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ACI WORLDWIDE, INC.（ACIW）与Affirm Holdings, Inc.（AFRM）财务数据对比。点击上方公司名可切换其他公司
ACI WORLDWIDE, INC.的季度营收约是Affirm Holdings, Inc.的1.2倍（$481.6M vs $401.4M），Affirm Holdings, Inc.净利率更高（32.3% vs 13.4%，领先18.9%），Affirm Holdings, Inc.同比增速更快（32.5% vs 6.3%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $116.6M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 23.4%）
ACI Worldwide是全球领先的数字支付软件企业，总部位于美国内布拉斯加州埃尔克霍恩，为94个国家的客户提供服务，每日处理数十亿笔交易，总价值达数万亿美元。其智能解决方案服务于银行、金融机构、商户、账单服务商、收单机构、发卡机构及第三方支付服务商，支持全渠道搭建安全支付体系。
Affirm Holdings, Inc.是美国知名金融科技企业、领先的先买后付（BNPL）服务商，由PayPal联合创始人马克斯·列夫琴于2012年创立。截至2025年，平台拥有近2600万用户，年支付处理规模达370亿美元，是美国规模最大的本土BNPL金融机构。
ACIW vs AFRM — 直观对比
营收规模更大
ACIW
是对方的1.2倍
$401.4M
营收增速更快
AFRM
高出26.2%
6.3%
净利率更高
AFRM
高出18.9%
13.4%
自由现金流更多
AFRM
多$1.4M
$116.6M
两年增速更快
AFRM
近两年复合增速
23.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $401.4M |
| 净利润 | $64.3M | $129.6M |
| 毛利率 | 53.0% | — |
| 营业利润率 | 22.6% | 29.3% |
| 净利率 | 13.4% | 32.3% |
| 营收同比 | 6.3% | 32.5% |
| 净利润同比 | -34.7% | 61.3% |
| 每股收益（稀释后） | $0.61 | $0.37 |
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ACIWAFRM
| Q4 25 | $481.6M | $401.4M | ||
| Q3 25 | $482.4M | $320.5M | ||
| Q2 25 | $401.3M | $306.6M | ||
| Q1 25 | $394.6M | $272.5M | ||
| Q4 24 | $453.0M | $303.0M | ||
| Q3 24 | $451.8M | $231.8M | ||
| Q2 24 | $373.5M | $224.0M | ||
| Q1 24 | $316.0M | $195.0M |
净利润ACIWAFRM
| Q4 25 | $64.3M | $129.6M | ||
| Q3 25 | $91.3M | $80.7M | ||
| Q2 25 | $12.2M | $69.2M | ||
| Q1 25 | $58.9M | $2.8M | ||
| Q4 24 | $98.6M | $80.4M | ||
| Q3 24 | $81.4M | $-100.2M | ||
| Q2 24 | $30.9M | $-45.1M | ||
| Q1 24 | $-7.8M | $-133.9M |
毛利率ACIWAFRM
| Q4 25 | 53.0% | — | ||
| Q3 25 | 53.7% | — | ||
| Q2 25 | 41.5% | — | ||
| Q1 25 | 45.9% | — | ||
| Q4 24 | 55.8% | — | ||
| Q3 24 | 56.3% | — | ||
| Q2 24 | 45.6% | — | ||
| Q1 24 | 39.5% | — |
营业利润率ACIWAFRM
| Q4 25 | 22.6% | 29.3% | ||
| Q3 25 | 26.5% | 19.9% | ||
| Q2 25 | 8.7% | 18.9% | ||
| Q1 25 | 14.8% | -3.1% | ||
| Q4 24 | 27.0% | -1.4% | ||
| Q3 24 | 27.1% | -57.2% | ||
| Q2 24 | 14.4% | -32.8% | ||
| Q1 24 | 3.0% | -82.5% |
净利率ACIWAFRM
| Q4 25 | 13.4% | 32.3% | ||
| Q3 25 | 18.9% | 25.2% | ||
| Q2 25 | 3.0% | 22.6% | ||
| Q1 25 | 14.9% | 1.0% | ||
| Q4 24 | 21.8% | 26.5% | ||
| Q3 24 | 18.0% | -43.2% | ||
| Q2 24 | 8.3% | -20.2% | ||
| Q1 24 | -2.5% | -68.7% |
每股收益（稀释后）ACIWAFRM
| Q4 25 | $0.61 | $0.37 | ||
| Q3 25 | $0.88 | $0.23 | ||
| Q2 25 | $0.12 | $0.22 | ||
| Q1 25 | $0.55 | $0.01 | ||
| Q4 24 | $0.92 | $0.23 | ||
| Q3 24 | $0.77 | $-0.31 | ||
| Q2 24 | $0.29 | $-0.13 | ||
| Q1 24 | $-0.07 | $-0.43 |
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 | $196.5M | $1.5B |
| 总债务越低越好 | $817.6M | $9.0B |
| 股东权益账面价值 | $1.5B | $3.5B |
| 总资产 | $3.1B | $13.0B |
| 负债/权益比越低杠杆越低 | 0.54× | 2.54× |
8季度趋势，按日历期对齐
现金及短期投资ACIWAFRM
| Q4 25 | $196.5M | $1.5B | ||
| Q3 25 | $199.3M | $1.4B | ||
| Q2 25 | $189.7M | $1.4B | ||
| Q1 25 | $230.1M | $1.4B | ||
| Q4 24 | $216.4M | $1.2B | ||
| Q3 24 | $177.9M | $1.0B | ||
