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Side-by-side financial comparison of American Express (AXP) and Netflix (NFLX). Click either name above to swap in a different company.
Netflix is the larger business by last-quarter revenue ($12.2B vs $10.9B, roughly 1.1× American Express). Netflix runs the higher net margin — 43.1% vs 22.5%, a 20.6% gap on every dollar of revenue. On growth, Netflix posted the faster year-over-year revenue change (16.2% vs 9.9%). Netflix produced more free cash flow last quarter ($5.1B vs $2.3B). Over the past eight quarters, Netflix's revenue compounded faster (13.2% CAGR vs 8.2%).
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...
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
AXP vs NFLX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $10.9B | $12.2B |
| Net Profit | $2.5B | $5.3B |
| Gross Margin | — | 51.9% |
| Operating Margin | 28.2% | 32.3% |
| Net Margin | 22.5% | 43.1% |
| Revenue YoY | 9.9% | 16.2% |
| Net Profit YoY | 13.5% | 82.8% |
| EPS (diluted) | $3.52 | $1.23 |
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 | — | $12.2B | ||
| Q4 25 | $10.9B | $12.1B | ||
| Q3 25 | $10.4B | $11.5B | ||
| Q2 25 | $10.3B | $11.1B | ||
| Q1 25 | $9.6B | $10.5B | ||
| Q4 24 | $10.0B | $10.2B | ||
| Q3 24 | $9.7B | $9.8B | ||
| Q2 24 | $9.8B | $9.6B |
| Q1 26 | — | $5.3B | ||
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $2.9B | $2.5B | ||
| Q2 25 | $2.9B | $3.1B | ||
| Q1 25 | $2.6B | $2.9B | ||
| Q4 24 | $2.2B | $1.9B | ||
| Q3 24 | $2.5B | $2.4B | ||
| Q2 24 | $3.0B | $2.1B |
| Q1 26 | — | 51.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.4% | ||
| Q2 25 | — | 51.9% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 43.7% | ||
| Q3 24 | — | 47.9% | ||
| Q2 24 | — | 45.9% |
| Q1 26 | — | 32.3% | ||
| Q4 25 | 28.2% | 24.5% | ||
| Q3 25 | 36.7% | 28.2% | ||
| Q2 25 | 34.4% | 34.1% | ||
| Q1 25 | 34.6% | 31.7% | ||
| Q4 24 | 27.7% | 22.2% | ||
| Q3 24 | 33.0% | 29.6% | ||
| Q2 24 | 38.6% | 27.2% |
| Q1 26 | — | 43.1% | ||
| Q4 25 | 22.5% | 20.1% | ||
| Q3 25 | 27.9% | 22.1% | ||
| Q2 25 | 28.0% | 28.2% | ||
| Q1 25 | 26.8% | 27.4% | ||
| Q4 24 | 21.8% | 18.2% | ||
| Q3 24 | 25.8% | 24.1% | ||
| Q2 24 | 30.7% | 22.5% |
| Q1 26 | — | $1.23 | ||
| Q4 25 | $3.52 | $-17.14 | ||
| Q3 25 | $4.14 | $5.87 | ||
| Q2 25 | $4.08 | $7.19 | ||
| Q1 25 | $3.64 | $0.66 | ||
| Q4 24 | $3.04 | $4.27 | ||
| Q3 24 | $3.49 | $5.40 | ||
| Q2 24 | $4.15 | $4.88 |
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 | $12.3B |
| Total DebtLower is stronger | $56.4B | $13.4B |
| Stockholders' EquityBook value | $33.5B | $31.1B |
| Total Assets | $300.1B | $61.0B |
| Debt / EquityLower = less leverage | 1.68× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.3B | ||
