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

American Express brought in $72.2B of revenue in fiscal 2025, StoneX $132.4B in fiscal 2025. Revenue changed by +9.5% at American Express and +32.5% at StoneX on the year before, so StoneX grew faster. American Express kept 15.0% of its revenue as net profit, StoneX 0.2%. Free cash flow was $16B at American Express and $4.3B at StoneX.

Side by side, latest fiscal year

AXPSNEX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$72.2B$132.4B
Revenue growth+9.5%+32.5%
Net income$10.8B$305.9M
Net margin15.0%0.2%
Free cash flow$16B$4.3B
Free cash flow margin22.2%3.3%
Earnings per share (diluted)$15.38$5.89
Cash$47.8B$1.6B
Debt$56.4Bn/a
Price to earnings20.111.3
Market value$208.6B$8.1B
Dividend yield1.06%n/a
Rank by revenue in sector#8 of 444 · Finance#4 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: $72.2BSNEX FY2018: $27.6BSNEX FY2019: $32.9BSNEX FY2020: $54.1BSNEX FY2021: $42.5BSNEX FY2022: $66BSNEX FY2023: $60.9BSNEX FY2024: $99.9BSNEX FY2025: $132.4BFY18FY19FY20FY21FY22FY23FY24FY25
AXP $72.2BSNEX $132.4B
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: $10.8BSNEX FY2018: $55.5MSNEX FY2019: $85.1MSNEX FY2020: $169.6MSNEX FY2021: $116.3MSNEX FY2022: $207.1MSNEX FY2023: $238.5MSNEX FY2024: $260.8MSNEX FY2025: $305.9MFY18FY19FY20FY21FY22FY23FY24FY25
AXP $10.8BSNEX $305.9M
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%SNEX FY2018: 0.2%SNEX FY2019: 0.3%SNEX FY2020: 0.3%SNEX FY2021: 0.3%SNEX FY2022: 0.3%SNEX FY2023: 0.4%SNEX FY2024: 0.3%SNEX FY2025: 0.2%FY18FY19FY20FY21FY22FY23FY24FY25
AXP 15.0%SNEX 0.2%
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%SNEX FY2019: +19.1%SNEX FY2020: +64.6%SNEX FY2021: -21.4%SNEX FY2022: +55.3%SNEX FY2023: -7.8%SNEX FY2024: +64.1%SNEX FY2025: +32.5%FY19FY20FY21FY22FY23FY24FY25
AXP +9.5%SNEX +32.5%
Free cash flow
AXP FY2018: $7.6BAXP FY2019: $12BAXP FY2020: $4.1BAXP FY2021: $13.1BAXP FY2022: $19.2BAXP FY2023: $17BAXP FY2024: $12.1BAXP FY2025: $16BSNEX FY2018: -$486.1MSNEX FY2019: $183.7MSNEX FY2020: $1.9BSNEX FY2021: $2.1BSNEX FY2022: -$279MSNEX FY2023: -$70.6MSNEX FY2024: $441.7MSNEX FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25
AXP $16BSNEX $4.3B

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

Questions about American Express and StoneX

Which is bigger by revenue, American Express or StoneX?

StoneX is bigger by revenue: $132.4B in fiscal 2025, against $72.2B for American Express in fiscal 2025.

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

American Express had a net margin of 15.0% in fiscal 2025; StoneX had 0.2% in fiscal 2025.

Which grew revenue faster, American Express or StoneX?

In their latest fiscal years revenue changed by +9.5% at American Express and +32.5% at StoneX.

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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