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美国运通（AXP）与思科（CSCO）财务数据对比。点击上方公司名可切换其他公司
美国运通的季度营收约是思科的1.2倍（$18.9B vs $15.3B），思科净利率更高（20.7% vs 15.7%，领先5.0%），美国运通同比增速更快（11.4% vs 9.7%），过去两年美国运通的营收复合增速更高（38.8% vs 9.9%）
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。
思科是总部位于美国加利福尼亚州圣何塞的跨国数字通信科技集团，专注于研发、生产及销售网络硬件、软件、通信设备等各类高科技产品，同时提供配套高端技术服务，为全球各领域客户提供可靠的数字化通信相关解决方案。
AXP vs CSCO — 直观对比
营收规模更大
AXP
是对方的1.2倍
$15.3B
营收增速更快
AXP
高出1.7%
9.7%
净利率更高
CSCO
高出5.0%
15.7%
两年增速更快
AXP
近两年复合增速
9.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9B | $15.3B |
| 净利润 | $3.0B | $3.2B |
| 毛利率 | — | 65.0% |
| 营业利润率 | — | 24.6% |
| 净利率 | 15.7% | 20.7% |
| 营收同比 | 11.4% | 9.7% |
| 净利润同比 | 15.0% | 30.8% |
| 每股收益（稀释后） | $4.28 | $0.80 |
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AXPCSCO
| Q1 26 | $18.9B | $15.3B | ||
| Q4 25 | $10.9B | $14.9B | ||
| Q3 25 | $10.4B | $14.7B | ||
| Q2 25 | $10.3B | $14.1B | ||
| Q1 25 | $9.6B | $14.0B | ||
| Q4 24 | $10.0B | $13.8B | ||
| Q3 24 | $9.7B | $13.6B | ||
| Q2 24 | $9.8B | $12.7B |
净利润AXPCSCO
| Q1 26 | $3.0B | $3.2B | ||
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $2.9B | $2.5B | ||
| Q2 25 | $2.9B | $2.5B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.2B | $2.7B | ||
| Q3 24 | $2.5B | $2.2B | ||
| Q2 24 | $3.0B | $1.9B |
毛利率AXPCSCO
| Q1 26 | — | 65.0% | ||
| Q4 25 | — | 65.5% | ||
| Q3 25 | — | 63.2% | ||
| Q2 25 | — | 65.6% | ||
| Q1 25 | — | 65.1% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 64.4% | ||
| Q2 24 | — | 65.1% |
营业利润率AXPCSCO
| Q1 26 | — | 24.6% | ||
| Q4 25 | 28.2% | 22.6% | ||
| Q3 25 | 36.7% | 21.0% | ||
| Q2 25 | 34.4% | 22.6% | ||
| Q1 25 | 34.6% | 22.3% | ||
| Q4 24 | 27.7% | 17.0% | ||
| Q3 24 | 33.0% | 19.2% | ||
| Q2 24 | 38.6% | 17.2% |
净利率AXPCSCO
| Q1 26 | 15.7% | 20.7% | ||
| Q4 25 | 22.5% | 19.2% | ||
| Q3 25 | 27.9% | 17.4% | ||
| Q2 25 | 28.0% | 17.6% | ||
| Q1 25 | 26.8% | 17.4% | ||
| Q4 24 | 21.8% | 19.6% | ||
| Q3 24 | 25.8% | 15.8% | ||
| Q2 24 | 30.7% | 14.8% |
每股收益（稀释后）AXPCSCO
| Q1 26 | $4.28 | $0.80 | ||
| Q4 25 | $3.52 | $0.72 | ||
| Q3 25 | $4.14 | $0.64 | ||
| Q2 25 | $4.08 | $0.62 | ||
| Q1 25 | $3.64 | $0.61 | ||
| Q4 24 | $3.04 | $0.68 | ||
| Q3 24 | $3.49 | $0.54 | ||
| Q2 24 | $4.15 | $0.46 |
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 | — | $15.8B |
| 总债务越低越好 | $60.4M | $24.6B |
| 股东权益账面价值 | $34.0M | $47.7B |
| 总资产 | $308.9M | $123.4B |
| 负债/权益比越低杠杆越低 | 1.78× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资AXPCSCO
| Q1 26 | — | $15.8B | ||
| Q4 25 | $742.0M | $15.7B | ||
| Q3 25 | $1.3B | $16.1B | ||
| Q2 25 | $197.0M | $15.6B | ||
| Q1 25 | $261.0M | $16.9B | ||
| Q4 24 | $221.0M | $18.7B | ||
| Q3 24 | $120.0M | $17.9B | ||
| Q2 24 | $188.0M | $18.8B |
