $2.5B | — |
| Q2 26 | — | 74.4% | ||
| Q1 26 | — | 74.4% | ||
| Q4 25 | — | 56.0% | ||
| Q3 25 | — | 44.7% | ||
| Q2 25 | — | 37.7% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 35.3% |
| Q2 26 | — | 67.6% | ||
| Q1 26 | — | 67.6% | ||
| Q4 25 | 28.2% | 45.0% | ||
| Q3 25 | 36.7% | 32.3% | ||
| Q2 25 | 34.4% | 23.3% | ||
| Q1 25 | 34.6% | 22.0% | ||
| Q4 24 | 27.7% | 25.0% | ||
| Q3 24 | 33.0% | — |
| Q2 26 | — | 57.8% | ||
| Q1 26 | 15.7% | 57.8% | ||
| Q4 25 | 22.5% | 38.4% | ||
| Q3 25 | 27.9% | 28.3% | ||
| Q2 25 | 28.0% | 20.3% | ||
| Q1 25 | 26.8% | 19.7% | ||
| Q4 24 | 21.8% | 21.5% | ||
| Q3 24 | 25.8% | — |
| Q2 26 | — | $12.07 | ||
| Q1 26 | $4.28 | $12.07 | ||
| Q4 25 | $3.52 | $4.60 | ||
| Q3 25 | $4.14 | $2.83 | ||
| Q2 25 | $4.08 | $1.68 | ||
| Q1 25 | $3.64 | $1.41 | ||
| Q4 24 | $3.04 | $1.67 | ||
| Q3 24 | $3.49 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $14.6B |
| Total DebtLower is stronger | $60.4M | $9.6B |
| Stockholders' EquityBook value | $34.0M | $72.5B |
| Total Assets | $308.9M | $101.5B |
| Debt / EquityLower = less leverage | 1.78× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $14.6B | ||
| Q1 26 | — | $13.9B | ||
| Q4 25 | $742.0M | $9.7B | ||
| Q3 25 | $1.3B | $9.6B | ||
| Q2 25 | $197.0M | $10.2B | ||
| Q1 25 | $261.0M | $7.6B | ||
| Q4 24 | $221.0M | $6.7B | ||
| Q3 24 | $120.0M | $7.0B |
| Q2 26 | — | $9.6B | ||
| Q1 26 | $60.4M | $9.6B | ||
| Q4 25 | $56.4B | $11.2B | ||
| Q3 25 | $57.8B | $14.0B | ||
| Q2 25 | $58.2B | $15.0B | ||
| Q1 25 | $51.2B | $13.9B | ||
| Q4 24 | $49.7B | $13.3B | ||
| Q3 24 | $53.5B | $13.0B |
| Q2 26 | — | $72.5B | ||
| Q1 26 | $34.0M | $72.5B | ||
| Q4 25 | $33.5B | $58.8B | ||
| Q3 25 | $32.4B | $54.2B | ||
| Q2 25 | $32.3B | $50.7B | ||
| Q1 25 | $31.2B | $48.6B | ||
| Q4 24 | $30.3B | $46.8B | ||
| Q3 24 | $29.7B | $45.1B |
| Q2 26 | — | $101.5B | ||
| Q1 26 | $308.9M | $101.5B | ||
| Q4 25 | $300.1B | $86.0B | ||
| Q3 25 | $297.6B | $82.8B | ||
| Q2 25 | $295.6B | $78.4B | ||
| Q1 25 | $282.2B | $73.1B | ||
| Q4 24 | $271.5B | $71.5B | ||
| Q3 24 | $271.0B | $69.4B |
| Q2 26 | — | 0.13× | ||
| Q1 26 | 1.78× | 0.13× | ||
| Q4 25 | 1.68× | 0.19× | ||
| Q3 25 | 1.78× | 0.26× | ||
| Q2 25 | 1.80× | 0.30× | ||
| Q1 25 | 1.64× | 0.28× | ||
| Q4 24 | 1.64× | 0.28× | ||
| Q3 24 | 1.80× | 0.29× |
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 | — | $20.3B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 21.0% |
| Cash ConversionOCF / Net Profit | — | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $20.3B | ||
| Q1 26 | — | $11.9B | ||
| Q4 25 | $3.1B | $8.4B | ||
| Q3 25 | $6.2B | $17.5B | ||
| Q2 25 | $4.4B | $4.6B | ||
| Q1 25 | $4.8B | $3.9B | ||
| Q4 24 | $5.8B | $3.2B | ||
| Q3 24 | $-1.8B | $8.5B |
| Q2 26 | — | — | ||
| Q1 26 | — | $5.5B | ||
| Q4 25 | $2.3B | $3.0B | ||
| Q3 25 | $5.6B | $1.7B | ||
| Q2 25 | $3.7B | $1.7B | ||
| Q1 25 | $4.3B | $-113.0M | ||
| Q4 24 | $5.3B | $38.0M | ||
| Q3 24 | $-2.3B | $121.0M |
| Q2 26 | — | — | ||
| Q1 26 | — | 23.1% | ||
| Q4 25 | 21.4% | 22.2% | ||
| Q3 25 | 53.6% | 14.7% | ||
| Q2 25 | 36.3% | 18.0% | ||
| Q1 25 | 45.0% | -1.4% | ||
| Q4 24 | 53.1% | 0.4% | ||
| Q3 24 | -23.3% | 1.6% |
| Q2 26 | — | 21.0% | ||
| Q1 26 | — | 26.8% | ||
| Q4 25 | 6.6% | 39.5% | ||
| Q3 25 | 6.3% | 140.1% | ||
| Q2 25 | 6.0% | 31.6% | ||
| Q1 25 | 4.5% | 50.4% | ||
| Q4 24 | 5.0% | 36.8% | ||
| Q3 24 | 4.7% | 108.2% |
| Q2 26 | — | 1.47× | ||
| Q1 26 | — | 0.86× | ||
| Q4 25 | 1.25× | 1.61× | ||
| Q3 25 | 2.15× | 5.47× | ||
| Q2 25 | 1.51× | 2.45× | ||
| Q1 25 | 1.84× | 2.49× | ||
| Q4 24 | 2.66× | 1.73× | ||
| Q3 24 | -0.72× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
