vs
美国运通（AXP）与波音（BA）财务数据对比。点击上方公司名可切换其他公司
波音的季度营收约是美国运通的1.2倍（$22.2B vs $18.9B），美国运通净利率更高（15.7% vs -0.0%，领先15.7%），波音同比增速更快（14.0% vs 11.4%），过去两年美国运通的营收复合增速更高（38.8% vs 14.8%）
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
波音公司是美国跨国航空航天企业，1916年成立，业务覆盖民用飞机、旋翼机、火箭、卫星、导弹的设计、制造与全球销售，同时提供租赁及产品配套支持服务。作为全球头部航空航天制造商，按2022年营收计为全球第四大国防承包商，也是美国按金额计算的最大出口企业。
AXP vs BA — 直观对比
营收规模更大
BA
是对方的1.2倍
$18.9B
营收增速更快
BA
高出2.6%
11.4%
净利率更高
AXP
高出15.7%
-0.0%
两年增速更快
AXP
近两年复合增速
14.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9B | $22.2B |
| 净利润 | $3.0B | $-7.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 2.0% |
| 净利率 | 15.7% | -0.0% |
| 营收同比 | 11.4% | 14.0% |
| 净利润同比 | 15.0% | 77.4% |
| 每股收益（稀释后） | $4.28 | $-0.11 |
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AXPBA
| Q1 26 | $18.9B | $22.2B | ||
| Q4 25 | $10.9B | $23.9B | ||
| Q3 25 | $10.4B | $23.3B | ||
| Q2 25 | $10.3B | $22.7B | ||
| Q1 25 | $9.6B | $19.5B | ||
| Q4 24 | $10.0B | $15.2B | ||
| Q3 24 | $9.7B | $17.8B | ||
| Q2 24 | $9.8B | $16.9B |
净利润AXPBA
| Q1 26 | $3.0B | $-7.0M | ||
| Q4 25 | $2.5B | $8.2B | ||
| Q3 25 | $2.9B | $-5.3B | ||
| Q2 25 | $2.9B | $-611.0M | ||
| Q1 25 | $2.6B | $-37.0M | ||
| Q4 24 | $2.2B | $-3.9B | ||
| Q3 24 | $2.5B | $-6.2B | ||
| Q2 24 | $3.0B | $-1.4B |
毛利率AXPBA
| Q1 26 | — | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -10.2% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | -10.4% | ||
| Q3 24 | — | -19.7% | ||
| Q2 24 | — | 7.3% |
营业利润率AXPBA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 28.2% | 36.7% | ||
| Q3 25 | 36.7% | -20.5% | ||
| Q2 25 | 34.4% | -0.8% | ||
| Q1 25 | 34.6% | 2.4% | ||
| Q4 24 | 27.7% | -24.7% | ||
| Q3 24 | 33.0% | -32.3% | ||
| Q2 24 | 38.6% | -6.5% |
净利率AXPBA
| Q1 26 | 15.7% | -0.0% | ||
| Q4 25 | 22.5% | 34.3% | ||
| Q3 25 | 27.9% | -22.9% | ||
| Q2 25 | 28.0% | -2.7% | ||
| Q1 25 | 26.8% | -0.2% | ||
| Q4 24 | 21.8% | -25.4% | ||
| Q3 24 | 25.8% | -34.6% | ||
| Q2 24 | 30.7% | -8.5% |
每股收益（稀释后）AXPBA
| Q1 26 | $4.28 | $-0.11 | ||
| Q4 25 | $3.52 | $10.70 | ||
| Q3 25 | $4.14 | $-7.14 | ||
| Q2 25 | $4.08 | $-0.92 | ||
| Q1 25 | $3.64 | $-0.16 | ||
| Q4 24 | $3.04 | $-5.50 | ||
| Q3 24 | $3.49 | $-9.97 | ||
| Q2 24 | $4.15 | $-2.33 |
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 | — | $9.4B |
| 总债务越低越好 | $60.4M | $44.4B |
| 股东权益账面价值 | $34.0M | $6.0B |
| 总资产 | $308.9M | $164.8B |
| 负债/权益比越低杠杆越低 | 1.78× | 7.41× |
8季度趋势，按日历期对齐
现金及短期投资AXPBA
| Q1 26 | — | $9.4B | ||
| Q4 25 | $742.0M | $29.4B | ||
| Q3 25 | $1.3B | $23.0B | ||
| Q2 25 | $197.0M | $23.0B | ||
