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Side-by-side financial comparison of American Express (AXP) and T-Mobile US (TMUS). Click either name above to swap in a different company.
T-Mobile US is the larger business by last-quarter revenue ($23.1B vs $18.9B, roughly 1.2× American Express). American Express runs the higher net margin — 15.7% vs 10.8%, a 4.9% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (11.4% vs 10.6%). Over the past eight quarters, American Express's revenue compounded faster (38.8% CAGR vs 8.1%).
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...
T-Mobile US, Inc. is an American wireless network operator headquartered in Bellevue, Washington. Its majority shareholder and namesake is the German telecommunications company Deutsche Telekom. T-Mobile is the second largest wireless carrier in the United States, with 140 million subscribers as of September 30, 2025.
AXP vs TMUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $18.9B | $23.1B |
| Net Profit | $3.0B | $2.5B |
| Gross Margin | — | — |
| Operating Margin | — | 20.8% |
| Net Margin | 15.7% | 10.8% |
| Revenue YoY | 11.4% | 10.6% |
| Net Profit YoY | 15.0% | -15.2% |
| EPS (diluted) | $4.28 | $2.27 |
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 | $18.9B | $23.1B | ||
| Q4 25 | $10.9B | $24.3B | ||
| Q3 25 | $10.4B | $22.0B | ||
| Q2 25 | $10.3B | $21.1B | ||
| Q1 25 | $9.6B | $20.9B | ||
| Q4 24 | $10.0B | $21.9B | ||
| Q3 24 | $9.7B | $20.2B | ||
| Q2 24 | $9.8B | $19.8B |
| Q1 26 | $3.0B | $2.5B | ||
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.9B | $2.7B | ||
| Q2 25 | $2.9B | $3.2B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.2B | $3.0B | ||
| Q3 24 | $2.5B | $3.1B | ||
| Q2 24 | $3.0B | $2.9B |
| Q1 26 | — | 20.8% | ||
| Q4 25 | 28.2% | 15.4% | ||
| Q3 25 | 36.7% | 20.6% | ||
| Q2 25 | 34.4% | 24.7% | ||
| Q1 25 | 34.6% | 23.0% | ||
| Q4 24 | 27.7% | 21.0% | ||
| Q3 24 | 33.0% | 23.8% | ||
| Q2 24 | 38.6% | 23.4% |
| Q1 26 | 15.7% | 10.8% | ||
| Q4 25 | 22.5% | 8.6% | ||
| Q3 25 | 27.9% | 12.4% | ||
| Q2 25 | 28.0% | 15.2% | ||
| Q1 25 | 26.8% | 14.1% | ||
| Q4 24 | 21.8% | 13.6% | ||
| Q3 24 | 25.8% | 15.2% | ||
| Q2 24 | 30.7% | 14.8% |
| Q1 26 | $4.28 | $2.27 | ||
| Q4 25 | $3.52 | $1.89 | ||
| Q3 25 | $4.14 | $2.41 | ||
| Q2 25 | $4.08 | $2.84 | ||
| Q1 25 | $3.64 | $2.58 | ||
| Q4 24 | $3.04 | $2.56 | ||
| Q3 24 | $3.49 | $2.61 | ||
| Q2 24 | $4.15 | $2.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.5B |
| Total DebtLower is stronger | $60.4M | $86.0B |
| Stockholders' EquityBook value | $34.0M | $55.9B |
| Total Assets | $308.9M | $214.7B |
| Debt / EquityLower = less leverage | 1.78× | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $742.0M | $5.6B | ||
| Q3 25 | $1.3B | $3.3B | ||
| Q2 25 | $197.0M | $10.3B | ||
| Q1 25 | $261.0M | $12.0B | ||
| Q4 24 | $221.0M | $5.4B | ||
| Q3 24 | $120.0M | $9.8B | ||
| Q2 24 | $188.0M | $6.4B |
| Q1 26 | $60.4M | $86.0B | ||
| Q4 25 | $56.4B | $86.3B | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | $78.3B | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — |
| Q1 26 | $34.0M | $55.9B | ||
| Q4 25 | $33.5B | $59.2B | ||
| Q3 25 | $32.4B | $60.5B | ||
| Q2 25 | $32.3B | $61.1B | ||
| Q1 25 | $31.2B | $61.1B | ||
| Q4 24 | $30.3B | $61.7B | ||
| Q3 24 | $29.7B | $64.3B | ||
| Q2 24 | $29.5B | $62.6B |
| Q1 26 | $308.9M | $214.7B | ||
| Q4 25 | $300.1B | $219.2B | ||
| Q3 25 | $297.6B | $217.2B | ||
| Q2 25 | $295.6B | $212.6B | ||
| Q1 25 | $282.2B | $214.6B | ||
| Q4 24 | $271.5B | $208.0B | ||
| Q3 24 | $271.0B | $210.7B | ||
| Q2 24 | $272.2B | $208.6B |
| Q1 26 | 1.78× | 1.54× | ||
| Q4 25 | 1.68× | 1.46× | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | 1.27× | ||
| 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 | — | $7.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.88× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.2B | ||
| Q4 25 | $3.1B | $6.7B | ||
| Q3 25 | $6.2B | $7.5B | ||
| Q2 25 | $4.4B | $7.0B | ||
| Q1 25 | $4.8B | $6.8B | ||
| Q4 24 | $5.8B | $5.5B | ||
| Q3 24 | $-1.8B | $6.1B | ||
| Q2 24 | $4.5B | $5.5B |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $4.2B | ||
| Q3 25 | $5.6B | $4.8B | ||
| Q2 25 | $3.7B | $4.6B | ||
| Q1 25 | $4.3B | $4.4B | ||
| Q4 24 | $5.3B | $3.3B | ||
| Q3 24 | $-2.3B | $4.2B | ||
| Q2 24 | $4.0B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 17.2% | ||
| Q3 25 | 53.6% | 21.9% | ||
| Q2 25 | 36.3% | 21.7% | ||
| Q1 25 | 45.0% | 21.0% | ||
| Q4 24 | 53.1% | 15.3% | ||
| Q3 24 | -23.3% | 20.7% | ||
| Q2 24 | 40.4% | 17.6% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 6.6% | 10.1% | ||
| Q3 25 | 6.3% | 12.0% | ||
| Q2 25 | 6.0% | 11.3% | ||
| Q1 25 | 4.5% | 11.7% | ||
| Q4 24 | 5.0% | 10.1% | ||
| Q3 24 | 4.7% | 9.7% | ||
| Q2 24 | 5.8% | 10.3% |
| Q1 26 | — | 2.88× | ||
| Q4 25 | 1.25× | 3.16× | ||
| Q3 25 | 2.15× | 2.75× | ||
| Q2 25 | 1.51× | 2.17× | ||
| Q1 25 | 1.84× | 2.32× | ||
| Q4 24 | 2.66× | 1.86× | ||
| Q3 24 | -0.72× | 2.01× | ||
| Q2 24 | 1.50× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXP
Segment breakdown not available.
TMUS
| Postpaid service revenues | $15.6B | 68% |
| Other | $7.5B | 32% |
