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爱彼迎（ABNB）与Broadridge Financial Solutions（BR）财务数据对比。点击上方公司名可切换其他公司
爱彼迎的季度营收约是Broadridge Financial Solutions的1.6倍（$2.8B vs $1.7B），Broadridge Financial Solutions净利率更高（16.6% vs 12.3%，领先4.3%），爱彼迎同比增速更快（12.0% vs -5.4%），过去两年爱彼迎的营收复合增速更高（13.9% vs 10.4%）
爱彼迎是全球知名的旅行住宿及体验共享平台，成立于2007年，2010年正式启用现名。平台连接全球各地的房东与旅客，用户可通过网页或移动端预订私人客房、普通住宅、度假屋等多元住宿，也可报名参与当地特色体验项目，是共享经济领域的代表性企业。
Broadridge Financial Solutions是2007年从自动数据处理公司（ADP）分拆成立的上市企业服务及金融科技企业，总部位于纽约莱克萨克塞斯，为金融行业客户提供股东委托书、年报等金融单证服务，以及线上年会等股东沟通解决方案。
ABNB vs BR — 直观对比
营收规模更大
ABNB
是对方的1.6倍
$1.7B
营收增速更快
ABNB
高出17.4%
-5.4%
净利率更高
BR
高出4.3%
12.3%
两年增速更快
ABNB
近两年复合增速
10.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.7B |
| 净利润 | $341.0M | $284.6M |
| 毛利率 | 82.5% | 27.6% |
| 营业利润率 | 9.7% | 12.0% |
| 净利率 | 12.3% | 16.6% |
| 营收同比 | 12.0% | -5.4% |
| 净利润同比 | -26.0% | 17.1% |
| 每股收益（稀释后） | — | $2.42 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ABNBBR
| Q4 25 | $2.8B | $1.7B | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $2.5B | $1.6B | ||
| Q3 24 | $3.7B | $1.4B | ||
| Q2 24 | $2.7B | $1.9B | ||
| Q1 24 | $2.1B | $1.7B |
净利润ABNBBR
| Q4 25 | $341.0M | $284.6M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $642.0M | $374.2M | ||
| Q1 25 | $154.0M | $243.1M | ||
| Q4 24 | $461.0M | $142.4M | ||
| Q3 24 | $1.4B | $79.8M | ||
| Q2 24 | $555.0M | $323.2M | ||
| Q1 24 | $264.0M | $213.7M |
毛利率ABNBBR
| Q4 25 | 82.5% | 27.6% | ||
| Q3 25 | 86.6% | — | ||
| Q2 25 | 82.4% | 37.3% | ||
| Q1 25 | 77.7% | 31.8% | ||
| Q4 24 | 82.8% | 27.9% | ||
| Q3 24 | 87.5% | 24.5% | ||
| Q2 24 | 81.6% | 35.5% | ||
| Q1 24 | 77.6% | 31.2% |
营业利润率ABNBBR
| Q4 25 | 9.7% | 12.0% | ||
| Q3 25 | 39.7% | — | ||
| Q2 25 | 19.8% | 24.1% | ||
| Q1 25 | 1.7% | 19.0% | ||
| Q4 24 | 17.3% | 13.3% | ||
| Q3 24 | 40.9% | 9.4% | ||
| Q2 24 | 18.1% | 22.7% | ||
| Q1 24 | 4.7% | 17.5% |
净利率ABNBBR
| Q4 25 | 12.3% | 16.6% | ||
| Q3 25 | 33.6% | — | ||
| Q2 25 | 20.7% | 18.1% | ||
| Q1 25 | 6.8% | 13.4% | ||
| Q4 24 | 18.6% | 9.0% | ||
| Q3 24 | 36.7% | 5.6% | ||
| Q2 24 | 20.2% | 16.6% | ||
| Q1 24 | 12.3% | 12.4% |
每股收益（稀释后）ABNBBR
| Q4 25 | — | $2.42 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.17 | ||
| Q1 25 | — | $2.05 | ||
| Q4 24 | — | $1.20 | ||
| Q3 24 | — | $0.68 | ||
| Q2 24 | — | $2.72 | ||
| Q1 24 | — | $1.79 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $11.0B | $371.5M |
| 总债务越低越好 | — | $3.2B |
| 股东权益账面价值 | $8.2B | $2.9B |
| 总资产 | $22.2B | $8.6B |
| 负债/权益比越低杠杆越低 | — | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资ABNBBR
| Q4 25 | $11.0B | $371.5M | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $11.4B | $562.2M | ||
