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

American Express brought in $72.2B of revenue in fiscal 2025, Qfin $2.7B in fiscal 2025. Revenue changed by +9.5% at American Express and +16.8% at Qfin on the year before, so Qfin grew faster. American Express kept 15.0% of its revenue as net profit, Qfin 31.2%. Free cash flow was $16B at American Express and $1.6B at Qfin.

Side by side, latest fiscal year

AXPQFIN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$72.2B$2.7B
Revenue growth+9.5%+16.8%
Net income$10.8B$856.5M
Net margin15.0%31.2%
Free cash flow$16B$1.6B
Free cash flow margin22.2%56.5%
Earnings per share (diluted)$15.38$3.15
Cash$47.8B$671.6M
Debt$56.4Bn/a
Price to earnings19.9n/a
Market value$206.9B$858.4M
Dividend yield1.07%n/a
Rank by revenue in sector#10 of 536 · Finance#140 of 536 · 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: $72.2BQFIN FY2018: $646.8MQFIN FY2019: $1.3BQFIN FY2020: $2.1BQFIN FY2021: $2.6BQFIN FY2022: $2.4BQFIN FY2023: $2.3BQFIN FY2024: $2.4BQFIN FY2025: $2.7BFY18FY19FY20FY21FY22FY23FY24FY25
AXP $72.2BQFIN $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: $10.8BQFIN FY2018: $173.6MQFIN FY2019: $359.3MQFIN FY2020: $535.9MQFIN FY2021: $907.3MQFIN FY2022: $583.5MQFIN FY2023: $603.6MQFIN FY2024: $858.2MQFIN FY2025: $856.5MFY18FY19FY20FY21FY22FY23FY24FY25
AXP $10.8BQFIN $856.5M
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%QFIN FY2018: 26.8%QFIN FY2019: 27.1%QFIN FY2020: 25.8%QFIN FY2021: 34.8%QFIN FY2022: 24.3%QFIN FY2023: 26.3%QFIN FY2024: 36.5%QFIN FY2025: 31.2%FY18FY19FY20FY21FY22FY23FY24FY25
AXP 15.0%QFIN 31.2%
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%QFIN FY2019: +104.8%QFIN FY2020: +57.0%QFIN FY2021: +25.6%QFIN FY2022: -8.1%QFIN FY2023: -4.4%QFIN FY2024: +2.5%QFIN FY2025: +16.8%FY19FY20FY21FY22FY23FY24FY25
AXP +9.5%QFIN +16.8%
Free cash flow
AXP FY2018: $7.6BAXP FY2019: $12BAXP FY2020: $4.1BAXP FY2021: $13.1BAXP FY2022: $19.2BAXP FY2023: $17BAXP FY2024: $12.1BAXP FY2025: $16BQFIN FY2018: $40.2MQFIN FY2019: $423.4MQFIN FY2020: $813.9MQFIN FY2021: $904.6MQFIN FY2022: $854.8MQFIN FY2023: $990.7MQFIN FY2024: $1.3BQFIN FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
AXP $16BQFIN $1.6B

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

Questions about American Express and Qfin

Which is bigger by revenue, American Express or Qfin?

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

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

American Express had a net margin of 15.0% in fiscal 2025; Qfin had 31.2% in fiscal 2025.

Which grew revenue faster, American Express or Qfin?

In their latest fiscal years revenue changed by +9.5% at American Express and +16.8% at Qfin.

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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