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Side-by-side financial comparison of American Express (AXP) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $18.9M, roughly 1.8× American Express). American Express runs the higher net margin — 15.7% vs 8.7%, a 7.1% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (11.4% vs -0.1%). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% 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...
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
AXP vs SPOK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $33.9M |
| Net Profit | $3.0M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | — | 11.6% |
| Net Margin | 15.7% | 8.7% |
| Revenue YoY | 11.4% | -0.1% |
| Net Profit YoY | 15.0% | -19.6% |
| EPS (diluted) | — | $0.13 |
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 | $33.9M | ||
| Q3 25 | $10.4B | $33.9M | ||
| Q2 25 | $10.3B | $35.7M | ||
| Q1 25 | $9.6B | $36.3M | ||
| Q4 24 | $10.0B | $33.9M | ||
| Q3 24 | $9.7B | $34.9M | ||
| Q2 24 | $9.8B | $34.0M |
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $2.9M | ||
| Q3 25 | $2.9B | $3.2M | ||
| Q2 25 | $2.9B | $4.6M | ||
| Q1 25 | $2.6B | $5.2M | ||
| Q4 24 | $2.2B | $3.6M | ||
| Q3 24 | $2.5B | $3.7M | ||
| Q2 24 | $3.0B | $3.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% |
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 11.6% | ||
| Q3 25 | 36.7% | 12.9% | ||
| Q2 25 | 34.4% | 15.1% | ||
| Q1 25 | 34.6% | 16.6% | ||
| Q4 24 | 27.7% | 13.7% | ||
| Q3 24 | 33.0% | 14.2% | ||
| Q2 24 | 38.6% | 13.2% |
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | 8.7% | ||
| Q3 25 | 27.9% | 9.5% | ||
| Q2 25 | 28.0% | 12.8% | ||
| Q1 25 | 26.8% | 14.3% | ||
| Q4 24 | 21.8% | 10.8% | ||
| Q3 24 | 25.8% | 10.5% | ||
| Q2 24 | 30.7% | 10.1% |
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $0.13 | ||
| Q3 25 | $4.14 | $0.15 | ||
| Q2 25 | $4.08 | $0.22 | ||
| Q1 25 | $3.64 | $0.25 | ||
| Q4 24 | $3.04 | $0.17 | ||
| Q3 24 | $3.49 | $0.18 | ||
| Q2 24 | $4.15 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $25.3M |
| Total DebtLower is stronger | $60.4M | — |
| Stockholders' EquityBook value | $34.0M | $146.4M |
| Total Assets | $308.9M | $206.1M |
| Debt / EquityLower = less leverage | 1.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $25.3M | ||
| Q3 25 | $1.3B | $21.4M | ||
| Q2 25 | $197.0M | $20.2M | ||
| Q1 25 | $261.0M | $19.9M | ||
| Q4 24 | $221.0M | $29.1M | ||
| Q3 24 | $120.0M | $27.8M | ||
| Q2 24 | $188.0M | $23.9M |
| 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 | $146.4M | ||
| Q3 25 | $32.4B | $148.7M | ||
| Q2 25 | $32.3B | $150.9M | ||
| Q1 25 | $31.2B | $151.7M | ||
| Q4 24 | $30.3B | $154.7M | ||
| Q3 24 | $29.7B | $156.3M | ||
| Q2 24 | $29.5B | $158.2M |
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $206.1M | ||
| Q3 25 | $297.6B | $209.7M | ||
| Q2 25 | $295.6B | $208.7M | ||
| Q1 25 | $282.2B | $204.5M | ||
| Q4 24 | $271.5B | $217.1M | ||
| Q3 24 | $271.0B | $216.8M | ||
| Q2 24 | $272.2B | $216.4M |
| 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 | — | $11.5M |
| Free Cash FlowOCF − Capex | — | $10.1M |
| FCF MarginFCF / Revenue | — | 29.9% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $11.5M | ||
| Q3 25 | $6.2B | $8.1M | ||
| Q2 25 | $4.4B | $7.0M | ||
| Q1 25 | $4.8B | $2.3M | ||
| Q4 24 | $5.8B | $8.4M | ||
| Q3 24 | $-1.8B | $11.1M | ||
| Q2 24 | $4.5B | $7.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $10.1M | ||
| Q3 25 | $5.6B | $7.6M | ||
| Q2 25 | $3.7B | $6.0M | ||
| Q1 25 | $4.3B | $1.5M | ||
| Q4 24 | $5.3B | $7.5M | ||
| Q3 24 | $-2.3B | $10.3M | ||
| Q2 24 | $4.0B | $6.8M |
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 29.9% | ||
| Q3 25 | 53.6% | 22.4% | ||
| Q2 25 | 36.3% | 16.8% | ||
| Q1 25 | 45.0% | 4.2% | ||
| Q4 24 | 53.1% | 22.3% | ||
| Q3 24 | -23.3% | 29.4% | ||
| Q2 24 | 40.4% | 20.0% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 4.1% | ||
| Q3 25 | 6.3% | 1.6% | ||
| Q2 25 | 6.0% | 2.9% | ||
| Q1 25 | 4.5% | 2.1% | ||
| Q4 24 | 5.0% | 2.5% | ||
| Q3 24 | 4.7% | 2.4% | ||
| Q2 24 | 5.8% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 3.93× | ||
| Q3 25 | 2.15× | 2.54× | ||
| Q2 25 | 1.51× | 1.55× | ||
| Q1 25 | 1.84× | 0.43× | ||
| Q4 24 | 2.66× | 2.31× | ||
| Q3 24 | -0.72× | 3.03× | ||
| Q2 24 | 1.50× | 2.17× |
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% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
