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美国运通（AXP）与仲量联行（JLL）财务数据对比。点击上方公司名可切换其他公司
仲量联行的季度营收约是美国运通的402.4倍（$7.6B vs $18.9M），美国运通净利率更高（15.7% vs 5.3%，领先10.4%），仲量联行同比增速更快（11.7% vs 11.4%），过去两年仲量联行的营收复合增速更高（16.3% vs -95.6%）
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。
仲量联行（JLL）是总部位于美国芝加哥的全球知名房地产服务企业，位列《财富》世界500强第188位，在80个国家设有办事处，面向机构投资者、散户投资者及高净值人群提供全球投资管理服务，同时通过JLL Technologies推出科技产品，旗下PropTech基金JLL Spark主营地产科技领域风险投资。
AXP vs JLL — 直观对比
营收规模更大
JLL
是对方的402.4倍
$18.9M
营收增速更快
JLL
高出0.3%
11.4%
净利率更高
AXP
高出10.4%
5.3%
两年增速更快
JLL
近两年复合增速
-95.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9M | $7.6B |
| 净利润 | $3.0M | $401.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.7% |
| 净利率 | 15.7% | 5.3% |
| 营收同比 | 11.4% | 11.7% |
| 净利润同比 | 15.0% | 66.5% |
| 每股收益（稀释后） | — | $8.34 |
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AXPJLL
| Q1 26 | $18.9M | $7.6B | ||
| Q4 25 | $10.9B | $7.6B | ||
| Q3 25 | $10.4B | $6.5B | ||
| Q2 25 | $10.3B | $6.3B | ||
| Q1 25 | $9.6B | $5.7B | ||
| Q4 24 | $10.0B | $6.8B | ||
| Q3 24 | $9.7B | $5.9B | ||
| Q2 24 | $9.8B | $5.6B |
净利润AXPJLL
| Q1 26 | $3.0M | $401.7M | ||
| Q4 25 | $2.5B | $401.8M | ||
| Q3 25 | $2.9B | $222.4M | ||
| Q2 25 | $2.9B | $110.5M | ||
| Q1 25 | $2.6B | $57.5M | ||
| Q4 24 | $2.2B | $241.2M | ||
| Q3 24 | $2.5B | $155.1M | ||
| Q2 24 | $3.0B | $84.4M |
营业利润率AXPJLL
| Q1 26 | — | 6.7% | ||
| Q4 25 | 28.2% | 6.7% | ||
| Q3 25 | 36.7% | 4.2% | ||
| Q2 25 | 34.4% | 3.2% | ||
| Q1 25 | 34.6% | 2.1% | ||
| Q4 24 | 27.7% | 5.5% | ||
| Q3 24 | 33.0% | 3.9% | ||
| Q2 24 | 38.6% | 2.7% |
净利率AXPJLL
| Q1 26 | 15.7% | 5.3% | ||
| Q4 25 | 22.5% | 5.3% | ||
| Q3 25 | 27.9% | 3.4% | ||
| Q2 25 | 28.0% | 1.8% | ||
| Q1 25 | 26.8% | 1.0% | ||
| Q4 24 | 21.8% | 3.5% | ||
| Q3 24 | 25.8% | 2.6% | ||
| Q2 24 | 30.7% | 1.5% |
每股收益（稀释后）AXPJLL
| Q1 26 | — | $8.34 | ||
| Q4 25 | $3.52 | $8.33 | ||
| Q3 25 | $4.14 | $4.61 | ||
| Q2 25 | $4.08 | $2.32 | ||
| Q1 25 | $3.64 | $1.14 | ||
| Q4 24 | $3.04 | $4.98 | ||
| Q3 24 | $3.49 | $3.20 | ||
| Q2 24 | $4.15 | $1.75 |
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 | — | $599.1M |
| 总债务越低越好 | $60.4M | — |
| 股东权益账面价值 | $34.0M | $7.6B |
| 总资产 | $308.9M | $17.8B |
| 负债/权益比越低杠杆越低 | 1.78× | — |
8季度趋势，按日历期对齐
现金及短期投资AXPJLL
| Q1 26 | — | $599.1M | ||
| Q4 25 | $742.0M | $599.1M | ||
| Q3 25 | $1.3B | $428.9M | ||
| Q2 25 | $197.0M | $401.4M | ||
| Q1 25 | $261.0M | $432.4M | ||
