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Side-by-side financial comparison of American Express (AXP) and PG&E Corporation (PCG). Click either name above to swap in a different company.
American Express is the larger business by last-quarter revenue ($10.9B vs $6.9B, roughly 1.6× PG&E Corporation). American Express runs the higher net margin — 22.5% vs 12.9%, a 9.6% gap on every dollar of revenue. On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 9.9%). Over the past eight quarters, American Express's revenue compounded faster (8.2% CAGR vs 7.2%).
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...
Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
AXP vs PCG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $10.9B | $6.9B |
| Net Profit | $2.5B | $885.0M |
| Gross Margin | — | — |
| Operating Margin | 28.2% | 21.4% |
| Net Margin | 22.5% | 12.9% |
| Revenue YoY | 9.9% | 15.0% |
| Net Profit YoY | 13.5% | 39.6% |
| EPS (diluted) | $3.52 | $0.39 |
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 | — | $6.9B | ||
| Q4 25 | $10.9B | $6.8B | ||
| Q3 25 | $10.4B | $6.3B | ||
| Q2 25 | $10.3B | $5.9B | ||
| Q1 25 | $9.6B | $6.0B | ||
| Q4 24 | $10.0B | $6.6B | ||
| Q3 24 | $9.7B | $5.9B | ||
| Q2 24 | $9.8B | $6.0B |
| Q1 26 | — | $885.0M | ||
| Q4 25 | $2.5B | $670.0M | ||
| Q3 25 | $2.9B | $850.0M | ||
| Q2 25 | $2.9B | $549.0M | ||
| Q1 25 | $2.6B | $634.0M | ||
| Q4 24 | $2.2B | $674.0M | ||
| Q3 24 | $2.5B | $579.0M | ||
| Q2 24 | $3.0B | $524.0M |
| Q1 26 | — | 21.4% | ||
| Q4 25 | 28.2% | 18.0% | ||
| Q3 25 | 36.7% | 19.3% | ||
| Q2 25 | 34.4% | 18.6% | ||
| Q1 25 | 34.6% | 20.4% | ||
| Q4 24 | 27.7% | 15.4% | ||
| Q3 24 | 33.0% | 17.3% | ||
| Q2 24 | 38.6% | 18.9% |
| Q1 26 | — | 12.9% | ||
| Q4 25 | 22.5% | 9.8% | ||
| Q3 25 | 27.9% | 13.6% | ||
| Q2 25 | 28.0% | 9.3% | ||
| Q1 25 | 26.8% | 10.6% | ||
| Q4 24 | 21.8% | 10.2% | ||
| Q3 24 | 25.8% | 9.7% | ||
| Q2 24 | 30.7% | 8.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $3.52 | $0.29 | ||
| Q3 25 | $4.14 | $0.37 | ||
| Q2 25 | $4.08 | $0.24 | ||
| Q1 25 | $3.64 | $0.28 | ||
| Q4 24 | $3.04 | $0.30 | ||
| Q3 24 | $3.49 | $0.27 | ||
| Q2 24 | $4.15 | $0.24 |
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 | — |
| Total DebtLower is stronger | $56.4B | — |
| Stockholders' EquityBook value | $33.5B | — |
| Total Assets | $300.1B | — |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $713.0M | ||
| Q3 25 | $1.3B | $404.0M | ||
| Q2 25 | $197.0M | $494.0M | ||
| Q1 25 | $261.0M | $2.0B | ||
| Q4 24 | $221.0M | $940.0M | ||
| Q3 24 | $120.0M | $895.0M | ||
| Q2 24 | $188.0M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $56.4B | $57.4B | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | $53.6B | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — |
| Q1 26 | — | — | ||
| Q4 25 | $33.5B | $32.5B | ||
| Q3 25 | $32.4B | $32.0B | ||
| Q2 25 | $32.3B | $31.2B | ||
| Q1 25 | $31.2B | $30.7B | ||
| Q4 24 | $30.3B | $30.1B | ||
| Q3 24 | $29.7B | $26.8B | ||
| Q2 24 | $29.5B | $26.3B |
| Q1 26 | — | — | ||
| Q4 25 | $300.1B | $141.6B | ||
| Q3 25 | $297.6B | $138.2B | ||
| Q2 25 | $295.6B | $136.4B | ||
| Q1 25 | $282.2B | $135.4B | ||
| Q4 24 | $271.5B | $133.7B | ||
| Q3 24 | $271.0B | $132.3B | ||
| Q2 24 | $272.2B | $130.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 1.76× | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | 1.78× | ||
| 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 | $3.1B | — |
| Free Cash FlowOCF − Capex | $2.3B | — |
| FCF MarginFCF / Revenue | 21.4% | — |
| Capex IntensityCapex / Revenue | 6.6% | — |
| Cash ConversionOCF / Net Profit | 1.25× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $2.0B | ||
| Q3 25 | $6.2B | $2.9B | ||
| Q2 25 | $4.4B | $1.1B | ||
| Q1 25 | $4.8B | $2.8B | ||
| Q4 24 | $5.8B | $1.9B | ||
| Q3 24 | $-1.8B | $3.1B | ||
| Q2 24 | $4.5B | $711.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $-1.2B | ||
| Q3 25 | $5.6B | $-80.0M | ||
| Q2 25 | $3.7B | $-2.0B | ||
| Q1 25 | $4.3B | $213.0M | ||
| Q4 24 | $5.3B | $-896.0M | ||
| Q3 24 | $-2.3B | $526.0M | ||
| Q2 24 | $4.0B | $-1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | -17.6% | ||
| Q3 25 | 53.6% | -1.3% | ||
| Q2 25 | 36.3% | -34.0% | ||
| Q1 25 | 45.0% | 3.6% | ||
| Q4 24 | 53.1% | -13.5% | ||
| Q3 24 | -23.3% | 8.9% | ||
| Q2 24 | 40.4% | -26.5% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 46.4% | ||
| Q3 25 | 6.3% | 46.9% | ||
| Q2 25 | 6.0% | 52.0% | ||
| Q1 25 | 4.5% | 44.0% | ||
| Q4 24 | 5.0% | 42.6% | ||
| Q3 24 | 4.7% | 43.8% | ||
| Q2 24 | 5.8% | 38.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 2.93× | ||
| Q3 25 | 2.15× | 3.35× | ||
| Q2 25 | 1.51× | 1.93× | ||
| Q1 25 | 1.84× | 4.49× | ||
| Q4 24 | 2.66× | 2.87× | ||
| Q3 24 | -0.72× | 5.41× | ||
| Q2 24 | 1.50× | 1.36× |
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% |
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
