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Affirm Holdings, Inc.（AFRM）与Remitly Global, Inc.（RELY）财务数据对比。点击上方公司名可切换其他公司
Remitly Global, Inc.的季度营收约是Affirm Holdings, Inc.的1.1倍（$442.2M vs $401.4M），Affirm Holdings, Inc.净利率更高（32.3% vs 9.3%，领先23.0%），Affirm Holdings, Inc.同比增速更快（32.5% vs 25.7%），Remitly Global, Inc.自由现金流更多（$143.3M vs $118.0M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 28.2%）
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。
Remitly Global是总部位于美国西雅图的跨境汇款服务提供商，2011年由马修·奥本海默、乔希·哈格与希瓦斯·古拉蒂共同创立，主要为用户提供覆盖全球170多个国家和地区的国际汇款服务，2021年9月在纳斯达克交易所上市。
AFRM vs RELY — 直观对比
营收规模更大
RELY
是对方的1.1倍
$401.4M
营收增速更快
AFRM
高出6.8%
25.7%
净利率更高
AFRM
高出23.0%
9.3%
自由现金流更多
RELY
多$25.2M
$118.0M
两年增速更快
AFRM
近两年复合增速
28.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $442.2M |
| 净利润 | $129.6M | $41.2M |
| 毛利率 | — | — |
| 营业利润率 | 29.3% | 8.8% |
| 净利率 | 32.3% | 9.3% |
| 营收同比 | 32.5% | 25.7% |
| 净利润同比 | 61.3% | 820.1% |
| 每股收益（稀释后） | $0.37 | $0.19 |
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AFRMRELY
| Q4 25 | $401.4M | $442.2M | ||
| Q3 25 | $320.5M | $419.5M | ||
| Q2 25 | $306.6M | $411.9M | ||
| Q1 25 | $272.5M | $361.6M | ||
| Q4 24 | $303.0M | $351.9M | ||
| Q3 24 | $231.8M | $336.5M | ||
| Q2 24 | $224.0M | $306.4M | ||
| Q1 24 | $195.0M | $269.1M |
净利润AFRMRELY
| Q4 25 | $129.6M | $41.2M | ||
| Q3 25 | $80.7M | $8.8M | ||
| Q2 25 | $69.2M | $6.5M | ||
| Q1 25 | $2.8M | $11.4M | ||
| Q4 24 | $80.4M | $-5.7M | ||
| Q3 24 | $-100.2M | $1.9M | ||
| Q2 24 | $-45.1M | $-12.1M | ||
| Q1 24 | $-133.9M | $-21.1M |
营业利润率AFRMRELY
| Q4 25 | 29.3% | 8.8% | ||
| Q3 25 | 19.9% | 2.8% | ||
| Q2 25 | 18.9% | 3.6% | ||
| Q1 25 | -3.1% | 3.4% | ||
| Q4 24 | -1.4% | -1.1% | ||
| Q3 24 | -57.2% | 0.1% | ||
| Q2 24 | -32.8% | -5.1% | ||
| Q1 24 | -82.5% | -7.4% |
净利率AFRMRELY
| Q4 25 | 32.3% | 9.3% | ||
| Q3 25 | 25.2% | 2.1% | ||
| Q2 25 | 22.6% | 1.6% | ||
| Q1 25 | 1.0% | 3.1% | ||
| Q4 24 | 26.5% | -1.6% | ||
| Q3 24 | -43.2% | 0.6% | ||
| Q2 24 | -20.2% | -3.9% | ||
| Q1 24 | -68.7% | -7.8% |
每股收益（稀释后）AFRMRELY
| Q4 25 | $0.37 | $0.19 | ||
| Q3 25 | $0.23 | $0.04 | ||
| Q2 25 | $0.22 | $0.03 | ||
| Q1 25 | $0.01 | $0.05 | ||
| Q4 24 | $0.23 | $-0.03 | ||
| Q3 24 | $-0.31 | $0.01 | ||
| Q2 24 | $-0.13 | $-0.06 | ||
| Q1 24 | $-0.43 | $-0.11 |
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 | $1.5B | $542.4M |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $3.5B | $868.8M |
| 总资产 | $13.0B | $1.5B |
| 负债/权益比越低杠杆越低 | 2.54× | — |
8季度趋势，按日历期对齐
现金及短期投资AFRMRELY
| Q4 25 | $1.5B | $542.4M | ||
| Q3 25 | $1.4B | $476.9M | ||
| Q2 25 | $1.4B | $515.9M | ||
| Q1 25 | $1.4B | $493.9M | ||
