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Side-by-side financial comparison of American Express (AXP) and Block, Inc. (XYZ). Click either name above to swap in a different company.
American Express is the larger business by last-quarter revenue ($10.9B vs $6.3B, roughly 1.8× Block, Inc.). American Express runs the higher net margin — 22.5% vs 1.9%, a 20.6% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (9.9% vs 3.6%). American Express produced more free cash flow last quarter ($2.3B vs $579.8M). Over the past eight quarters, American Express's revenue compounded faster (8.2% CAGR vs 2.4%).
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...
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
AXP vs XYZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.9B | $6.3B |
| Net Profit | $2.5B | $115.8M |
| Gross Margin | — | 45.9% |
| Operating Margin | 28.2% | 7.8% |
| Net Margin | 22.5% | 1.9% |
| Revenue YoY | 9.9% | 3.6% |
| Net Profit YoY | 13.5% | -94.1% |
| EPS (diluted) | $3.52 | $0.19 |
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.
| Q4 25 | $10.9B | $6.3B | ||
| Q3 25 | $10.4B | $6.1B | ||
| Q2 25 | $10.3B | $6.1B | ||
| Q1 25 | $9.6B | $5.8B | ||
| Q4 24 | $10.0B | $6.0B | ||
| Q3 24 | $9.7B | $6.0B | ||
| Q2 24 | $9.8B | $6.2B | ||
| Q1 24 | $9.3B | $6.0B |
| Q4 25 | $2.5B | $115.8M | ||
| Q3 25 | $2.9B | $461.5M | ||
| Q2 25 | $2.9B | $538.5M | ||
| Q1 25 | $2.6B | $189.9M | ||
| Q4 24 | $2.2B | $1.9B | ||
| Q3 24 | $2.5B | $283.8M | ||
| Q2 24 | $3.0B | $195.3M | ||
| Q1 24 | $2.4B | $472.0M |
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 36.3% | ||
| Q1 24 | — | 35.2% |
| Q4 25 | 28.2% | 7.8% | ||
| Q3 25 | 36.7% | 6.7% | ||
| Q2 25 | 34.4% | 8.0% | ||
| Q1 25 | 34.6% | 5.7% | ||
| Q4 24 | 27.7% | 0.2% | ||
| Q3 24 | 33.0% | 5.4% | ||
| Q2 24 | 38.6% | 5.0% | ||
| Q1 24 | 33.7% | 4.2% |
| Q4 25 | 22.5% | 1.9% | ||
| Q3 25 | 27.9% | 7.5% | ||
| Q2 25 | 28.0% | 8.9% | ||
| Q1 25 | 26.8% | 3.3% | ||
| Q4 24 | 21.8% | 32.3% | ||
| Q3 24 | 25.8% | 4.7% | ||
| Q2 24 | 30.7% | 3.2% | ||
| Q1 24 | 26.1% | 7.9% |
| Q4 25 | $3.52 | $0.19 | ||
| Q3 25 | $4.14 | $0.74 | ||
| Q2 25 | $4.08 | $0.87 | ||
| Q1 25 | $3.64 | $0.30 | ||
| Q4 24 | $3.04 | $3.06 | ||
| Q3 24 | $3.49 | $0.45 | ||
| Q2 24 | $4.15 | $0.31 | ||
| Q1 24 | $3.33 | $0.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $742.0M | $6.6B |
| Total DebtLower is stronger | $56.4B | — |
| Stockholders' EquityBook value | $33.5B | $22.2B |
| Total Assets | $300.1B | $39.5B |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $742.0M | $6.6B | ||
| Q3 25 | $1.3B | $8.3B | ||
| Q2 25 | $197.0M | $6.4B | ||
| Q1 25 | $261.0M | $7.1B | ||
| Q4 24 | $221.0M | $8.1B | ||
| Q3 24 | $120.0M | $8.3B | ||
| Q2 24 | $188.0M | $7.8B | ||
| Q1 24 | $69.0M | $5.8B |
| Q4 25 | $56.4B | — | ||
| Q3 25 | $57.8B | $7.3B | ||
| Q2 25 | $58.2B | $5.1B | ||
| Q1 25 | $51.2B | $5.1B | ||
| Q4 24 | $49.7B | $6.1B | ||
| Q3 24 | $53.5B | $6.1B | ||
| Q2 24 | $51.5B | $6.1B | ||
| Q1 24 | $48.8B | $4.1B |
| Q4 25 | $33.5B | $22.2B | ||
| Q3 25 | $32.4B | $22.5B | ||
| Q2 25 | $32.3B | $22.2B | ||
| Q1 25 | $31.2B | $21.5B | ||
| Q4 24 | $30.3B | $21.3B | ||
| Q3 24 | $29.7B | $19.9B | ||
| Q2 24 | $29.5B | $19.3B | ||
| Q1 24 | $28.8B | $19.0B |
| Q4 25 | $300.1B | $39.5B | ||
| Q3 25 | $297.6B | $39.2B | ||
| Q2 25 | $295.6B | $36.9B | ||
| Q1 25 | $282.2B | $36.4B | ||
| Q4 24 | $271.5B | $36.8B | ||
| Q3 24 | $271.0B | $36.4B | ||
| Q2 24 | $272.2B | $37.5B | ||
| Q1 24 | $269.3B | $35.6B |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.78× | 0.32× | ||
| Q2 25 | 1.80× | 0.23× | ||
| Q1 25 | 1.64× | 0.24× | ||
| Q4 24 | 1.64× | 0.29× | ||
| Q3 24 | 1.80× | 0.31× | ||
| Q2 24 | 1.74× | 0.32× | ||
| Q1 24 | 1.70× | 0.22× |
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 | $3.1B | $621.0M |
| Free Cash FlowOCF − Capex | $2.3B | $579.8M |
| FCF MarginFCF / Revenue | 21.4% | 9.3% |
| Capex IntensityCapex / Revenue | 6.6% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.25× | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | $16.0B | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1B | $621.0M | ||
| Q3 25 | $6.2B | $1.5B | ||
| Q2 25 | $4.4B | $374.3M | ||
| Q1 25 | $4.8B | $133.3M | ||
| Q4 24 | $5.8B | $13.8M | ||
| Q3 24 | $-1.8B | $684.8M | ||
| Q2 24 | $4.5B | $519.4M | ||
| Q1 24 | $5.6B | $489.4M |
| Q4 25 | $2.3B | $579.8M | ||
| Q3 25 | $5.6B | $1.4B | ||
| Q2 25 | $3.7B | $343.0M | ||
| Q1 25 | $4.3B | $101.5M | ||
| Q4 24 | $5.3B | $-13.2M | ||
| Q3 24 | $-2.3B | $628.2M | ||
| Q2 24 | $4.0B | $481.0M | ||
| Q1 24 | $5.2B | $457.4M |
| Q4 25 | 21.4% | 9.3% | ||
| Q3 25 | 53.6% | 22.9% | ||
| Q2 25 | 36.3% | 5.7% | ||
| Q1 25 | 45.0% | 1.8% | ||
| Q4 24 | 53.1% | -0.2% | ||
| Q3 24 | -23.3% | 10.5% | ||
| Q2 24 | 40.4% | 7.8% | ||
| Q1 24 | 55.2% | 7.7% |
| Q4 25 | 6.6% | 0.7% | ||
| Q3 25 | 6.3% | 0.8% | ||
| Q2 25 | 6.0% | 0.5% | ||
| Q1 25 | 4.5% | 0.6% | ||
| Q4 24 | 5.0% | 0.4% | ||
| Q3 24 | 4.7% | 0.9% | ||
| Q2 24 | 5.8% | 0.6% | ||
| Q1 24 | 4.2% | 0.5% |
| Q4 25 | 1.25× | 5.36× | ||
| Q3 25 | 2.15× | 3.14× | ||
| Q2 25 | 1.51× | 0.70× | ||
| Q1 25 | 1.84× | 0.70× | ||
| Q4 24 | 2.66× | 0.01× | ||
| Q3 24 | -0.72× | 2.41× | ||
| Q2 24 | 1.50× | 2.66× | ||
| Q1 24 | 2.28× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXP
| US Consumer Services Segment | $4.2B | 38% |
| Commercial Services Segment | $3.1B | 28% |
| International Card Services Segment | $2.1B | 19% |
| Global Merchant And Network Services Segment | $1.7B | 15% |
| Financial Service Other | $471.0M | 4% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
