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美国运通（AXP）与联邦快递（FDX）财务数据对比。点击上方公司名可切换其他公司
联邦快递的季度营收约是美国运通的1.2倍（$23.5B vs $18.9B），美国运通净利率更高（15.7% vs 4.1%，领先11.6%），美国运通同比增速更快（11.4% vs 6.8%），过去两年美国运通的营收复合增速更高（38.8% vs 3.9%）
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。
联邦快递（FedEx）是总部位于美国田纳西州孟菲斯的跨国集团控股企业，主营业务覆盖运输、电子商务及商业服务领域。其品牌名FedEx源自原航空业务板块Federal Express的音节缩写，该原名自1973年启用，1994年集团正式统一使用FedEx作为品牌名称。
AXP vs FDX — 直观对比
营收规模更大
FDX
是对方的1.2倍
$18.9B
营收增速更快
AXP
高出4.6%
6.8%
净利率更高
AXP
高出11.6%
4.1%
两年增速更快
AXP
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9B | $23.5B |
| 净利润 | $3.0B | $956.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 5.9% |
| 净利率 | 15.7% | 4.1% |
| 营收同比 | 11.4% | 6.8% |
| 净利润同比 | 15.0% | 29.0% |
| 每股收益（稀释后） | $4.28 | $4.04 |
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AXPFDX
| Q1 26 | $18.9B | — | ||
| Q4 25 | $10.9B | $23.5B | ||
| Q3 25 | $10.4B | $22.2B | ||
| Q2 25 | $10.3B | $22.2B | ||
| Q1 25 | $9.6B | $22.2B | ||
| Q4 24 | $10.0B | $22.0B | ||
| Q3 24 | $9.7B | $21.6B | ||
| Q2 24 | $9.8B | $22.1B |
净利润AXPFDX
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.5B | $956.0M | ||
| Q3 25 | $2.9B | $824.0M | ||
| Q2 25 | $2.9B | $1.6B | ||
| Q1 25 | $2.6B | $909.0M | ||
| Q4 24 | $2.2B | $741.0M | ||
| Q3 24 | $2.5B | $794.0M | ||
| Q2 24 | $3.0B | $1.5B |
营业利润率AXPFDX
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 5.9% | ||
| Q3 25 | 36.7% | 5.3% | ||
| Q2 25 | 34.4% | 8.1% | ||
| Q1 25 | 34.6% | 5.8% | ||
| Q4 24 | 27.7% | 4.8% | ||
| Q3 24 | 33.0% | 5.0% | ||
| Q2 24 | 38.6% | 7.0% |
净利率AXPFDX
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | 4.1% | ||
| Q3 25 | 27.9% | 3.7% | ||
| Q2 25 | 28.0% | 7.4% | ||
| Q1 25 | 26.8% | 4.1% | ||
| Q4 24 | 21.8% | 3.4% | ||
| Q3 24 | 25.8% | 3.7% | ||
| Q2 24 | 30.7% | 6.7% |
每股收益（稀释后）AXPFDX
| Q1 26 | $4.28 | — | ||
| Q4 25 | $3.52 | $4.04 | ||
| Q3 25 | $4.14 | $3.46 | ||
| Q2 25 | $4.08 | $6.81 | ||
| Q1 25 | $3.64 | $3.76 | ||
| Q4 24 | $3.04 | $3.03 | ||
| Q3 24 | $3.49 | $3.21 | ||
| Q2 24 | $4.15 | $5.92 |
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 | — | $6.6B |
| 总债务越低越好 | $60.4M | $20.3B |
| 股东权益账面价值 | $34.0M | $28.1B |
| 总资产 | $308.9M | $89.2B |
| 负债/权益比越低杠杆越低 | 1.78× | 0.72× |
8季度趋势，按日历期对齐
现金及短期投资AXPFDX
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $6.6B | ||
| Q3 25 | $1.3B | $6.2B | ||
| Q2 25 | $197.0M | $5.5B | ||
| Q1 25 | $261.0M | $5.1B | ||
| Q4 24 | $221.0M | $5.0B | ||
| Q3 24 | $120.0M | $5.9B | ||
| Q2 24 | $188.0M | $6.5B |
总债务AXPFDX
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | $20.3B | ||
| Q3 25 | $57.8B | $20.3B | ||
| Q2 25 | $58.2B | $19.2B | ||
| Q1 25 | $51.2B | $19.5B | ||
| Q4 24 | $49.7B | $19.4B | ||
| Q3 24 | $53.5B | $19.7B | ||
