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Side-by-side financial comparison of American Express (AXP) and ON24 INC. (ONTF). Click either name above to swap in a different company.
ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $18.9M, roughly 1.8× American Express). American Express runs the higher net margin — 15.7% vs -18.8%, a 34.5% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (11.4% vs -5.6%). Over the past eight quarters, ON24 INC.'s revenue compounded faster (-4.2% CAGR vs -95.6%).
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...
ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.
AXP vs ONTF — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $34.6M |
| Net Profit | $3.0M | $-6.5M |
| Gross Margin | — | 74.9% |
| Operating Margin | — | -23.5% |
| Net Margin | 15.7% | -18.8% |
| Revenue YoY | 11.4% | -5.6% |
| Net Profit YoY | 15.0% | 26.8% |
| EPS (diluted) | — | $-0.15 |
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 | $18.9M | — | ||
| Q4 25 | $10.9B | $34.6M | ||
| Q3 25 | $10.4B | $34.6M | ||
| Q2 25 | $10.3B | $35.3M | ||
| Q1 25 | $9.6B | $34.7M | ||
| Q4 24 | $10.0B | $36.7M | ||
| Q3 24 | $9.7B | $36.3M | ||
| Q2 24 | $9.8B | $37.3M |
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $-6.5M | ||
| Q3 25 | $2.9B | $-6.4M | ||
| Q2 25 | $2.9B | $-7.3M | ||
| Q1 25 | $2.6B | $-8.7M | ||
| Q4 24 | $2.2B | $-8.9M | ||
| Q3 24 | $2.5B | $-11.4M | ||
| Q2 24 | $3.0B | $-11.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 74.9% | ||
| Q3 25 | — | 74.7% | ||
| Q2 25 | — | 75.1% | ||
| Q1 25 | — | 73.8% | ||
| Q4 24 | — | 74.5% | ||
| Q3 24 | — | 74.3% | ||
| Q2 24 | — | 74.5% |
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | -23.5% | ||
| Q3 25 | 36.7% | -23.1% | ||
| Q2 25 | 34.4% | -26.0% | ||
| Q1 25 | 34.6% | -30.1% | ||
| Q4 24 | 27.7% | -32.1% | ||
| Q3 24 | 33.0% | -36.7% | ||
| Q2 24 | 38.6% | -35.0% |
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | -18.8% | ||
| Q3 25 | 27.9% | -18.4% | ||
| Q2 25 | 28.0% | -20.6% | ||
| Q1 25 | 26.8% | -25.1% | ||
| Q4 24 | 21.8% | -24.2% | ||
| Q3 24 | 25.8% | -31.4% | ||
| Q2 24 | 30.7% | -29.9% |
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $-0.15 | ||
| Q3 25 | $4.14 | $-0.15 | ||
| Q2 25 | $4.08 | $-0.17 | ||
| Q1 25 | $3.64 | $-0.21 | ||
| Q4 24 | $3.04 | $-0.21 | ||
| Q3 24 | $3.49 | $-0.27 | ||
| Q2 24 | $4.15 | $-0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $37.0M |
| Total DebtLower is stronger | $60.4M | — |
| Stockholders' EquityBook value | $34.0M | $139.4M |
| Total Assets | $308.9M | $228.4M |
| Debt / EquityLower = less leverage | 1.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $37.0M | ||
| Q3 25 | $1.3B | $47.2M | ||
| Q2 25 | $197.0M | $37.7M | ||
| Q1 25 | $261.0M | $26.8M | ||
| Q4 24 | $221.0M | $14.9M | ||
| Q3 24 | $120.0M | $11.0M | ||
| Q2 24 | $188.0M | $15.5M |
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | — | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | — | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — |
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $139.4M | ||
| Q3 25 | $32.4B | $144.3M | ||
| Q2 25 | $32.3B | $150.0M | ||
| Q1 25 | $31.2B | $153.7M | ||
| Q4 24 | $30.3B | $159.4M | ||
| Q3 24 | $29.7B | $164.9M | ||
| Q2 24 | $29.5B | $170.8M |
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $228.4M | ||
| Q3 25 | $297.6B | $224.8M | ||
| Q2 25 | $295.6B | $235.1M | ||
| Q1 25 | $282.2B | $245.8M | ||
| Q4 24 | $271.5B | $251.0M | ||
| Q3 24 | $271.0B | $250.9M | ||
| Q2 24 | $272.2B | $259.0M |
| Q1 26 | 1.78× | — | ||
| 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× | — |
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 | — | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -6.4% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $-1.1M | ||
| Q3 25 | $6.2B | $2.5M | ||
| Q2 25 | $4.4B | $2.6M | ||
| Q1 25 | $4.8B | $3.4M | ||
| Q4 24 | $5.8B | $985.0K | ||
| Q3 24 | $-1.8B | $295.0K | ||
| Q2 24 | $4.5B | $1.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $-2.2M | ||
| Q3 25 | $5.6B | $2.2M | ||
| Q2 25 | $3.7B | $2.1M | ||
| Q1 25 | $4.3B | $1.9M | ||
| Q4 24 | $5.3B | $424.0K | ||
| Q3 24 | $-2.3B | $143.0K | ||
| Q2 24 | $4.0B | $898.0K |
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | -6.4% | ||
| Q3 25 | 53.6% | 6.2% | ||
| Q2 25 | 36.3% | 5.9% | ||
| Q1 25 | 45.0% | 5.6% | ||
| Q4 24 | 53.1% | 1.2% | ||
| Q3 24 | -23.3% | 0.4% | ||
| Q2 24 | 40.4% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 3.3% | ||
| Q3 25 | 6.3% | 1.1% | ||
| Q2 25 | 6.0% | 1.4% | ||
| Q1 25 | 4.5% | 4.2% | ||
| Q4 24 | 5.0% | 1.5% | ||
| Q3 24 | 4.7% | 0.4% | ||
| Q2 24 | 5.8% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | — | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 2.66× | — | ||
| Q3 24 | -0.72× | — | ||
| Q2 24 | 1.50× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXP
| Discount revenue | $9.5M | 50% |
| Other | $8.9M | 47% |
| Deposits with banks and other | $512.0K | 3% |
ONTF
Segment breakdown not available.
