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美国运通（AXP）与菲利普莫里斯国际（PM）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菲利普莫里斯国际的1.9倍（$18.9B vs $10.1B），菲利普莫里斯国际净利率更高（24.0% vs 15.7%，领先8.3%），美国运通同比增速更快（11.4% vs 9.1%），过去两年美国运通的营收复合增速更高（38.8% vs 3.5%）
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。
菲利普莫里斯国际是全球头部烟草企业，产品销往180余个国家和地区，旗下万宝路是全球最知名的烟草品牌，2023年第四季度加热不燃烧产品IQOS贡献了最高营收，位列2025年财富美国500强第121位。
AXP vs PM — 直观对比
营收规模更大
AXP
是对方的1.9倍
$10.1B
营收增速更快
AXP
高出2.3%
9.1%
净利率更高
PM
高出8.3%
15.7%
两年增速更快
AXP
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9B | $10.1B |
| 净利润 | $3.0B | $2.4B |
| 毛利率 | — | 68.1% |
| 营业利润率 | — | 38.4% |
| 净利率 | 15.7% | 24.0% |
| 营收同比 | 11.4% | 9.1% |
| 净利润同比 | 15.0% | -9.0% |
| 每股收益（稀释后） | $4.28 | $1.56 |
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AXPPM
| Q1 26 | $18.9B | $10.1B | ||
| Q4 25 | $10.9B | $10.4B | ||
| Q3 25 | $10.4B | $10.8B | ||
| Q2 25 | $10.3B | $10.1B | ||
| Q1 25 | $9.6B | $9.3B | ||
| Q4 24 | $10.0B | $9.7B | ||
| Q3 24 | $9.7B | $9.9B | ||
| Q2 24 | $9.8B | $9.5B |
净利润AXPPM
| Q1 26 | $3.0B | $2.4B | ||
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.9B | $3.5B | ||
| Q2 25 | $2.9B | $3.0B | ||
| Q1 25 | $2.6B | $2.7B | ||
| Q4 24 | $2.2B | $-579.0M | ||
| Q3 24 | $2.5B | $3.1B | ||
| Q2 24 | $3.0B | $2.4B |
毛利率AXPPM
| Q1 26 | — | 68.1% | ||
| Q4 25 | — | 65.6% | ||
| Q3 25 | — | 67.8% | ||
| Q2 25 | — | 67.7% | ||
| Q1 25 | — | 67.3% | ||
| Q4 24 | — | 64.7% | ||
| Q3 24 | — | 66.0% | ||
| Q2 24 | — | 64.7% |
营业利润率AXPPM
| Q1 26 | — | 38.4% | ||
| Q4 25 | 28.2% | 32.6% | ||
| Q3 25 | 36.7% | 39.3% | ||
| Q2 25 | 34.4% | 36.6% | ||
| Q1 25 | 34.6% | 38.1% | ||
| Q4 24 | 27.7% | 33.6% | ||
| Q3 24 | 33.0% | 36.9% | ||
| Q2 24 | 38.6% | 36.4% |
净利率AXPPM
| Q1 26 | 15.7% | 24.0% | ||
| Q4 25 | 22.5% | 20.7% | ||
| Q3 25 | 27.9% | 32.1% | ||
| Q2 25 | 28.0% | 30.0% | ||
| Q1 25 | 26.8% | 28.9% | ||
| Q4 24 | 21.8% | -6.0% | ||
| Q3 24 | 25.8% | 31.1% | ||
| Q2 24 | 30.7% | 25.4% |
每股收益（稀释后）AXPPM
| Q1 26 | $4.28 | $1.56 | ||
| Q4 25 | $3.52 | $1.36 | ||
| Q3 25 | $4.14 | $2.23 | ||
| Q2 25 | $4.08 | $1.95 | ||
| Q1 25 | $3.64 | $1.72 | ||
| Q4 24 | $3.04 | $-0.37 | ||
| Q3 24 | $3.49 | $1.97 | ||
| Q2 24 | $4.15 | $1.54 |
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 | — | $5.5B |
| 总债务越低越好 | $60.4M | $49.5B |
| 股东权益账面价值 | $34.0M | — |
| 总资产 | $308.9M | $68.9B |
| 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AXPPM
| Q1 26 | — | $5.5B | ||
| Q4 25 | $742.0M | $4.9B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $197.0M | $4.1B | ||
| Q1 25 | $261.0M | $4.4B | ||
| Q4 24 | $221.0M | $4.2B | ||
| Q3 24 | $120.0M | $4.3B | ||
| Q2 24 | $188.0M | $4.8B |
总债务AXPPM
| Q1 26 | $60.4M | $49.5B | ||
| Q4 25 | $56.4B | $45.1B | ||
| Q3 25 | $57.8B | $41.9B | ||
| Q2 25 | $58.2B | $42.4B | ||
| Q1 25 | $51.2B | $38.8B | ||
| Q4 24 | $49.7B | $42.2B | ||
| Q3 24 | $53.5B | $44.2B | ||
| Q2 24 | $51.5B | $44.6B |
股东权益AXPPM
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $-10.0B | ||
| Q3 25 | $32.4B | $-10.9B | ||
| Q2 25 | $32.3B | $-12.0B | ||
| Q1 25 | $31.2B | $-10.9B | ||
| Q4 24 | $30.3B | $-11.8B | ||
| Q3 24 | $29.7B | $-9.7B | ||
| Q2 24 | $29.5B | $-9.7B |
总资产AXPPM
| Q1 26 | $308.9M | $68.9B | ||
| Q4 25 | $300.1B | $69.2B | ||
| Q3 25 | $297.6B | $67.1B | ||
| Q2 25 | $295.6B | $68.5B | ||
| Q1 25 | $282.2B | $65.1B | ||
| Q4 24 | $271.5B | $61.8B | ||
| Q3 24 | $271.0B | $66.9B | ||
| Q2 24 | $272.2B | $65.8B |
负债/权益比AXPPM
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
