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American Express vs Circle Internet: revenue, profit, margins and growth compared

American Express brought in $72.2B of revenue in fiscal 2025, Circle Internet $2.7B in fiscal 2025. Revenue changed by +9.5% at American Express and +63.9% at Circle Internet on the year before, so Circle Internet grew faster. American Express kept 15.0% of its revenue as net profit, Circle Internet -2.5%. Free cash flow was $16B at American Express and $529.7M at Circle Internet.

Side by side, latest fiscal year

AXPCRCL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$72.2B$2.7B
Revenue growth+9.5%+63.9%
Net income$10.8B-$69.5M
Net margin15.0%-2.5%
Free cash flow$16B$529.7M
Free cash flow margin22.2%19.3%
Earnings per share (diluted)$15.38-$0.44
Cash$47.8B$1.5B
Debt$56.4Bn/a
Price to earnings20.1n/a
Market value$208.6B$22.6B
Dividend yield1.06%n/a
Rank by revenue in sector#8 of 444 · Finance#129 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: $72.2BCRCL FY2023: $1.5BCRCL FY2025: $1.7BCRCL FY2025: $2.7BFY18FY19FY20FY21FY22FY23FY24FY25
AXP $72.2BCRCL $2.7B
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: $10.8BCRCL FY2023: $267.6MCRCL FY2025: $155.7MCRCL FY2025: -$69.5MFY18FY19FY20FY21FY22FY23FY24FY25
AXP $10.8BCRCL -$69.5M
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%CRCL FY2023: 18.4%CRCL FY2025: 9.3%CRCL FY2025: -2.5%FY18FY19FY20FY21FY22FY23FY24FY25
AXP 15.0%CRCL -2.5%
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%CRCL FY2025: +15.6%CRCL FY2025: +63.9%FY19FY20FY21FY22FY23FY24FY25
AXP +9.5%CRCL +63.9%
Free cash flow
AXP FY2018: $7.6BAXP FY2019: $12BAXP FY2020: $4.1BAXP FY2021: $13.1BAXP FY2022: $19.2BAXP FY2023: $17BAXP FY2024: $12.1BAXP FY2025: $16BCRCL FY2023: $138.9MCRCL FY2025: $326.4MCRCL FY2025: $529.7MFY18FY19FY20FY21FY22FY23FY24FY25
AXP $16BCRCL $529.7M

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

Questions about American Express and Circle Internet

Which is bigger by revenue, American Express or Circle Internet?

American Express is bigger by revenue: $72.2B in fiscal 2025, against $2.7B for Circle Internet in fiscal 2025.

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

American Express had a net margin of 15.0% in fiscal 2025; Circle Internet had -2.5% in fiscal 2025.

Which grew revenue faster, American Express or Circle Internet?

In their latest fiscal years revenue changed by +9.5% at American Express and +63.9% at Circle Internet.

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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