| Q2 24 | $157.0M | $1.0B | ||
| Q1 24 | $183.4M | $1.3B |
总债务ACIWAFRM
| Q4 25 | $817.6M | $9.0B | ||
| Q3 25 | $867.8M | $7.7B | ||
| Q2 25 | $898.0M | $7.6B | ||
| Q1 25 | $845.9M | $7.1B | ||
| Q4 24 | $924.6M | $7.3B | ||
| Q3 24 | $994.3M | — | ||
| Q2 24 | $1.0B | $1.8B | ||
| Q1 24 | $1.0B | — |
股东权益ACIWAFRM
| Q4 25 | $1.5B | $3.5B | ||
| Q3 25 | $1.5B | $3.3B | ||
| Q2 25 | $1.4B | $3.1B | ||
| Q1 25 | $1.5B | $2.9B | ||
| Q4 24 | $1.4B | $2.8B | ||
| Q3 24 | $1.3B | $2.8B | ||
| Q2 24 | $1.2B | $2.7B | ||
| Q1 24 | $1.3B | $2.6B |
总资产ACIWAFRM
| Q4 25 | $3.1B | $13.0B | ||
| Q3 25 | $3.2B | $11.5B | ||
| Q2 25 | $3.1B | $11.2B | ||
| Q1 25 | $3.2B | $10.4B | ||
| Q4 24 | $3.0B | $10.5B | ||
| Q3 24 | $3.1B | $10.1B | ||
| Q2 24 | $3.4B | $9.5B | ||
| Q1 24 | $3.3B | $9.2B |
负债/权益比ACIWAFRM
| Q4 25 | 0.54× | 2.54× | ||
| Q3 25 | 0.59× | 2.35× | ||
| Q2 25 | 0.64× | 2.48× | ||
| Q1 25 | 0.57× | 2.49× | ||
| Q4 24 | 0.65× | 2.62× | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | 0.82× | 0.67× | ||
| Q1 24 | 0.81× | — |
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 | $121.8M | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $116.6M | $118.0M |
| 自由现金流率自由现金流/营收 | 24.2% | 29.4% |
| 资本支出强度资本支出/营收 | 1.1% | 13.9% |
| 现金转化率经营现金流/净利润 | 1.89× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $309.9M | $619.1M |
8季度趋势，按日历期对齐
经营现金流ACIWAFRM
| Q4 25 | $121.8M | $173.7M | ||
| Q3 25 | $73.0M | $374.6M | ||
| Q2 25 | $49.8M | $74.6M | ||
| Q1 25 | $78.2M | $210.4M | ||
| Q4 24 | $126.5M | $312.0M | ||
| Q3 24 | $54.0M | $196.9M | ||
| Q2 24 | $55.0M | $68.8M | ||
| Q1 24 | $123.2M | $208.2M |
自由现金流ACIWAFRM
| Q4 25 | $116.6M | $118.0M | ||
| Q3 25 | $69.6M | $320.2M | ||
| Q2 25 | $47.6M | $23.5M | ||
| Q1 25 | $76.1M | $157.4M | ||
| Q4 24 | $119.5M | $268.1M | ||
| Q3 24 | $50.5M | $152.7M | ||
| Q2 24 | $53.3M | $30.5M | ||
| Q1 24 | $120.0M | $161.7M |
自由现金流率ACIWAFRM
| Q4 25 | 24.2% | 29.4% | ||
| Q3 25 | 14.4% | 99.9% | ||
| Q2 25 | 11.9% | 7.7% | ||
| Q1 25 | 19.3% | 57.7% | ||
| Q4 24 | 26.4% | 88.5% | ||
| Q3 24 | 11.2% | 65.9% | ||
| Q2 24 | 14.3% | 13.6% | ||
| Q1 24 | 38.0% | 82.9% |
资本支出强度ACIWAFRM
| Q4 25 | 1.1% | 13.9% | ||
| Q3 25 | 0.7% | 17.0% | ||
| Q2 25 | 0.5% | 16.7% | ||
| Q1 25 | 0.5% | 19.5% | ||
| Q4 24 | 1.5% | 14.5% | ||
| Q3 24 | 0.8% | 19.0% | ||
| Q2 24 | 0.5% | 17.1% | ||
| Q1 24 | 1.0% | 23.8% |
现金转化率ACIWAFRM
| Q4 25 | 1.89× | 1.34× | ||
| Q3 25 | 0.80× | 4.64× | ||
| Q2 25 | 4.08× | 1.08× | ||
| Q1 25 | 1.33× | 75.03× | ||
| Q4 24 | 1.28× | 3.88× | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 1.78× | — | ||
| Q1 24 | — | — |
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
ACIW
| Issuing And Acquiring | $183.7M | 38% |
| License | $158.3M | 33% |
| Maintenance | $50.8M | 11% |
| Software And Platform Service | $49.6M | 10% |
| Merchant Payments | $42.4M | 9% |
AFRM
| Merchant Network | $328.4M | 82% |
| Virtual Card Network | $73.0M | 18% |
| Commercial Agreement Amazon | $1.9M | 0% |