| Q1 25 | $11.5B | $317.9M | ||
| Q4 24 | $10.6B | $290.6M | ||
| Q3 24 | $11.3B | $293.5M | ||
| Q2 24 | $11.3B | $305.2M | ||
| Q1 24 | $11.1B | $236.4M |
总债务ABNBBR
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.5B |
股东权益ABNBBR
| Q4 25 | $8.2B | $2.9B | ||
| Q3 25 | $8.6B | — | ||
| Q2 25 | $7.8B | $2.7B | ||
| Q1 25 | $7.9B | $2.4B | ||
| Q4 24 | $8.4B | $2.2B | ||
| Q3 24 | $8.5B | $2.2B | ||
| Q2 24 | $8.0B | $2.2B | ||
| Q1 24 | $7.9B | $2.3B |
总资产ABNBBR
| Q4 25 | $22.2B | $8.6B | ||
| Q3 25 | $23.1B | — | ||
| Q2 25 | $27.0B | $8.5B | ||
| Q1 25 | $25.1B | $8.3B | ||
| Q4 24 | $21.0B | $8.2B | ||
| Q3 24 | $22.2B | $8.0B | ||
| Q2 24 | $26.3B | $8.2B | ||
| Q1 24 | $24.5B | $8.2B |
负债/权益比ABNBBR
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.22× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 1.55× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $526.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.54× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ABNBBR
| Q4 25 | $526.0M | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $975.0M | $699.7M | ||
| Q1 25 | $1.8B | $360.4M | ||
| Q4 24 | $466.0M | $236.7M | ||
| Q3 24 | $1.1B | $-125.5M | ||
| Q2 24 | $1.1B | $721.0M | ||
| Q1 24 | $1.9B | $207.4M |
自由现金流ABNBBR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $684.1M | ||
| Q1 25 | — | $348.9M | ||
| Q4 24 | — | $227.9M | ||
| Q3 24 | — | $-133.4M | ||
| Q2 24 | — | $703.2M | ||
| Q1 24 | — | $184.6M |
自由现金流率ABNBBR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | -9.4% | ||
| Q2 24 | — | 36.2% | ||
| Q1 24 | — | 10.7% |
资本支出强度ABNBBR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.3% |
现金转化率ABNBBR
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | 1.87× | ||
| Q1 25 | 11.62× | 1.48× | ||
| Q4 24 | 1.01× | 1.66× | ||
| Q3 24 | 0.79× | -1.57× | ||
| Q2 24 | 1.89× | 2.23× | ||
| Q1 24 | 7.28× | 0.97× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ABNB
| North America | $1.1B | 41% |
| EMEA | $930.0M | 33% |
| Latin America | $351.0M | 13% |
| Other | $351.0M | 13% |
BR
| Recurring Fee Revenue Investor Communication Solutions | $589.5M | 34% |
| Recurring Fee Revenue Capital Markets | $300.9M | 18% |
| Recurring Fee Revenue Regulatory | $248.7M | 15% |
| Recurring Fee Revenue Customer Communications | $189.2M | 11% |
| Recurring Fee Revenue Wealth And Investment Management | $179.7M | 10% |
| Recurring Fee Revenue Data Driven Fund Solutions | $112.7M | 7% |
| Event Driven Revenue Mutual Funds | $51.4M | 3% |
| Event Driven Revenue Equity And Other | $39.2M | 2% |
| Global Technology And Operations | $7.5M | 0% |
