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Affirm Holdings, Inc.（AFRM）与VERRA MOBILITY Corp（VRRM）财务数据对比。点击上方公司名可切换其他公司
Affirm Holdings, Inc.的季度营收约是VERRA MOBILITY Corp的1.8倍（$401.4M vs $223.6M），Affirm Holdings, Inc.净利率更高（32.3% vs 12.0%，领先20.3%），Affirm Holdings, Inc.同比增速更快（32.5% vs 0.1%），Affirm Holdings, Inc.自由现金流更多（$118.0M vs $9.6M），过去两年Affirm Holdings, Inc.的营收复合增速更高（43.5% vs 0.3%）
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。
Verra Mobility Corp是全球领先的智慧出行技术解决方案提供商，业务涵盖收费管理、停车与交通合规执法、车联网服务及车队管理工具，服务对象包括政府交通部门、租车运营商、商业车队所有者及汽车行业合作伙伴，覆盖北美、欧洲及亚太市场。
AFRM vs VRRM — 直观对比
营收规模更大
AFRM
是对方的1.8倍
$223.6M
营收增速更快
AFRM
高出32.3%
0.1%
净利率更高
AFRM
高出20.3%
12.0%
自由现金流更多
AFRM
多$108.4M
$9.6M
两年增速更快
AFRM
近两年复合增速
0.3%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $401.4M | $223.6M |
| 净利润 | $129.6M | $26.7M |
| 毛利率 | — | — |
| 营业利润率 | 29.3% | 23.2% |
| 净利率 | 32.3% | 12.0% |
| 营收同比 | 32.5% | 0.1% |
| 净利润同比 | 61.3% | -17.3% |
| 每股收益（稀释后） | $0.37 | $0.17 |
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AFRMVRRM
| Q1 26 | — | $223.6M | ||
| Q4 25 | $401.4M | $257.9M | ||
| Q3 25 | $320.5M | $261.9M | ||
| Q2 25 | $306.6M | $236.0M | ||
| Q1 25 | $272.5M | $223.3M | ||
| Q4 24 | $303.0M | $221.5M | ||
| Q3 24 | $231.8M | $225.6M | ||
| Q2 24 | $224.0M | $222.4M |
净利润AFRMVRRM
| Q1 26 | — | $26.7M | ||
| Q4 25 | $129.6M | $18.9M | ||
| Q3 25 | $80.7M | $46.8M | ||
| Q2 25 | $69.2M | $38.6M | ||
| Q1 25 | $2.8M | $32.3M | ||
| Q4 24 | $80.4M | $-66.7M | ||
| Q3 24 | $-100.2M | $34.7M | ||
| Q2 24 | $-45.1M | $34.2M |
营业利润率AFRMVRRM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 29.3% | 16.7% | ||
| Q3 25 | 19.9% | 28.6% | ||
| Q2 25 | 18.9% | 26.8% | ||
| Q1 25 | -3.1% | 25.7% | ||
| Q4 24 | -1.4% | -19.6% | ||
| Q3 24 | -57.2% | 28.3% | ||
| Q2 24 | -32.8% | 27.5% |
净利率AFRMVRRM
| Q1 26 | — | 12.0% | ||
| Q4 25 | 32.3% | 7.3% | ||
| Q3 25 | 25.2% | 17.9% | ||
| Q2 25 | 22.6% | 16.3% | ||
| Q1 25 | 1.0% | 14.5% | ||
| Q4 24 | 26.5% | -30.1% | ||
| Q3 24 | -43.2% | 15.4% | ||
| Q2 24 | -20.2% | 15.4% |
每股收益（稀释后）AFRMVRRM
| Q1 26 | — | $0.17 | ||
| Q4 25 | $0.37 | $0.12 | ||
| Q3 25 | $0.23 | $0.29 | ||
| Q2 25 | $0.22 | $0.24 | ||
| Q1 25 | $0.01 | $0.20 | ||
| Q4 24 | $0.23 | $-0.39 | ||
| Q3 24 | $-0.31 | $0.21 | ||
| Q2 24 | $-0.13 | $0.20 |
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 | $46.9M |
| 总债务越低越好 | $9.0B | $34.1M |
| 股东权益账面价值 | $3.5B | $272.0M |
| 总资产 | $13.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 2.54× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资AFRMVRRM
| Q1 26 | — | $46.9M | ||
| Q4 25 | $1.5B | $65.3M | ||
| Q3 25 | $1.4B | $196.1M | ||
| Q2 25 | $1.4B | $147.7M | ||
| Q1 25 | $1.4B | $108.5M | ||
| Q4 24 | $1.2B | $77.6M | ||
| Q3 24 | $1.0B | $206.1M | ||
