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美国运通（AXP）与甲骨文（ORCL）财务数据对比。点击上方公司名可切换其他公司
甲骨文的季度营收约是美国运通的849.3倍（$16.1B vs $18.9M），甲骨文净利率更高（38.2% vs 15.7%，领先22.5%），甲骨文同比增速更快（14.2% vs 11.4%），过去两年甲骨文的营收复合增速更高（10.0% 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。
甲骨文公司是全球知名的企业软件公司，主打数据库软件、企业级应用软件、云基础设施与云服务等业务，为全球各行业的企业提供数字化转型、数据管理与业务运营的技术解决方案，在全球企业级科技领域占据重要地位。
AXP vs ORCL — 直观对比
营收规模更大
ORCL
是对方的849.3倍
$18.9M
营收增速更快
ORCL
高出2.8%
11.4%
净利率更高
ORCL
高出22.5%
15.7%
两年增速更快
ORCL
近两年复合增速
-95.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9M | $16.1B |
| 净利润 | $3.0M | $6.1B |
| 毛利率 | — | — |
| 营业利润率 | — | 29.5% |
| 净利率 | 15.7% | 38.2% |
| 营收同比 | 11.4% | 14.2% |
| 净利润同比 | 15.0% | 94.7% |
| 每股收益（稀释后） | — | $2.10 |
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AXPORCL
| Q1 26 | $18.9M | — | ||
| Q4 25 | $10.9B | $16.1B | ||
| Q3 25 | $10.4B | $14.9B | ||
| Q2 25 | $10.3B | $15.9B | ||
| Q1 25 | $9.6B | $14.1B | ||
| Q4 24 | $10.0B | $14.1B | ||
| Q3 24 | $9.7B | $13.3B | ||
| Q2 24 | $9.8B | $14.3B |
净利润AXPORCL
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $6.1B | ||
| Q3 25 | $2.9B | $2.9B | ||
| Q2 25 | $2.9B | $3.4B | ||
| Q1 25 | $2.6B | $2.9B | ||
| Q4 24 | $2.2B | $3.2B | ||
| Q3 24 | $2.5B | $2.9B | ||
| Q2 24 | $3.0B | $3.1B |
营业利润率AXPORCL
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 29.5% | ||
| Q3 25 | 36.7% | 28.7% | ||
| Q2 25 | 34.4% | 32.1% | ||
| Q1 25 | 34.6% | 30.8% | ||
| Q4 24 | 27.7% | 30.0% | ||
| Q3 24 | 33.0% | 30.0% | ||
| Q2 24 | 38.6% | 32.8% |
净利率AXPORCL
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | 38.2% | ||
| Q3 25 | 27.9% | 19.6% | ||
| Q2 25 | 28.0% | 21.5% | ||
| Q1 25 | 26.8% | 20.8% | ||
| Q4 24 | 21.8% | 22.4% | ||
| Q3 24 | 25.8% | 22.0% | ||
| Q2 24 | 30.7% | 22.0% |
每股收益（稀释后）AXPORCL
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $2.10 | ||
| Q3 25 | $4.14 | $1.01 | ||
| Q2 25 | $4.08 | $1.19 | ||
| Q1 25 | $3.64 | $1.02 | ||
| Q4 24 | $3.04 | $1.10 | ||
| Q3 24 | $3.49 | $1.03 | ||
| Q2 24 | $4.15 | $1.11 |
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 | — | $19.2B |
| 总债务越低越好 | $60.4M | — |
| 股东权益账面价值 | $34.0M | $30.0B |
| 总资产 | $308.9M | $205.0B |
| 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AXPORCL
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $19.2B | ||
| Q3 25 | $1.3B | $10.4B | ||
| Q2 25 | $197.0M | $10.8B | ||
| Q1 25 | $261.0M | $17.4B | ||
| Q4 24 | $221.0M | $10.9B | ||
| Q3 24 | $120.0M | $10.6B | ||
| Q2 24 | $188.0M | $10.5B |
总债务AXPORCL
| 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AXPORCL
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $30.0B | ||
| Q3 25 | $32.4B | $24.2B | ||
| Q2 25 | $32.3B | $20.5B | ||
| Q1 25 | $31.2B | $16.7B | ||
| Q4 24 | $30.3B | $13.7B | ||
| Q3 24 | $29.7B | $10.8B | ||
| Q2 24 | $29.5B | $8.7B |
总资产AXPORCL
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $205.0B | ||
| Q3 25 | $297.6B | $180.4B | ||
| Q2 25 | $295.6B | $168.4B | ||
| Q1 25 | $282.2B | $161.4B | ||
| Q4 24 | $271.5B | $148.5B | ||
| Q3 24 | $271.0B | $144.2B | ||
| Q2 24 | $272.2B | $141.0B |
负债/权益比AXPORCL
| 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 | — | $2.1B |
| 自由现金流经营现金流 - 资本支出 | — | $-10.0B |
| 自由现金流率自由现金流/营收 | — | -62.1% |
| 资本支出强度资本支出/营收 | — | 74.9% |
| 现金转化率经营现金流/净利润 | — | 0.34× |
| 过去12个月自由现金流最近4个季度 | — | $-13.2B |
8季度趋势，按日历期对齐
经营现金流AXPORCL
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $6.2B | $8.1B | ||
| Q2 25 | $4.4B | $6.2B | ||
| Q1 25 | $4.8B | $5.9B | ||
| Q4 24 | $5.8B | $1.3B | ||
| Q3 24 | $-1.8B | $7.4B | ||
| Q2 24 | $4.5B | $6.1B |
自由现金流AXPORCL
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $-10.0B | ||
| Q3 25 | $5.6B | $-362.0M | ||
| Q2 25 | $3.7B | $-2.9B | ||
| Q1 25 | $4.3B | $71.0M | ||
| Q4 24 | $5.3B | $-2.7B | ||
| Q3 24 | $-2.3B | $5.1B | ||
| Q2 24 | $4.0B | $3.3B |
自由现金流率AXPORCL
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | -62.1% | ||
| Q3 25 | 53.6% | -2.4% | ||
| Q2 25 | 36.3% | -18.4% | ||
| Q1 25 | 45.0% | 0.5% | ||
| Q4 24 | 53.1% | -19.0% | ||
| Q3 24 | -23.3% | 38.5% | ||
| Q2 24 | 40.4% | 23.0% |
资本支出强度AXPORCL
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 74.9% | ||
| Q3 25 | 6.3% | 57.0% | ||
| Q2 25 | 6.0% | 57.1% | ||
| Q1 25 | 4.5% | 41.5% | ||
| Q4 24 | 5.0% | 28.2% | ||
| Q3 24 | 4.7% | 17.3% | ||
| Q2 24 | 5.8% | 19.6% |
现金转化率AXPORCL
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 0.34× | ||
| Q3 25 | 2.15× | 2.78× | ||
| Q2 25 | 1.51× | 1.80× | ||
| Q1 25 | 1.84× | 2.02× | ||
| Q4 24 | 2.66× | 0.41× | ||
| Q3 24 | -0.72× | 2.54× | ||
| Q2 24 | 1.50× | 1.93× |
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% |
ORCL
| Software Support | $4.9B | 31% |
| Cloud Infrastructure | $4.1B | 25% |
| Cloud Applications | $3.9B | 24% |
| Services Business | $1.4B | 9% |
| Software License | $939.0M | 6% |
| Hardware Business | $776.0M | 5% |