| Q4 24 | $221.0M | $416.3M | ||
| Q3 24 | $120.0M | $437.8M | ||
| Q2 24 | $188.0M | $424.4M |
总债务AXPJLL
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | — | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | — | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — |
股东权益AXPJLL
| Q1 26 | $34.0M | $7.6B | ||
| Q4 25 | $33.5B | $7.5B | ||
| Q3 25 | $32.4B | $7.2B | ||
| Q2 25 | $32.3B | $7.0B | ||
| Q1 25 | $31.2B | $6.8B | ||
| Q4 24 | $30.3B | $6.8B | ||
| Q3 24 | $29.7B | $6.6B | ||
| Q2 24 | $29.5B | $6.4B |
总资产AXPJLL
| Q1 26 | $308.9M | $17.8B | ||
| Q4 25 | $300.1B | $17.8B | ||
| Q3 25 | $297.6B | $17.2B | ||
| Q2 25 | $295.6B | $17.3B | ||
| Q1 25 | $282.2B | $16.6B | ||
| Q4 24 | $271.5B | $16.8B | ||
| Q3 24 | $271.0B | $17.8B | ||
| Q2 24 | $272.2B | $15.9B |
负债/权益比AXPJLL
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | — | ||
| 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 | — | $-162.9M |
| 自由现金流经营现金流 - 资本支出 | — | $934.6M |
| 自由现金流率自由现金流/营收 | — | 12.3% |
| 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 | — | -0.41× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AXPJLL
| Q1 26 | — | $-162.9M | ||
| Q4 25 | $3.1B | $1.0B | ||
| Q3 25 | $6.2B | $617.1M | ||
| Q2 25 | $4.4B | $332.8M | ||
| Q1 25 | $4.8B | $-767.6M | ||
| Q4 24 | $5.8B | $927.3M | ||
| Q3 24 | $-1.8B | $261.6M | ||
| Q2 24 | $4.5B | $273.9M |
自由现金流AXPJLL
| Q1 26 | — | $934.6M | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $-2.3B | — | ||
| Q2 24 | $4.0B | — |
自由现金流率AXPJLL
| Q1 26 | — | 12.3% | ||
| Q4 25 | 21.4% | — | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 36.3% | — | ||
| Q1 25 | 45.0% | — | ||
| Q4 24 | 53.1% | — | ||
| Q3 24 | -23.3% | — | ||
| Q2 24 | 40.4% | — |
资本支出强度AXPJLL
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 5.8% | — |
现金转化率AXPJLL
| Q1 26 | — | -0.41× | ||
| Q4 25 | 1.25× | 2.52× | ||
| Q3 25 | 2.15× | 2.77× | ||
| Q2 25 | 1.51× | 3.01× | ||
| Q1 25 | 1.84× | -13.35× | ||
| Q4 24 | 2.66× | 3.84× | ||
| Q3 24 | -0.72× | 1.69× | ||
| Q2 24 | 1.50× | 3.25× |
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
| Discount revenue | $9.5M | 50% |
| Other | $8.9M | 47% |
| Deposits with banks and other | $512.0K | 3% |
JLL
| Real Estate Management Services | $5.6B | 73% |
| Leasing Advisory | $1.0B | 13% |
| Capital Markets Services | $854.4M | 11% |
| Investment Management | $133.1M | 2% |
| Software and Technology Solutions | $60.7M | 1% |