| Q1 25 | $261.0M | $23.7B | ||
| Q4 24 | $221.0M | $26.3B | ||
| Q3 24 | $120.0M | $10.5B | ||
| Q2 24 | $188.0M | $12.6B |
总债务AXPBA
| Q1 26 | $60.4M | $44.4B | ||
| Q4 25 | $56.4B | $45.6B | ||
| Q3 25 | $57.8B | $44.6B | ||
| Q2 25 | $58.2B | $44.6B | ||
| Q1 25 | $51.2B | $45.7B | ||
| Q4 24 | $49.7B | $52.6B | ||
| Q3 24 | $53.5B | $53.2B | ||
| Q2 24 | $51.5B | $53.2B |
股东权益AXPBA
| Q1 26 | $34.0M | $6.0B | ||
| Q4 25 | $33.5B | $5.5B | ||
| Q3 25 | $32.4B | $-8.3B | ||
| Q2 25 | $32.3B | $-3.3B | ||
| Q1 25 | $31.2B | $-3.3B | ||
| Q4 24 | $30.3B | $-3.9B | ||
| Q3 24 | $29.7B | $-23.6B | ||
| Q2 24 | $29.5B | $-18.0B |
总资产AXPBA
| Q1 26 | $308.9M | $164.8B | ||
| Q4 25 | $300.1B | $168.2B | ||
| Q3 25 | $297.6B | $150.0B | ||
| Q2 25 | $295.6B | $155.1B | ||
| Q1 25 | $282.2B | $156.5B | ||
| Q4 24 | $271.5B | $156.4B | ||
| Q3 24 | $271.0B | $137.7B | ||
| Q2 24 | $272.2B | $142.7B |
负债/权益比AXPBA
| Q1 26 | 1.78× | 7.41× | ||
| Q4 25 | 1.68× | 8.37× | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.80× | — | ||
| Q2 24 | 1.74× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $-1.5B |
| 自由现金流率自由现金流/营收 | — | -6.5% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-1.0B |
8季度趋势，按日历期对齐
经营现金流AXPBA
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $1.3B | ||
| Q3 25 | $6.2B | $1.1B | ||
| Q2 25 | $4.4B | $227.0M | ||
| Q1 25 | $4.8B | $-1.6B | ||
| Q4 24 | $5.8B | $-3.5B | ||
| Q3 24 | $-1.8B | $-1.3B | ||
| Q2 24 | $4.5B | $-3.9B |
自由现金流AXPBA
| Q1 26 | — | $-1.5B | ||
| Q4 25 | $2.3B | $375.0M | ||
| Q3 25 | $5.6B | $238.0M | ||
| Q2 25 | $3.7B | $-200.0M | ||
| Q1 25 | $4.3B | $-2.3B | ||
| Q4 24 | $5.3B | $-4.1B | ||
| Q3 24 | $-2.3B | $-2.0B | ||
| Q2 24 | $4.0B | $-4.3B |
自由现金流率AXPBA
| Q1 26 | — | -6.5% | ||
| Q4 25 | 21.4% | 1.6% | ||
| Q3 25 | 53.6% | 1.0% | ||
| Q2 25 | 36.3% | -0.9% | ||
| Q1 25 | 45.0% | -11.7% | ||
| Q4 24 | 53.1% | -26.9% | ||
| Q3 24 | -23.3% | -11.0% | ||
| Q2 24 | 40.4% | -25.7% |
资本支出强度AXPBA
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 4.0% | ||
| Q3 25 | 6.3% | 3.8% | ||
| Q2 25 | 6.0% | 1.9% | ||
| Q1 25 | 4.5% | 3.5% | ||
| Q4 24 | 5.0% | 4.3% | ||
| Q3 24 | 4.7% | 3.4% | ||
| Q2 24 | 5.8% | 2.4% |
现金转化率AXPBA
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 0.16× | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 2.66× | — | ||
| Q3 24 | -0.72× | — | ||
| Q2 24 | 1.50× | — |
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
AXP
暂无分部数据
BA
| Commercial Airplanes | $9.2B | 41% |
| Defense, Space & Security | $7.6B | 34% |
| Global Services | $5.4B | 24% |
