Invesaro

Stocks Comparison

American Express vs Bakkt: revenue, profit, margins and growth compared

American Express brought in $72.2B of revenue in fiscal 2025, Bakkt $2.3B in fiscal 2025. Revenue changed by +9.5% at American Express and -32.1% at Bakkt on the year before, so American Express grew faster. American Express kept 15.0% of its revenue as net profit, Bakkt -4.6%.

Side by side, latest fiscal year

AXPBKKT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$72.2B$2.3B
Revenue growth+9.5%-32.1%
Net income$10.8B-$107.2M
Net margin15.0%-4.6%
Free cash flow$16Bn/a
Free cash flow margin22.2%n/a
Earnings per share (diluted)$15.38-$8.87
Cash$47.8B$27M
Debt$56.4Bn/a
Price to earnings20.1n/a
Market value$208.6B$383.1M
Dividend yield1.06%n/a
Rank by revenue in sector#8 of 444 · Finance#134 of 444 · Finance

Over the years

Revenue
AXP FY2018: $40.3BAXP FY2019: $43.6BAXP FY2020: $36.1BAXP FY2021: $42.4BAXP FY2022: $52.9BAXP FY2023: $60.5BAXP FY2024: $65.9BAXP FY2025: $72.2BBKKT FY2020: $28.5MBKKT FY2022: $56.2MBKKT FY2023: $727MBKKT FY2024: $3.4BBKKT FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
AXP $72.2BBKKT $2.3B
Net income
AXP FY2018: $6.9BAXP FY2019: $6.8BAXP FY2020: $3.1BAXP FY2021: $8.1BAXP FY2022: $7.5BAXP FY2023: $8.4BAXP FY2024: $10.1BAXP FY2025: $10.8BBKKT FY2020: -$79.6MBKKT FY2022: -$578.1MBKKT FY2023: -$74.9MBKKT FY2024: -$46.7MBKKT FY2025: -$107.2MFY18FY19FY20FY21FY22FY23FY24FY25
AXP $10.8BBKKT -$107.2M
Net margin
AXP FY2018: 17.2%AXP FY2019: 15.5%AXP FY2020: 8.7%AXP FY2021: 19.0%AXP FY2022: 14.2%AXP FY2023: 13.8%AXP FY2024: 15.4%AXP FY2025: 15.0%BKKT FY2020: -279.4%BKKT FY2022: -1,028.2%BKKT FY2023: -10.3%BKKT FY2024: -1.4%BKKT FY2025: -4.6%FY18FY19FY20FY21FY22FY23FY24FY25
AXP 15.0%BKKT -4.6%
Revenue growth
AXP FY2019: +8.0%AXP FY2020: -17.1%AXP FY2021: +17.4%AXP FY2022: +24.7%AXP FY2023: +14.5%AXP FY2024: +9.0%AXP FY2025: +9.5%BKKT FY2023: +1,193.0%BKKT FY2024: +373.3%BKKT FY2025: -32.1%FY19FY20FY21FY22FY23FY24FY25
AXP +9.5%BKKT -32.1%
Free cash flow
AXP FY2018: $7.6BAXP FY2019: $12BAXP FY2020: $4.1BAXP FY2021: $13.1BAXP FY2022: $19.2BAXP FY2023: $17BAXP FY2024: $12.1BAXP FY2025: $16BBKKT FY2020: -$51.5MBKKT FY2022: -$148.1MBKKT FY2023: -$70.1MBKKT FY2024: -$24.3MFY18FY19FY20FY21FY22FY23FY24FY25
AXP $16BBKKT -$24.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about American Express and Bakkt

Which is bigger by revenue, American Express or Bakkt?

American Express is bigger by revenue: $72.2B in fiscal 2025, against $2.3B for Bakkt in fiscal 2025.

Which keeps more of its revenue as profit, American Express or Bakkt?

American Express had a net margin of 15.0% in fiscal 2025; Bakkt had -4.6% in fiscal 2025.

Which grew revenue faster, American Express or Bakkt?

In their latest fiscal years revenue changed by +9.5% at American Express and -32.1% at Bakkt.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies