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Side-by-side financial comparison of American Express (AXP) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
TRUPANION, INC. is the larger business by last-quarter revenue ($376.9M vs $18.9M, roughly 19.9× American Express). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs 11.4%). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% 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...
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
AXP vs TRUP — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $376.9M |
| Net Profit | $3.0M | — |
| Gross Margin | — | 17.3% |
| Operating Margin | — | 1.9% |
| Net Margin | 15.7% | — |
| Revenue YoY | 11.4% | 11.7% |
| Net Profit YoY | 15.0% | — |
| 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 | $376.9M | ||
| Q3 25 | $10.4B | $366.9M | ||
| Q2 25 | $10.3B | $353.6M | ||
| Q1 25 | $9.6B | $342.0M | ||
| Q4 24 | $10.0B | $337.3M | ||
| Q3 24 | $9.7B | $327.5M | ||
| Q2 24 | $9.8B | $314.8M |
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $3.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | 12.8% |
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 1.9% | ||
| Q3 25 | 36.7% | 1.6% | ||
| Q2 25 | 34.4% | 0.7% | ||
| Q1 25 | 34.6% | -0.4% | ||
| Q4 24 | 27.7% | 0.1% | ||
| Q3 24 | 33.0% | 0.5% | ||
| Q2 24 | 38.6% | -1.7% |
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | — | ||
| Q3 25 | 27.9% | — | ||
| Q2 25 | 28.0% | — | ||
| Q1 25 | 26.8% | — | ||
| Q4 24 | 21.8% | — | ||
| Q3 24 | 25.8% | — | ||
| Q2 24 | 30.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $0.13 | ||
| Q3 25 | $4.14 | $0.13 | ||
| Q2 25 | $4.08 | $0.22 | ||
| Q1 25 | $3.64 | $-0.03 | ||
| Q4 24 | $3.04 | $0.04 | ||
| Q3 24 | $3.49 | $0.03 | ||
| Q2 24 | $4.15 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $370.7M |
| Total DebtLower is stronger | $60.4M | $101.8M |
| Stockholders' EquityBook value | $34.0M | $383.9M |
| Total Assets | $308.9M | $915.0M |
| Debt / EquityLower = less leverage | 1.78× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $370.7M | ||
| Q3 25 | $1.3B | $348.5M | ||
| Q2 25 | $197.0M | $319.6M | ||
| Q1 25 | $261.0M | $321.8M | ||
| Q4 24 | $221.0M | $307.4M | ||
| Q3 24 | $120.0M | $293.1M | ||
| Q2 24 | $188.0M | $277.2M |
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | $101.8M | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | $127.5M | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — |
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $383.9M | ||
| Q3 25 | $32.4B | $368.6M | ||
| Q2 25 | $32.3B | $355.5M | ||
| Q1 25 | $31.2B | $333.7M | ||
| Q4 24 | $30.3B | $323.3M | ||
| Q3 24 | $29.7B | $320.2M | ||
| Q2 24 | $29.5B | $305.8M |
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $915.0M | ||
| Q3 25 | $297.6B | $880.2M | ||
| Q2 25 | $295.6B | $847.8M | ||
| Q1 25 | $282.2B | $837.2M | ||
| Q4 24 | $271.5B | $806.9M | ||
| Q3 24 | $271.0B | $816.1M | ||
| Q2 24 | $272.2B | $795.9M |
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | 0.27× | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | 0.39× | ||
| 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 | — | $29.3M |
| Free Cash FlowOCF − Capex | — | $25.3M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $29.3M | ||
| Q3 25 | $6.2B | $29.2M | ||
| Q2 25 | $4.4B | $15.0M | ||
| Q1 25 | $4.8B | $16.0M | ||
| Q4 24 | $5.8B | $23.7M | ||
| Q3 24 | $-1.8B | $15.3M | ||
| Q2 24 | $4.5B | $6.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $25.3M | ||
| Q3 25 | $5.6B | $23.9M | ||
| Q2 25 | $3.7B | $12.0M | ||
| Q1 25 | $4.3B | $14.0M | ||
| Q4 24 | $5.3B | $21.8M | ||
| Q3 24 | $-2.3B | $13.4M | ||
| Q2 24 | $4.0B | $4.0M |
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 6.7% | ||
| Q3 25 | 53.6% | 6.5% | ||
| Q2 25 | 36.3% | 3.4% | ||
| Q1 25 | 45.0% | 4.1% | ||
| Q4 24 | 53.1% | 6.5% | ||
| Q3 24 | -23.3% | 4.1% | ||
| Q2 24 | 40.4% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 1.0% | ||
| Q3 25 | 6.3% | 1.4% | ||
| Q2 25 | 6.0% | 0.8% | ||
| Q1 25 | 4.5% | 0.6% | ||
| Q4 24 | 5.0% | 0.6% | ||
| Q3 24 | 4.7% | 0.6% | ||
| Q2 24 | 5.8% | 0.9% |
| 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% |
TRUP
Segment breakdown not available.