| Q4 25 | $742.0M | $9.1B | ||
| Q3 25 | $1.3B | $9.3B | ||
| Q2 25 | $197.0M | $8.4B | ||
| Q1 25 | $261.0M | $8.4B | ||
| Q4 24 | $221.0M | $9.6B | ||
| Q3 24 | $120.0M | $9.2B | ||
| Q2 24 | $188.0M | $6.7B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $56.4B | $13.5B | ||
| Q3 25 | $57.8B | $14.5B | ||
| Q2 25 | $58.2B | $14.5B | ||
| Q1 25 | $51.2B | $14.0B | ||
| Q4 24 | $49.7B | $13.8B | ||
| Q3 24 | $53.5B | $14.2B | ||
| Q2 24 | $51.5B | $12.2B |
| Q1 26 | — | $31.1B | ||
| Q4 25 | $33.5B | $26.6B | ||
| Q3 25 | $32.4B | $26.0B | ||
| Q2 25 | $32.3B | $25.0B | ||
| Q1 25 | $31.2B | $24.0B | ||
| Q4 24 | $30.3B | $24.7B | ||
| Q3 24 | $29.7B | $22.7B | ||
| Q2 24 | $29.5B | $22.1B |
| Q1 26 | — | $61.0B | ||
| Q4 25 | $300.1B | $55.6B | ||
| Q3 25 | $297.6B | $54.9B | ||
| Q2 25 | $295.6B | $53.1B | ||
| Q1 25 | $282.2B | $52.1B | ||
| Q4 24 | $271.5B | $53.6B | ||
| Q3 24 | $271.0B | $52.3B | ||
| Q2 24 | $272.2B | $49.1B |
| Q1 26 | — | 0.43× | ||
| Q4 25 | 1.68× | 0.51× | ||
| Q3 25 | 1.78× | 0.56× | ||
| Q2 25 | 1.80× | 0.58× | ||
| Q1 25 | 1.64× | 0.58× | ||
| Q4 24 | 1.64× | 0.56× | ||
| Q3 24 | 1.80× | 0.62× | ||
| Q2 24 | 1.74× | 0.55× |
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 | $5.3B |
| Free Cash FlowOCF − Capex | $2.3B | $5.1B |
| FCF MarginFCF / Revenue | 21.4% | 41.6% |
| Capex IntensityCapex / Revenue | 6.6% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.25× | 1.00× |
| TTM Free Cash FlowTrailing 4 quarters | $16.0B | $11.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.3B | ||
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $6.2B | $2.8B | ||
| Q2 25 | $4.4B | $2.4B | ||
| Q1 25 | $4.8B | $2.8B | ||
| Q4 24 | $5.8B | $1.5B | ||
| Q3 24 | $-1.8B | $2.3B | ||
| Q2 24 | $4.5B | $1.3B |
| Q1 26 | — | $5.1B | ||
| Q4 25 | $2.3B | $1.9B | ||
| Q3 25 | $5.6B | $2.7B | ||
| Q2 25 | $3.7B | $2.3B | ||
| Q1 25 | $4.3B | $2.7B | ||
| Q4 24 | $5.3B | $1.4B | ||
| Q3 24 | $-2.3B | $2.2B | ||
| Q2 24 | $4.0B | $1.2B |
| Q1 26 | — | 41.6% | ||
| Q4 25 | 21.4% | 15.5% | ||
| Q3 25 | 53.6% | 23.1% | ||
| Q2 25 | 36.3% | 20.5% | ||
| Q1 25 | 45.0% | 25.2% | ||
| Q4 24 | 53.1% | 13.5% | ||
| Q3 24 | -23.3% | 22.3% | ||
| Q2 24 | 40.4% | 12.7% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | 6.6% | 2.0% | ||
| Q3 25 | 6.3% | 1.4% | ||
| Q2 25 | 6.0% | 1.4% | ||
| Q1 25 | 4.5% | 1.2% | ||
| Q4 24 | 5.0% | 1.5% | ||
| Q3 24 | 4.7% | 1.3% | ||
| Q2 24 | 5.8% | 0.8% |
| Q1 26 | — | 1.00× | ||
| Q4 25 | 1.25× | 0.87× | ||
| Q3 25 | 2.15× | 1.11× | ||
| Q2 25 | 1.51× | 0.78× | ||
| Q1 25 | 1.84× | 0.97× | ||
| Q4 24 | 2.66× | 0.82× | ||
| Q3 24 | -0.72× | 0.98× | ||
| Q2 24 | 1.50× | 0.60× |
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% |
NFLX
Segment breakdown not available.
