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美国运通（AXP）与T-Mobile US（TMUS）财务数据对比。点击上方公司名可切换其他公司
T-Mobile US的季度营收约是美国运通的1.2倍（$23.1B vs $18.9B），美国运通净利率更高（15.7% vs 10.8%，领先4.9%），美国运通同比增速更快（11.4% vs 10.6%），过去两年美国运通的营收复合增速更高（38.8% vs 8.1%）
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。
T-Mobile US是总部位于美国华盛顿州贝尔维尤的无线网络运营商，多数股权由德国电信巨头德国电信持有，为美国第二大无线通信服务商，截至2025年9月30日其用户规模达1.4亿，面向个人及商业客户提供高速移动通信等相关服务。
AXP vs TMUS — 直观对比
营收规模更大
TMUS
是对方的1.2倍
$18.9B
营收增速更快
AXP
高出0.8%
10.6%
净利率更高
AXP
高出4.9%
10.8%
两年增速更快
AXP
近两年复合增速
8.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9B | $23.1B |
| 净利润 | $3.0B | $2.5B |
| 毛利率 | — | — |
| 营业利润率 | — | 20.8% |
| 净利率 | 15.7% | 10.8% |
| 营收同比 | 11.4% | 10.6% |
| 净利润同比 | 15.0% | -15.2% |
| 每股收益（稀释后） | $4.28 | $2.27 |
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AXPTMUS
| Q1 26 | $18.9B | $23.1B | ||
| Q4 25 | $10.9B | $24.3B | ||
| Q3 25 | $10.4B | $22.0B | ||
| Q2 25 | $10.3B | $21.1B | ||
| Q1 25 | $9.6B | $20.9B | ||
| Q4 24 | $10.0B | $21.9B | ||
| Q3 24 | $9.7B | $20.2B | ||
| Q2 24 | $9.8B | $19.8B |
净利润AXPTMUS
| Q1 26 | $3.0B | $2.5B | ||
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.9B | $2.7B | ||
| Q2 25 | $2.9B | $3.2B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.2B | $3.0B | ||
| Q3 24 | $2.5B | $3.1B | ||
| Q2 24 | $3.0B | $2.9B |
营业利润率AXPTMUS
| Q1 26 | — | 20.8% | ||
| Q4 25 | 28.2% | 15.4% | ||
| Q3 25 | 36.7% | 20.6% | ||
| Q2 25 | 34.4% | 24.7% | ||
| Q1 25 | 34.6% | 23.0% | ||
| Q4 24 | 27.7% | 21.0% | ||
| Q3 24 | 33.0% | 23.8% | ||
| Q2 24 | 38.6% | 23.4% |
净利率AXPTMUS
| Q1 26 | 15.7% | 10.8% | ||
| Q4 25 | 22.5% | 8.6% | ||
| Q3 25 | 27.9% | 12.4% | ||
| Q2 25 | 28.0% | 15.2% | ||
| Q1 25 | 26.8% | 14.1% | ||
| Q4 24 | 21.8% | 13.6% | ||
| Q3 24 | 25.8% | 15.2% | ||
| Q2 24 | 30.7% | 14.8% |
每股收益（稀释后）AXPTMUS
| Q1 26 | $4.28 | $2.27 | ||
| Q4 25 | $3.52 | $1.89 | ||
| Q3 25 | $4.14 | $2.41 | ||
| Q2 25 | $4.08 | $2.84 | ||
| Q1 25 | $3.64 | $2.58 | ||
| Q4 24 | $3.04 | $2.56 | ||
| Q3 24 | $3.49 | $2.61 | ||
| Q2 24 | $4.15 | $2.49 |
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 | — | $3.5B |
| 总债务越低越好 | $60.4M | $86.0B |
| 股东权益账面价值 | $34.0M | $55.9B |
| 总资产 | $308.9M | $214.7B |
| 负债/权益比越低杠杆越低 | 1.78× | 1.54× |
8季度趋势，按日历期对齐
现金及短期投资AXPTMUS
| Q1 26 | — | $3.5B | ||
| Q4 25 | $742.0M | $5.6B | ||
| Q3 25 | $1.3B | $3.3B | ||
| Q2 25 | $197.0M | $10.3B | ||
| Q1 25 | $261.0M | $12.0B | ||
| Q4 24 | $221.0M | $5.4B | ||
| Q3 24 | $120.0M | $9.8B | ||