| Q4 24 | $1.2B | $368.1M | ||
| Q3 24 | $1.0B | $324.4M | ||
| Q2 24 | $1.0B | $185.2M | ||
| Q1 24 | $1.3B | $286.0M |
总债务AFRMRELY
| Q4 25 | $9.0B | — | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | — | — |
股东权益AFRMRELY
| Q4 25 | $3.5B | $868.8M | ||
| Q3 25 | $3.3B | $797.2M | ||
| Q2 25 | $3.1B | $764.9M | ||
| Q1 25 | $2.9B | $723.5M | ||
| Q4 24 | $2.8B | $665.5M | ||
| Q3 24 | $2.8B | $630.8M | ||
| Q2 24 | $2.7B | $578.9M | ||
| Q1 24 | $2.6B | $549.4M |
总资产AFRMRELY
| Q4 25 | $13.0B | $1.5B | ||
| Q3 25 | $11.5B | $1.2B | ||
| Q2 25 | $11.2B | $1.2B | ||
| Q1 25 | $10.4B | $1.1B | ||
| Q4 24 | $10.5B | $1.0B | ||
| Q3 24 | $10.1B | $970.4M | ||
| Q2 24 | $9.5B | $950.2M | ||
| Q1 24 | $9.2B | $1.1B |
负债/权益比AFRMRELY
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 2.49× | — | ||
| Q4 24 | 2.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | — | — |
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 | $173.7M | $149.6M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $143.3M |
| 自由现金流率自由现金流/营收 | 29.4% | 32.4% |
| 资本支出强度资本支出/营收 | 13.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.34× | 3.63× |
| 过去12个月自由现金流最近4个季度 | $619.1M | $288.7M |
8季度趋势，按日历期对齐
经营现金流AFRMRELY
| Q4 25 | $173.7M | $149.6M | ||
| Q3 25 | $374.6M | $1.4M | ||
| Q2 25 | $74.6M | $41.2M | ||
| Q1 25 | $210.4M | $132.9M | ||
| Q4 24 | $312.0M | $-27.3M | ||
| Q3 24 | $196.9M | $146.8M | ||
| Q2 24 | $68.8M | $48.9M | ||
| Q1 24 | $208.2M | $-56.8M |
自由现金流AFRMRELY
| Q4 25 | $118.0M | $143.3M | ||
| Q3 25 | $320.2M | $-2.1M | ||
| Q2 25 | $23.5M | $28.6M | ||
| Q1 25 | $157.4M | $118.9M | ||
| Q4 24 | $268.1M | $-30.1M | ||
| Q3 24 | $152.7M | $145.6M | ||
| Q2 24 | $30.5M | $47.8M | ||
| Q1 24 | $161.7M | $-57.8M |
自由现金流率AFRMRELY
| Q4 25 | 29.4% | 32.4% | ||
| Q3 25 | 99.9% | -0.5% | ||
| Q2 25 | 7.7% | 6.9% | ||
| Q1 25 | 57.7% | 32.9% | ||
| Q4 24 | 88.5% | -8.5% | ||
| Q3 24 | 65.9% | 43.3% | ||
| Q2 24 | 13.6% | 15.6% | ||
| Q1 24 | 82.9% | -21.5% |
资本支出强度AFRMRELY
| Q4 25 | 13.9% | 1.4% | ||
| Q3 25 | 17.0% | 0.8% | ||
| Q2 25 | 16.7% | 3.1% | ||
| Q1 25 | 19.5% | 3.9% | ||
| Q4 24 | 14.5% | 0.8% | ||
| Q3 24 | 19.0% | 0.3% | ||
| Q2 24 | 17.1% | 0.4% | ||
| Q1 24 | 23.8% | 0.4% |
现金转化率AFRMRELY
| Q4 25 | 1.34× | 3.63× | ||
| Q3 25 | 4.64× | 0.16× | ||
| Q2 25 | 1.08× | 6.30× | ||
| Q1 25 | 75.03× | 11.71× | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | — | 76.56× | ||
| Q2 24 | — | — | ||
| 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
AFRM
| Merchant Network | $328.4M | 82% |
| Virtual Card Network | $73.0M | 18% |
| Commercial Agreement Amazon | $1.9M | 0% |
RELY
暂无分部数据
