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American Express vs Berkshire Hathaway: revenue, profit, margins and growth compared

American Express brought in $72.2B of revenue in fiscal 2025, Berkshire Hathaway $371.4B in fiscal 2025. Revenue changed by +9.5% at American Express and +0.0% at Berkshire Hathaway on the year before, so American Express grew faster. American Express kept 15.0% of its revenue as net profit, Berkshire Hathaway 18.0%. Free cash flow was $16B at American Express and $25B at Berkshire Hathaway.

Side by side, latest fiscal year

AXPBRK-A
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$72.2B$371.4B
Revenue growth+9.5%+0.0%
Net income$10.8B$67B
Net margin15.0%18.0%
Free cash flow$16B$25B
Free cash flow margin22.2%6.7%
Earnings per share (diluted)$15.38n/a
Cash$47.8B$52.6B
Debt$56.4Bn/a
Price to earnings20.1n/a
Market value$208.6B$714.1B
Dividend yield1.06%n/a
Rank by revenue in sector#8 of 444 · Finance#1 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: $72.2BBRK-A FY2018: $247.8BBRK-A FY2019: $254.6BBRK-A FY2020: $245.6BBRK-A FY2021: $276.2BBRK-A FY2022: $302BBRK-A FY2023: $364.5BBRK-A FY2024: $371.4BBRK-A FY2025: $371.4BFY18FY19FY20FY21FY22FY23FY24FY25
AXP $72.2BBRK-A $371.4B
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: $10.8BBRK-A FY2018: $4BBRK-A FY2019: $81.4BBRK-A FY2020: $42.5BBRK-A FY2021: $89.9BBRK-A FY2022: -$22.8BBRK-A FY2023: $96.2BBRK-A FY2024: $89BBRK-A FY2025: $67BFY18FY19FY20FY21FY22FY23FY24FY25
AXP $10.8BBRK-A $67B
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%BRK-A FY2018: 1.6%BRK-A FY2019: 32.0%BRK-A FY2020: 17.3%BRK-A FY2021: 32.6%BRK-A FY2022: -7.5%BRK-A FY2023: 26.4%BRK-A FY2024: 24.0%BRK-A FY2025: 18.0%FY18FY19FY20FY21FY22FY23FY24FY25
AXP 15.0%BRK-A 18.0%
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%BRK-A FY2019: +2.7%BRK-A FY2020: -3.5%BRK-A FY2021: +12.5%BRK-A FY2022: +9.4%BRK-A FY2023: +20.7%BRK-A FY2024: +1.9%BRK-A FY2025: +0.0%FY19FY20FY21FY22FY23FY24FY25
AXP +9.5%BRK-A +0.0%
Free cash flow
AXP FY2018: $7.6BAXP FY2019: $12BAXP FY2020: $4.1BAXP FY2021: $13.1BAXP FY2022: $19.2BAXP FY2023: $17BAXP FY2024: $12.1BAXP FY2025: $16BBRK-A FY2018: $22.9BBRK-A FY2019: $22.7BBRK-A FY2020: $26.8BBRK-A FY2021: $26.2BBRK-A FY2022: $21.9BBRK-A FY2023: $29.8BBRK-A FY2024: $11.6BBRK-A FY2025: $25BFY18FY19FY20FY21FY22FY23FY24FY25
AXP $16BBRK-A $25B

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

Questions about American Express and Berkshire Hathaway

Which is bigger by revenue, American Express or Berkshire Hathaway?

Berkshire Hathaway is bigger by revenue: $371.4B in fiscal 2025, against $72.2B for American Express in fiscal 2025.

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

American Express had a net margin of 15.0% in fiscal 2025; Berkshire Hathaway had 18.0% in fiscal 2025.

Which grew revenue faster, American Express or Berkshire Hathaway?

In their latest fiscal years revenue changed by +9.5% at American Express and +0.0% at Berkshire Hathaway.

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.

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