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Side-by-side financial comparison of American Express (AXP) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
American Express is the larger business by last-quarter revenue ($18.9M vs $15.8M, roughly 1.2× Spire Global, Inc.). American Express runs the higher net margin — 15.7% vs -176.6%, a 192.3% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (11.4% vs -26.9%). Over the past eight quarters, Spire Global, Inc.'s revenue compounded faster (-32.6% 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...
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
AXP vs SPIR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $15.8M |
| Net Profit | $3.0M | $-28.0M |
| Gross Margin | — | 40.2% |
| Operating Margin | — | -164.1% |
| Net Margin | 15.7% | -176.6% |
| Revenue YoY | 11.4% | -26.9% |
| Net Profit YoY | 15.0% | 42.7% |
| EPS (diluted) | — | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $10.4B | $12.7M | ||
| Q2 25 | $10.3B | $19.2M | ||
| Q1 25 | $9.6B | $23.9M | ||
| Q4 24 | $10.0B | $21.7M | ||
| Q3 24 | $9.7B | $28.6M | ||
| Q2 24 | $9.8B | $25.4M |
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $-28.0M | ||
| Q3 25 | $2.9B | $-19.7M | ||
| Q2 25 | $2.9B | $119.6M | ||
| Q1 25 | $2.6B | $-20.7M | ||
| Q4 24 | $2.2B | $-48.8M | ||
| Q3 24 | $2.5B | $-12.5M | ||
| Q2 24 | $3.0B | $-16.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% |
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | -164.1% | ||
| Q3 25 | 36.7% | -166.1% | ||
| Q2 25 | 34.4% | -122.7% | ||
| Q1 25 | 34.6% | -106.5% | ||
| Q4 24 | 27.7% | -144.1% | ||
| Q3 24 | 33.0% | -48.0% | ||
| Q2 24 | 38.6% | -48.6% |
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | -176.6% | ||
| Q3 25 | 27.9% | -155.3% | ||
| Q2 25 | 28.0% | 623.4% | ||
| Q1 25 | 26.8% | -86.5% | ||
| Q4 24 | 21.8% | -225.2% | ||
| Q3 24 | 25.8% | -43.7% | ||
| Q2 24 | 30.7% | -65.2% |
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $-0.85 | ||
| Q3 25 | $4.14 | $-0.61 | ||
| Q2 25 | $4.08 | $3.72 | ||
| Q1 25 | $3.64 | $-0.77 | ||
| Q4 24 | $3.04 | $-1.93 | ||
| Q3 24 | $3.49 | $-0.50 | ||
| Q2 24 | $4.15 | $-0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $81.8M |
| Total DebtLower is stronger | $60.4M | — |
| Stockholders' EquityBook value | $34.0M | $112.9M |
| Total Assets | $308.9M | $211.0M |
| Debt / EquityLower = less leverage | 1.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $81.8M | ||
| Q3 25 | $1.3B | $96.8M | ||
| Q2 25 | $197.0M | $117.6M | ||
| Q1 25 | $261.0M | $35.9M | ||
| Q4 24 | $221.0M | $19.2M | ||
| Q3 24 | $120.0M | $36.6M | ||
| Q2 24 | $188.0M | $45.8M |
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | — | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | $103.7M | ||
| Q4 24 | $49.7B | $103.1M | ||
| Q3 24 | $53.5B | $4.9M | ||
| Q2 24 | $51.5B | $4.9M |
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $112.9M | ||
| Q3 25 | $32.4B | $133.1M | ||
| Q2 25 | $32.3B | $149.2M | ||
| Q1 25 | $31.2B | $3.7M | ||
| Q4 24 | $30.3B | $-11.7M | ||
| Q3 24 | $29.7B | $30.8M | ||
| Q2 24 | $29.5B | $40.3M |
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $211.0M | ||
| Q3 25 | $297.6B | $224.3M | ||
| Q2 25 | $295.6B | $239.5M | ||
| Q1 25 | $282.2B | $208.8M | ||
| Q4 24 | $271.5B | $193.6M | ||
| Q3 24 | $271.0B | $224.2M | ||
| Q2 24 | $272.2B | $230.8M |
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | 27.92× | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.80× | 0.16× | ||
| Q2 24 | 1.74× | 0.12× |
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 | — | $-4.3M |
| Free Cash FlowOCF − Capex | — | $-16.2M |
| FCF MarginFCF / Revenue | — | -102.1% |
| Capex IntensityCapex / Revenue | — | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $-4.3M | ||
| Q3 25 | $6.2B | $-12.0M | ||
| Q2 25 | $4.4B | $-35.1M | ||
| Q1 25 | $4.8B | $-8.4M | ||
| Q4 24 | $5.8B | $-19.2M | ||
| Q3 24 | $-1.8B | $14.0M | ||
| Q2 24 | $4.5B | $-4.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $-16.2M | ||
| Q3 25 | $5.6B | $-20.4M | ||
| Q2 25 | $3.7B | $-38.7M | ||
| Q1 25 | $4.3B | $-17.3M | ||
| Q4 24 | $5.3B | $-24.3M | ||
| Q3 24 | $-2.3B | $5.1M | ||
| Q2 24 | $4.0B | $-9.9M |
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | -102.1% | ||
| Q3 25 | 53.6% | -161.3% | ||
| Q2 25 | 36.3% | -201.7% | ||
| Q1 25 | 45.0% | -72.6% | ||
| Q4 24 | 53.1% | -112.2% | ||
| Q3 24 | -23.3% | 17.8% | ||
| Q2 24 | 40.4% | -39.0% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 75.1% | ||
| Q3 25 | 6.3% | 66.2% | ||
| Q2 25 | 6.0% | 18.8% | ||
| Q1 25 | 4.5% | 37.3% | ||
| Q4 24 | 5.0% | 23.5% | ||
| Q3 24 | 4.7% | 31.2% | ||
| Q2 24 | 5.8% | 21.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | — | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | 1.51× | -0.29× | ||
| 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% |
SPIR
Segment breakdown not available.