| Q2 24 | $188.0M | $6.4B |
总债务AXPTMUS
| Q1 26 | $60.4M | $86.0B | ||
| Q4 25 | $56.4B | $86.3B | ||
| Q3 25 | $57.8B | — | ||
| Q2 25 | $58.2B | — | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | $78.3B | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — |
股东权益AXPTMUS
| Q1 26 | $34.0M | $55.9B | ||
| Q4 25 | $33.5B | $59.2B | ||
| Q3 25 | $32.4B | $60.5B | ||
| Q2 25 | $32.3B | $61.1B | ||
| Q1 25 | $31.2B | $61.1B | ||
| Q4 24 | $30.3B | $61.7B | ||
| Q3 24 | $29.7B | $64.3B | ||
| Q2 24 | $29.5B | $62.6B |
总资产AXPTMUS
| Q1 26 | $308.9M | $214.7B | ||
| Q4 25 | $300.1B | $219.2B | ||
| Q3 25 | $297.6B | $217.2B | ||
| Q2 25 | $295.6B | $212.6B | ||
| Q1 25 | $282.2B | $214.6B | ||
| Q4 24 | $271.5B | $208.0B | ||
| Q3 24 | $271.0B | $210.7B | ||
| Q2 24 | $272.2B | $208.6B |
负债/权益比AXPTMUS
| Q1 26 | 1.78× | 1.54× | ||
| Q4 25 | 1.68× | 1.46× | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | 1.27× | ||
| 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 | — | $7.2B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | — | 2.88× |
| 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AXPTMUS
| Q1 26 | — | $7.2B | ||
| Q4 25 | $3.1B | $6.7B | ||
| Q3 25 | $6.2B | $7.5B | ||
| Q2 25 | $4.4B | $7.0B | ||
| Q1 25 | $4.8B | $6.8B | ||
| Q4 24 | $5.8B | $5.5B | ||
| Q3 24 | $-1.8B | $6.1B | ||
| Q2 24 | $4.5B | $5.5B |
自由现金流AXPTMUS
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $4.2B | ||
| Q3 25 | $5.6B | $4.8B | ||
| Q2 25 | $3.7B | $4.6B | ||
| Q1 25 | $4.3B | $4.4B | ||
| Q4 24 | $5.3B | $3.3B | ||
| Q3 24 | $-2.3B | $4.2B | ||
| Q2 24 | $4.0B | $3.5B |
自由现金流率AXPTMUS
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 17.2% | ||
| Q3 25 | 53.6% | 21.9% | ||
| Q2 25 | 36.3% | 21.7% | ||
| Q1 25 | 45.0% | 21.0% | ||
| Q4 24 | 53.1% | 15.3% | ||
| Q3 24 | -23.3% | 20.7% | ||
| Q2 24 | 40.4% | 17.6% |
资本支出强度AXPTMUS
| Q1 26 | — | 0.0% | ||
| Q4 25 | 6.6% | 10.1% | ||
| Q3 25 | 6.3% | 12.0% | ||
| Q2 25 | 6.0% | 11.3% | ||
| Q1 25 | 4.5% | 11.7% | ||
| Q4 24 | 5.0% | 10.1% | ||
| Q3 24 | 4.7% | 9.7% | ||
| Q2 24 | 5.8% | 10.3% |
现金转化率AXPTMUS
| Q1 26 | — | 2.88× | ||
| Q4 25 | 1.25× | 3.16× | ||
| Q3 25 | 2.15× | 2.75× | ||
| Q2 25 | 1.51× | 2.17× | ||
| Q1 25 | 1.84× | 2.32× | ||
| Q4 24 | 2.66× | 1.86× | ||
| Q3 24 | -0.72× | 2.01× | ||
| Q2 24 | 1.50× | 1.89× |
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
TMUS
| Postpaid service revenues | $15.6B | 68% |
| Other | $7.5B | 32% |