总债务AXPCSCO
| Q1 26 | $60.4M | $24.6B | ||
| Q4 25 | $56.4B | $24.6B | ||
| Q3 25 | $57.8B | $24.6B | ||
| Q2 25 | $58.2B | $25.1B | ||
| Q1 25 | $51.2B | $20.1B | ||
| Q4 24 | $49.7B | $20.1B | ||
| Q3 24 | $53.5B | $20.1B | ||
| Q2 24 | $51.5B | $20.1B |
股东权益AXPCSCO
| Q1 26 | $34.0M | $47.7B | ||
| Q4 25 | $33.5B | $46.9B | ||
| Q3 25 | $32.4B | $46.8B | ||
| Q2 25 | $32.3B | $45.9B | ||
| Q1 25 | $31.2B | $45.5B | ||
| Q4 24 | $30.3B | $45.3B | ||
| Q3 24 | $29.7B | $45.5B | ||
| Q2 24 | $29.5B | $45.8B |
总资产AXPCSCO
| Q1 26 | $308.9M | $123.4B | ||
| Q4 25 | $300.1B | $121.1B | ||
| Q3 25 | $297.6B | $122.3B | ||
| Q2 25 | $295.6B | $119.8B | ||
| Q1 25 | $282.2B | $121.4B | ||
| Q4 24 | $271.5B | $123.3B | ||
| Q3 24 | $271.0B | $124.4B | ||
| Q2 24 | $272.2B | $123.0B |
负债/权益比AXPCSCO
| Q1 26 | 1.78× | 0.52× | ||
| Q4 25 | 1.68× | 0.53× | ||
| Q3 25 | 1.78× | 0.53× | ||
| Q2 25 | 1.80× | 0.55× | ||
| Q1 25 | 1.64× | 0.44× | ||
| Q4 24 | 1.64× | 0.44× | ||
| Q3 24 | 1.80× | 0.44× | ||
| Q2 24 | 1.74× | 0.44× |
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 | — | $1.8B |
| 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 | — | 10.0% |
| 资本支出强度资本支出/营收 | — | 1.8% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 过去12个月自由现金流最近4个季度 | — | $12.2B |
8季度趋势，按日历期对齐
经营现金流AXPCSCO
| Q1 26 | — | $1.8B | ||
| Q4 25 | $3.1B | $3.2B | ||
| Q3 25 | $6.2B | $4.2B | ||
| Q2 25 | $4.4B | $4.1B | ||
| Q1 25 | $4.8B | $2.2B | ||
| Q4 24 | $5.8B | $3.7B | ||
| Q3 24 | $-1.8B | $3.7B | ||
| Q2 24 | $4.5B | $4.0B |
自由现金流AXPCSCO
| Q1 26 | — | $1.5B | ||
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $5.6B | $4.0B | ||
| Q2 25 | $3.7B | $3.8B | ||
| Q1 25 | $4.3B | $2.0B | ||
| Q4 24 | $5.3B | $3.4B | ||
| Q3 24 | $-2.3B | $3.5B | ||
| Q2 24 | $4.0B | $3.8B |
自由现金流率AXPCSCO
| Q1 26 | — | 10.0% | ||
| Q4 25 | 21.4% | 19.4% | ||
| Q3 25 | 53.6% | 27.4% | ||
| Q2 25 | 36.3% | 26.8% | ||
| Q1 25 | 45.0% | 14.5% | ||
| Q4 24 | 53.1% | 24.9% | ||
| Q3 24 | -23.3% | 25.9% | ||
| Q2 24 | 40.4% | 29.9% |
资本支出强度AXPCSCO
| Q1 26 | — | 1.8% | ||
| Q4 25 | 6.6% | 2.2% | ||
| Q3 25 | 6.3% | 1.5% | ||
| Q2 25 | 6.0% | 1.8% | ||
| Q1 25 | 4.5% | 1.5% | ||
| Q4 24 | 5.0% | 1.6% | ||
| Q3 24 | 4.7% | 1.5% | ||
| Q2 24 | 5.8% | 1.3% |
现金转化率AXPCSCO
| Q1 26 | — | 0.57× | ||
| Q4 25 | 1.25× | 1.12× | ||
| Q3 25 | 2.15× | 1.66× | ||
| Q2 25 | 1.51× | 1.63× | ||
| Q1 25 | 1.84× | 0.92× | ||
| Q4 24 | 2.66× | 1.35× | ||
| Q3 24 | -0.72× | 1.73× | ||
| Q2 24 | 1.50× | 2.11× |
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
CSCO
| Networking | $8.3B | 54% |
| Services | $3.7B | 24% |
| Security | $2.0B | 13% |
| Collaboration | $1.1B | 7% |
| Observability | $277.0M | 2% |
