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美国运通（AXP）与LendingTree, Inc.（TREE）财务数据对比。点击上方公司名可切换其他公司
LendingTree, Inc.的季度营收约是美国运通的16.9倍（$319.7M vs $18.9M）。LendingTree, Inc.净利率更高（45.2% vs 15.7%，领先29.5%）。LendingTree, Inc.同比增速更快（22.2% vs 11.4%）。过去两年LendingTree, Inc.的营收复合增速更高（38.0% 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。
LendingTree, Inc.是1996年成立的在线借贷交易平台，总部位于北卡罗来纳州夏洛特。该平台对接潜在借款用户与多家贷款机构，可提供贷款、信用卡、存款账户、保险等多种金融产品服务，支持用户对比不同机构的利率与条款，还配套提供金融工具、贷款查询及借贷相关资讯服务。
AXP vs TREE — 直观对比
营收规模更大
TREE
是对方的16.9倍
$18.9M
营收增速更快
TREE
高出10.8%
11.4%
净利率更高
TREE
高出29.5%
15.7%
两年增速更快
TREE
近两年复合增速
-95.6%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $18.9M | $319.7M |
| 净利润 | $3.0M | $144.7M |
| 毛利率 | — | 29.2% |
| 营业利润率 | — | 7.0% |
| 净利率 | 15.7% | 45.2% |
| 营收同比 | 11.4% | 22.2% |
| 净利润同比 | 15.0% | 1827.2% |
| 每股收益（稀释后） | — | $10.32 |
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AXPTREE
| Q1 26 | $18.9M | — | ||
| Q4 25 | $10.9B | $319.7M | ||
| Q3 25 | $10.4B | $307.8M | ||
| Q2 25 | $10.3B | $250.1M | ||
| Q1 25 | $9.6B | $239.7M | ||
| Q4 24 | $10.0B | $261.5M | ||
| Q3 24 | $9.7B | $260.8M | ||
| Q2 24 | $9.8B | $210.1M |
净利润AXPTREE
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $144.7M | ||
| Q3 25 | $2.9B | $10.2M | ||
| Q2 25 | $2.9B | $8.9M | ||
| Q1 25 | $2.6B | $-12.4M | ||
| Q4 24 | $2.2B | $7.5M | ||
| Q3 24 | $2.5B | $-58.0M | ||
| Q2 24 | $3.0B | $7.8M |
毛利率AXPTREE
| Q1 26 | — | — | ||
| Q4 25 | — | 29.2% | ||
| Q3 25 | — | 30.7% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 32.9% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 30.2% | ||
| Q2 24 | — | 34.5% |
营业利润率AXPTREE
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 7.0% | ||
| Q3 25 | 36.7% | 9.3% | ||
| Q2 25 | 34.4% | 8.4% | ||
| Q1 25 | 34.6% | -3.0% | ||
| Q4 24 | 27.7% | 6.9% | ||
| Q3 24 | 33.0% | 3.8% | ||
| Q2 24 | 38.6% | 4.6% |
净利率AXPTREE
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | 45.2% | ||
| Q3 25 | 27.9% | 3.3% | ||
| Q2 25 | 28.0% | 3.5% | ||
| Q1 25 | 26.8% | -5.2% | ||
| Q4 24 | 21.8% | 2.9% | ||
| Q3 24 | 25.8% | -22.2% | ||
| Q2 24 | 30.7% | 3.7% |
每股收益（稀释后）AXPTREE
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $10.32 | ||
| Q3 25 | $4.14 | $0.73 | ||
| Q2 25 | $4.08 | $0.65 | ||
| Q1 25 | $3.64 | $-0.92 | ||
| Q4 24 | $3.04 | $0.54 | ||
| Q3 24 | $3.49 | $-4.34 | ||
| Q2 24 | $4.15 | $0.58 |
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 | — | $81.1M |
| 总债务越低越好 | $60.4M | — |
| 股东权益账面价值 | $34.0M | $286.8M |
| 总资产 | $308.9M | $855.7M |
| 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AXPTREE
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $81.1M | ||
| Q3 25 | $1.3B | $68.6M | ||
| Q2 25 | $197.0M | $149.1M | ||
| Q1 25 | $261.0M | $126.4M | ||
| Q4 24 | $221.0M | $106.6M | ||
| Q3 24 | $120.0M | $96.8M | ||
| Q2 24 | $188.0M | $66.8M |
总债务AXPTREE
| 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AXPTREE
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $286.8M | ||
| Q3 25 | $32.4B | $132.4M | ||
| Q2 25 | $32.3B | $118.1M | ||
| Q1 25 | $31.2B | $103.7M | ||
| Q4 24 | $30.3B | $108.8M | ||
| Q3 24 | $29.7B | $94.3M | ||
| Q2 24 | $29.5B | $145.8M |
总资产AXPTREE
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $855.7M | ||
| Q3 25 | $297.6B | $759.9M | ||
| Q2 25 | $295.6B | $835.8M | ||
| Q1 25 | $282.2B | $777.1M | ||
| Q4 24 | $271.5B | $767.7M | ||
| Q3 24 | $271.0B | $787.2M | ||
| Q2 24 | $272.2B | $802.2M |
负债/权益比AXPTREE
| 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 | — | $16.5M |
| 自由现金流经营现金流 - 资本支出 | — | $13.5M |
| 自由现金流率自由现金流/营收 | — | 4.2% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | — | 0.11× |
| 过去12个月自由现金流最近4个季度 | — | $60.7M |
8季度趋势，按日历期对齐
经营现金流AXPTREE
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $16.5M | ||
| Q3 25 | $6.2B | $28.8M | ||
| Q2 25 | $4.4B | $28.0M | ||
| Q1 25 | $4.8B | $-210.0K | ||
| Q4 24 | $5.8B | $16.2M | ||
| Q3 24 | $-1.8B | $45.3M | ||
| Q2 24 | $4.5B | $-4.9M |
自由现金流AXPTREE
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $13.5M | ||
| Q3 25 | $5.6B | $25.6M | ||
| Q2 25 | $3.7B | $25.2M | ||
| Q1 25 | $4.3B | $-3.6M | ||
| Q4 24 | $5.3B | $13.4M | ||
| Q3 24 | $-2.3B | $42.3M | ||
| Q2 24 | $4.0B | $-7.7M |
自由现金流率AXPTREE
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 4.2% | ||
| Q3 25 | 53.6% | 8.3% | ||
| Q2 25 | 36.3% | 10.1% | ||
| Q1 25 | 45.0% | -1.5% | ||
| Q4 24 | 53.1% | 5.1% | ||
| Q3 24 | -23.3% | 16.2% | ||
| Q2 24 | 40.4% | -3.7% |
资本支出强度AXPTREE
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 0.9% | ||
| Q3 25 | 6.3% | 1.1% | ||
| Q2 25 | 6.0% | 1.1% | ||
| Q1 25 | 4.5% | 1.4% | ||
| Q4 24 | 5.0% | 1.1% | ||
| Q3 24 | 4.7% | 1.1% | ||
| Q2 24 | 5.8% | 1.3% |
现金转化率AXPTREE
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 0.11× | ||
| Q3 25 | 2.15× | 2.84× | ||
| Q2 25 | 1.51× | 3.15× | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 2.66× | 2.16× | ||
| Q3 24 | -0.72× | — | ||
| Q2 24 | 1.50× | -0.64× |
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% |
TREE
| Insurance Segment | $214.6M | 67% |
| Other Consumer | $39.5M | 12% |
| Home Segment | $36.2M | 11% |
| Personal Loans | $29.1M | 9% |