| Q2 24 | $1.0B | $122.0M |
总债务AFRMVRRM
| Q1 26 | — | $34.1M | ||
| Q4 25 | $9.0B | $1.0B | ||
| Q3 25 | $7.7B | $1.0B | ||
| Q2 25 | $7.6B | $1.0B | ||
| Q1 25 | $7.1B | $1.0B | ||
| Q4 24 | $7.3B | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $1.8B | $1.0B |
股东权益AFRMVRRM
| Q1 26 | — | $272.0M | ||
| Q4 25 | $3.5B | $293.0M | ||
| Q3 25 | $3.3B | $403.1M | ||
| Q2 25 | $3.1B | $352.1M | ||
| Q1 25 | $2.9B | $299.6M | ||
| Q4 24 | $2.8B | $265.1M | ||
| Q3 24 | $2.8B | $486.5M | ||
| Q2 24 | $2.7B | $438.6M |
总资产AFRMVRRM
| Q1 26 | — | $1.7B | ||
| Q4 25 | $13.0B | $1.6B | ||
| Q3 25 | $11.5B | $1.8B | ||
| Q2 25 | $11.2B | $1.7B | ||
| Q1 25 | $10.4B | $1.6B | ||
| Q4 24 | $10.5B | $1.6B | ||
| Q3 24 | $10.1B | $1.9B | ||
| Q2 24 | $9.5B | $1.8B |
负债/权益比AFRMVRRM
| Q1 26 | — | 0.13× | ||
| Q4 25 | 2.54× | 3.51× | ||
| Q3 25 | 2.35× | 2.55× | ||
| Q2 25 | 2.48× | 2.93× | ||
| Q1 25 | 2.49× | 3.45× | ||
| Q4 24 | 2.62× | 3.90× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | 0.67× | 2.36× |
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 | $40.8M |
| 自由现金流经营现金流 - 资本支出 | $118.0M | $9.6M |
| 自由现金流率自由现金流/营收 | 29.4% | 4.3% |
| 资本支出强度资本支出/营收 | 13.9% | — |
| 现金转化率经营现金流/净利润 | 1.34× | 1.53× |
| 过去12个月自由现金流最近4个季度 | $619.1M | $104.6M |
8季度趋势，按日历期对齐
经营现金流AFRMVRRM
| Q1 26 | — | $40.8M | ||
| Q4 25 | $173.7M | $40.0M | ||
| Q3 25 | $374.6M | $77.7M | ||
| Q2 25 | $74.6M | $75.1M | ||
| Q1 25 | $210.4M | $63.0M | ||
| Q4 24 | $312.0M | $40.5M | ||
| Q3 24 | $196.9M | $108.8M | ||
| Q2 24 | $68.8M | $40.0M |
自由现金流AFRMVRRM
| Q1 26 | — | $9.6M | ||
| Q4 25 | $118.0M | $5.7M | ||
| Q3 25 | $320.2M | $49.0M | ||
| Q2 25 | $23.5M | $40.3M | ||
| Q1 25 | $157.4M | $41.7M | ||
| Q4 24 | $268.1M | $21.6M | ||
| Q3 24 | $152.7M | $85.1M | ||
| Q2 24 | $30.5M | $26.0M |
自由现金流率AFRMVRRM
| Q1 26 | — | 4.3% | ||
| Q4 25 | 29.4% | 2.2% | ||
| Q3 25 | 99.9% | 18.7% | ||
| Q2 25 | 7.7% | 17.1% | ||
| Q1 25 | 57.7% | 18.7% | ||
| Q4 24 | 88.5% | 9.8% | ||
| Q3 24 | 65.9% | 37.7% | ||
| Q2 24 | 13.6% | 11.7% |
资本支出强度AFRMVRRM
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 13.3% | ||
| Q3 25 | 17.0% | 11.0% | ||
| Q2 25 | 16.7% | 14.8% | ||
| Q1 25 | 19.5% | 9.5% | ||
| Q4 24 | 14.5% | 8.5% | ||
| Q3 24 | 19.0% | 10.5% | ||
| Q2 24 | 17.1% | 6.3% |
现金转化率AFRMVRRM
| Q1 26 | — | 1.53× | ||
| Q4 25 | 1.34× | 2.12× | ||
| Q3 25 | 4.64× | 1.66× | ||
| Q2 25 | 1.08× | 1.95× | ||
| Q1 25 | 75.03× | 1.95× | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | — | 3.13× | ||
| Q2 24 | — | 1.17× |
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% |
VRRM
| Government Solutions segment generated total | $105.3M | 47% |
| Commercial Services segment generated total | $97.8M | 44% |
| Parking Solutions segment generated total | $20.4M | 9% |
