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Side-by-side financial comparison of American Express (AXP) and Verizon (VZ). Click either name above to swap in a different company.
Verizon is the larger business by last-quarter revenue ($34.4B vs $18.9B, roughly 1.8× American Express). American Express runs the higher net margin — 15.7% vs 14.9%, a 0.8% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (11.4% vs 2.9%). Over the past eight quarters, American Express's revenue compounded faster (38.8% CAGR vs 2.5%).
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...
Verizon Communications Inc., is an American telecommunications company headquartered in New York City. It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the United States, with 146.1 million subscribers as of June 30, 2025.
AXP vs VZ — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $18.9B | $34.4B |
| Net Profit | $3.0B | $5.1B |
| Gross Margin | — | — |
| Operating Margin | — | 23.9% |
| Net Margin | 15.7% | 14.9% |
| Revenue YoY | 11.4% | 2.9% |
| Net Profit YoY | 15.0% | 3.4% |
| EPS (diluted) | $4.28 | — |
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 | $34.4B | ||
| Q4 25 | $10.9B | $36.4B | ||
| Q3 25 | $10.4B | $33.8B | ||
| Q2 25 | $10.3B | $34.5B | ||
| Q1 25 | $9.6B | $33.5B | ||
| Q4 24 | $10.0B | $35.7B | ||
| Q3 24 | $9.7B | $33.3B | ||
| Q2 24 | $9.8B | $32.8B |
| Q1 26 | $3.0B | $5.1B | ||
| Q4 25 | $2.5B | $2.3B | ||
| Q3 25 | $2.9B | $5.0B | ||
| Q2 25 | $2.9B | $5.0B | ||
| Q1 25 | $2.6B | $4.9B | ||
| Q4 24 | $2.2B | $5.0B | ||
| Q3 24 | $2.5B | $3.3B | ||
| Q2 24 | $3.0B | $4.6B |
| Q1 26 | — | 23.9% | ||
| Q4 25 | 28.2% | 13.8% | ||
| Q3 25 | 36.7% | 24.0% | ||
| Q2 25 | 34.4% | 23.7% | ||
| Q1 25 | 34.6% | 23.8% | ||
| Q4 24 | 27.7% | 20.8% | ||
| Q3 24 | 33.0% | 17.8% | ||
| Q2 24 | 38.6% | 23.8% |
| Q1 26 | 15.7% | 14.9% | ||
| Q4 25 | 22.5% | 6.4% | ||
| Q3 25 | 27.9% | 14.6% | ||
| Q2 25 | 28.0% | 14.5% | ||
| Q1 25 | 26.8% | 14.6% | ||
| Q4 24 | 21.8% | 14.0% | ||
| Q3 24 | 25.8% | 9.9% | ||
| Q2 24 | 30.7% | 14.0% |
| Q1 26 | $4.28 | — | ||
| Q4 25 | $3.52 | $0.56 | ||
| Q3 25 | $4.14 | $1.17 | ||
| Q2 25 | $4.08 | $1.18 | ||
| Q1 25 | $3.64 | $1.15 | ||
| Q4 24 | $3.04 | $1.18 | ||
| Q3 24 | $3.49 | $0.78 | ||
| Q2 24 | $4.15 | $1.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.4B |
| Total DebtLower is stronger | $60.4M | $144.2B |
| Stockholders' EquityBook value | $34.0M | $104.6B |
| Total Assets | $308.9M | $417.9B |
| Debt / EquityLower = less leverage | 1.78× | 1.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.4B | ||
| Q4 25 | $742.0M | $19.0B | ||
| Q3 25 | $1.3B | $7.7B | ||
| Q2 25 | $197.0M | $3.4B | ||
| Q1 25 | $261.0M | $2.3B | ||
| Q4 24 | $221.0M | $4.2B | ||
| Q3 24 | $120.0M | $5.0B | ||
| Q2 24 | $188.0M | $2.4B |
| Q1 26 | $60.4M | $144.2B | ||
| Q4 25 | $56.4B | $139.5B | ||
| Q3 25 | $57.8B | $126.6B | ||
| Q2 25 | $58.2B | $123.9B | ||
| Q1 25 | $51.2B | $121.0B | ||
| Q4 24 | $49.7B | $121.4B | ||
| Q3 24 | $53.5B | $128.9B | ||
| Q2 24 | $51.5B | $126.0B |
| Q1 26 | $34.0M | $104.6B | ||
| Q4 25 | $33.5B | $105.7B | ||
| Q3 25 | $32.4B | $106.3B | ||
| Q2 25 | $32.3B | $104.4B | ||
| Q1 25 | $31.2B | $102.0B | ||
| Q4 24 | $30.3B | $100.6B | ||
| Q3 24 | $29.7B | $97.7B | ||
| Q2 24 | $29.5B | $97.5B |
| Q1 26 | $308.9M | $417.9B | ||
| Q4 25 | $300.1B | $404.3B | ||
| Q3 25 | $297.6B | $388.3B | ||
| Q2 25 | $295.6B | $383.3B | ||
| Q1 25 | $282.2B | $380.4B | ||
| Q4 24 | $271.5B | $384.7B | ||
| Q3 24 | $271.0B | $381.2B | ||
| Q2 24 | $272.2B | $379.1B |
| Q1 26 | 1.78× | 1.38× | ||
| Q4 25 | 1.68× | 1.32× | ||
| Q3 25 | 1.78× | 1.19× | ||
| Q2 25 | 1.80× | 1.19× | ||
| Q1 25 | 1.64× | 1.19× | ||
| Q4 24 | 1.64× | 1.21× | ||
| Q3 24 | 1.80× | 1.32× | ||
| Q2 24 | 1.74× | 1.29× |
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 | — | $8.0B |
| Free Cash FlowOCF − Capex | — | $3.8B |
| FCF MarginFCF / Revenue | — | 11.0% |
| Capex IntensityCapex / Revenue | — | 12.2% |
| Cash ConversionOCF / Net Profit | — | 1.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.0B | ||
| Q4 25 | $3.1B | $9.1B | ||
| Q3 25 | $6.2B | $11.3B | ||
| Q2 25 | $4.4B | $9.0B | ||
| Q1 25 | $4.8B | $7.8B | ||
| Q4 24 | $5.8B | $10.4B | ||
| Q3 24 | $-1.8B | $9.9B | ||
| Q2 24 | $4.5B | $9.5B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $-2.3B | — | ||
| Q2 24 | $4.0B | — |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 21.4% | — | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 36.3% | — | ||
| Q1 25 | 45.0% | — | ||
| Q4 24 | 53.1% | — | ||
| Q3 24 | -23.3% | — | ||
| Q2 24 | 40.4% | — |
| Q1 26 | — | 12.2% | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 5.8% | — |
| Q1 26 | — | 1.55× | ||
| Q4 25 | 1.25× | 3.89× | ||
| Q3 25 | 2.15× | 2.28× | ||
| Q2 25 | 1.51× | 1.79× | ||
| Q1 25 | 1.84× | 1.59× | ||
| Q4 24 | 2.66× | 2.08× | ||
| Q3 24 | -0.72× | 3.00× | ||
| Q2 24 | 1.50× | 2.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXP
Segment breakdown not available.
VZ
| Service revenues and other | $28.8B | 84% |
| Wireless equipment revenues | $5.7B | 16% |
