vs
Axos Financial, Inc.（AX）与BILL Holdings, Inc.（BILL）财务数据对比。点击上方公司名可切换其他公司
BILL Holdings, Inc.的季度营收约是Axos Financial, Inc.的1.1倍（$414.7M vs $392.2M），Axos Financial, Inc.净利率更高（31.8% vs -0.6%，领先32.4%），过去两年Axos Financial, Inc.的营收复合增速更高（16.1% vs 13.3%）
Axos Financial是总部位于美国内华达州拉斯维加斯的银行控股公司，旗下拥有直销银行Axos Bank，同时提供注册投资顾问服务及电子交易平台，深耕数字化金融赛道，可为用户提供多元便捷的金融服务解决方案。
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
AX vs BILL — 直观对比
营收规模更大
BILL
是对方的1.1倍
$392.2M
净利率更高
AX
高出32.4%
-0.6%
两年增速更快
AX
近两年复合增速
13.3%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $392.2M | $414.7M |
| 净利润 | $124.7M | $-2.6M |
| 毛利率 | — | 79.8% |
| 营业利润率 | — | -4.4% |
| 净利率 | 31.8% | -0.6% |
| 营收同比 | — | 14.4% |
| 净利润同比 | 18.5% | -107.7% |
| 每股收益（稀释后） | $2.15 | $-0.03 |
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AXBILL
| Q1 26 | $392.2M | — | ||
| Q4 25 | $385.1M | $414.7M | ||
| Q3 25 | $323.4M | $395.7M | ||
| Q2 25 | $321.4M | $383.3M | ||
| Q1 25 | $308.8M | $358.2M | ||
| Q4 24 | $307.9M | $362.6M | ||
| Q3 24 | $320.7M | $358.4M | ||
| Q2 24 | $290.9M | $343.7M |
净利润AXBILL
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $-2.6M | ||
| Q3 25 | $112.4M | $-3.0M | ||
| Q2 25 | $110.7M | $-7.1M | ||
| Q1 25 | $105.2M | $-11.6M | ||
| Q4 24 | $104.7M | $33.5M | ||
| Q3 24 | $112.3M | $8.9M | ||
| Q2 24 | $104.9M | $7.6M |
毛利率AXBILL
| Q1 26 | — | — | ||
| Q4 25 | — | 79.8% | ||
| Q3 25 | — | 80.5% | ||
| Q2 25 | — | 80.8% | ||
| Q1 25 | — | 81.2% | ||
| Q4 24 | — | 81.6% | ||
| Q3 24 | — | 82.0% | ||
| Q2 24 | — | 81.0% |
营业利润率AXBILL
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | -4.4% | ||
| Q3 25 | 46.3% | -5.2% | ||
| Q2 25 | 48.5% | -5.8% | ||
| Q1 25 | 47.9% | -8.1% | ||
| Q4 24 | 48.8% | -6.0% | ||
| Q3 24 | 49.6% | -2.1% | ||
| Q2 24 | 49.6% | -6.5% |
净利率AXBILL
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | -0.6% | ||
| Q3 25 | 34.7% | -0.7% | ||
| Q2 25 | 34.4% | -1.8% | ||
| Q1 25 | 34.1% | -3.2% | ||
| Q4 24 | 34.0% | 9.3% | ||
| Q3 24 | 35.0% | 2.5% | ||
| Q2 24 | 36.0% | 2.2% |
每股收益（稀释后）AXBILL
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $-0.03 | ||
| Q3 25 | $1.94 | $-0.03 | ||
| Q2 25 | $1.89 | $0.02 | ||
| Q1 25 | $1.81 | $-0.11 | ||
| Q4 24 | $1.80 | $-0.06 | ||
| Q3 24 | $1.93 | $0.08 | ||
| Q2 24 | $1.75 | $0.37 |
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 | — | $1.1B |
| 总债务越低越好 | — | $1.8B |
| 股东权益账面价值 | $3.1B | $3.8B |
| 总资产 | $29.2B | $10.1B |
| 负债/权益比越低杠杆越低 | — | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资AXBILL
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $2.0B | $1.0B | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.6B | $853.5M | ||
| Q2 24 | $2.0B | $985.9M |
总债务AXBILL
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | $312.7M | $1.7B | ||
| Q1 25 | $377.4M | $1.7B | ||
| Q4 24 | $358.7M | $1.7B | ||
| Q3 24 | $313.5M | $914.8M | ||
| Q2 24 | $325.7M | $914.0M |
股东权益AXBILL
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $3.8B | ||
| Q3 25 | $2.8B | $3.9B | ||
| Q2 25 | $2.7B | $3.9B | ||
| Q1 25 | $2.6B | $3.9B | ||
| Q4 24 | $2.5B | $3.8B | ||
| Q3 24 | $2.4B | $4.0B | ||
| Q2 24 | $2.3B | $4.1B |
总资产AXBILL
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $10.1B | ||
| Q3 25 | $27.4B | $10.2B | ||
| Q2 25 | $24.8B | $10.1B | ||
| Q1 25 | $24.0B | $9.6B | ||
| Q4 24 | $23.7B | $9.7B | ||
| Q3 24 | $23.6B | $9.0B | ||
| Q2 24 | $22.9B | $9.2B |
负债/权益比AXBILL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | 0.12× | 0.44× | ||
| Q1 25 | 0.14× | 0.43× | ||
| Q4 24 | 0.14× | 0.44× | ||
| Q3 24 | 0.13× | 0.23× | ||
| Q2 24 | 0.14× | 0.22× |
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 | — | $105.3M |
| 自由现金流经营现金流 - 资本支出 | — | $103.8M |
| 自由现金流率自由现金流/营收 | — | 25.0% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $378.8M |
8季度趋势，按日历期对齐
经营现金流AXBILL
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $105.3M | ||
| Q3 25 | $118.4M | $96.9M | ||
| Q2 25 | $490.3M | $83.8M | ||
| Q1 25 | $73.7M | $99.5M | ||
| Q4 24 | $162.5M | $78.7M | ||
| Q3 24 | $70.8M | $88.6M | ||
| Q2 24 | $305.5M | $78.6M |
自由现金流AXBILL
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $103.8M | ||
| Q3 25 | $109.3M | $95.6M | ||
| Q2 25 | $436.1M | $81.0M | ||
| Q1 25 | $65.1M | $98.4M | ||
| Q4 24 | $156.4M | $78.3M | ||
| Q3 24 | $53.0M | $88.6M | ||
| Q2 24 | $269.5M | $78.4M |
自由现金流率AXBILL
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 25.0% | ||
| Q3 25 | 33.8% | 24.1% | ||
| Q2 25 | 135.7% | 21.1% | ||
| Q1 25 | 21.1% | 27.5% | ||
| Q4 24 | 50.8% | 21.6% | ||
| Q3 24 | 16.5% | 24.7% | ||
| Q2 24 | 92.6% | 22.8% |
资本支出强度AXBILL
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 0.4% | ||
| Q3 25 | 2.8% | 0.3% | ||
| Q2 25 | 16.9% | 0.7% | ||
| Q1 25 | 2.8% | 0.3% | ||
| Q4 24 | 2.0% | 0.1% | ||
| Q3 24 | 5.5% | 0.0% | ||
| Q2 24 | 12.4% | 0.1% |
现金转化率AXBILL
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 1.55× | 2.35× | ||
| Q3 24 | 0.63× | 9.94× | ||
| Q2 24 | 2.91× | 10.35× |
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
AX
| Net Interest Income | $306.3M | 78% |
| Noninterest Income | $86.0M | 22% |
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