| Q2 24 | $51.5B | $20.1B |
股东权益AXPFDX
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $28.1B | ||
| Q3 25 | $32.4B | $27.8B | ||
| Q2 25 | $32.3B | $28.1B | ||
| Q1 25 | $31.2B | $26.7B | ||
| Q4 24 | $30.3B | $26.5B | ||
| Q3 24 | $29.7B | $27.2B | ||
| Q2 24 | $29.5B | $27.6B |
总资产AXPFDX
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $89.2B | ||
| Q3 25 | $297.6B | $88.4B | ||
| Q2 25 | $295.6B | $87.6B | ||
| Q1 25 | $282.2B | $85.0B | ||
| Q4 24 | $271.5B | $85.5B | ||
| Q3 24 | $271.0B | $86.7B | ||
| Q2 24 | $272.2B | $87.0B |
负债/权益比AXPFDX
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | 0.72× | ||
| Q3 25 | 1.78× | 0.73× | ||
| Q2 25 | 1.80× | 0.68× | ||
| Q1 25 | 1.64× | 0.73× | ||
| Q4 24 | 1.64× | 0.73× | ||
| Q3 24 | 1.80× | 0.72× | ||
| Q2 24 | 1.74× | 0.73× |
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 | — | $2.0B |
| 自由现金流经营现金流 - 资本支出 | — | $1.2B |
| 自由现金流率自由现金流/营收 | — | 5.1% |
| 资本支出强度资本支出/营收 | — | 3.2% |
| 现金转化率经营现金流/净利润 | — | 2.04× |
| 过去12个月自由现金流最近4个季度 | — | $4.3B |
8季度趋势，按日历期对齐
经营现金流AXPFDX
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $2.0B | ||
| Q3 25 | $6.2B | $1.7B | ||
| Q2 25 | $4.4B | $2.5B | ||
| Q1 25 | $4.8B | $2.0B | ||
| Q4 24 | $5.8B | $1.3B | ||
| Q3 24 | $-1.8B | $1.2B | ||
| Q2 24 | $4.5B | $2.7B |
自由现金流AXPFDX
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $5.6B | $1.1B | ||
| Q2 25 | $3.7B | $1.0B | ||
| Q1 25 | $4.3B | $1.0B | ||
| Q4 24 | $5.3B | $500.0M | ||
| Q3 24 | $-2.3B | $420.0M | ||
| Q2 24 | $4.0B | $1.5B |
自由现金流率AXPFDX
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 5.1% | ||
| Q3 25 | 53.6% | 4.9% | ||
| Q2 25 | 36.3% | 4.7% | ||
| Q1 25 | 45.0% | 4.6% | ||
| Q4 24 | 53.1% | 2.3% | ||
| Q3 24 | -23.3% | 1.9% | ||
| Q2 24 | 40.4% | 6.8% |
资本支出强度AXPFDX
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 3.2% | ||
| Q3 25 | 6.3% | 2.8% | ||
| Q2 25 | 6.0% | 6.6% | ||
| Q1 25 | 4.5% | 4.5% | ||
| Q4 24 | 5.0% | 3.7% | ||
| Q3 24 | 4.7% | 3.6% | ||
| Q2 24 | 5.8% | 5.4% |
现金转化率AXPFDX
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 2.04× | ||
| Q3 25 | 2.15× | 2.08× | ||
| Q2 25 | 1.51× | 1.53× | ||
| Q1 25 | 1.84× | 2.21× | ||
| Q4 24 | 2.66× | 1.78× | ||
| Q3 24 | -0.72× | 1.49× | ||
| Q2 24 | 1.50× | 1.83× |
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
FDX
| United States Ground | $9.2B | 39% |
| United States Priority | $2.8B | 12% |
| Other | $2.2B | 9% |
| Fedex Freight Segment | $2.1B | 9% |
| International Economy | $1.5B | 6% |
| Freight Revenue | $1.5B | 6% |
| United States Deferred | $1.4B | 6% |
| International Domestic | $1.3B | 5% |
| International Economy Freight | $582.0M | 2% |
| United States Freight | $304.0M | 1% |
| Other International Revenue | $240.0M | 1% |
