vs
阿里巴巴集团控股有限公司（BABA）与FISERV INC（FISV）财务数据对比。点击上方公司名可切换其他公司
阿里巴巴集团控股有限公司的季度营收约是FISERV INC的7.3倍（$38.8B vs $5.3B）。FISERV INC净利率更高（15.3% vs 5.8%，领先9.6%）
阿里巴巴集团控股有限公司是1999年6月28日于浙江杭州创立的中国跨国科技企业，核心业务覆盖电商、零售、互联网及科技领域，运营面向中国及全球市场的C2C、B2C、B2B交易平台，同时提供本地生活服务、数字媒体娱乐、物流、云计算等多元服务，服务全球海量消费者与企业客户。
Fiserv是总部位于美国威斯康星州密尔沃基的跨国金融科技企业，面向银行机构提供借记卡、信用卡交易处理、忠诚度计划管理、贷款服务、电子账单支付、电汇及ACH转账、支票存款、ATM交易处理等解决方案，同时生产借记卡、信用卡及POS终端设备。
BABA vs FISV — 直观对比
营收规模更大
BABA
是对方的7.3倍
$5.3B
净利率更高
FISV
高出9.6%
5.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $38.8B | $5.3B |
| 净利润 | $2.2B | $811.0M |
| 毛利率 | 40.2% | — |
| 营业利润率 | 6.6% | 24.4% |
| 净利率 | 5.8% | 15.3% |
| 营收同比 | — | 0.6% |
| 净利润同比 | — | -13.5% |
| 每股收益（稀释后） | $6.64 | $1.51 |
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BABAFISV
| Q4 25 | $38.8B | $5.3B | ||
| Q3 25 | $34.2B | $5.3B | ||
| Q2 25 | $32.6B | $5.5B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | $38.7B | $5.3B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $4.9B |
净利润BABAFISV
| Q4 25 | $2.2B | $811.0M | ||
| Q3 25 | $2.9B | $792.0M | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | — | $851.0M | ||
| Q4 24 | $6.8B | $938.0M | ||
| Q3 24 | — | $564.0M | ||
| Q2 24 | — | $894.0M | ||
| Q1 24 | — | $735.0M |
毛利率BABAFISV
| Q4 25 | 40.2% | — | ||
| Q3 25 | 39.2% | — | ||
| Q2 25 | 38.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 42.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率BABAFISV
| Q4 25 | 6.6% | 24.4% | ||
| Q3 25 | 2.2% | 27.3% | ||
| Q2 25 | 12.0% | 30.7% | ||
| Q1 25 | — | 27.2% | ||
| Q4 24 | 14.7% | 31.8% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | — | 24.2% |
净利率BABAFISV
| Q4 25 | 5.8% | 15.3% | ||
| Q3 25 | 8.5% | 15.0% | ||
| Q2 25 | 5.3% | 18.6% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | 17.5% | 17.9% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 17.5% | ||
| Q1 24 | — | 15.1% |
每股收益（稀释后）BABAFISV
| Q4 25 | $6.64 | $1.51 | ||
| Q3 25 | $8.72 | $1.46 | ||
| Q2 25 | $5.20 | $1.86 | ||
| Q1 25 | — | $1.51 | ||
| Q4 24 | $20.40 | $1.63 | ||
| Q3 24 | — | $0.98 | ||
| Q2 24 | — | $1.53 | ||
| Q1 24 | — | $1.24 |
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 | $18.3B | $798.0M |
| 总债务越低越好 | — | $27.8B |
| 股东权益账面价值 | $148.7B | $25.8B |
| 总资产 | $268.6B | $80.1B |
| 负债/权益比越低杠杆越低 | — | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资BABAFISV
| Q4 25 | $18.3B | $798.0M | ||
| Q3 25 | $19.0B | $1.1B | ||
| Q2 25 | $20.0B | $999.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $22.3B | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
总债务BABAFISV
| Q4 25 | — | $27.8B | ||
| Q3 25 | — | $28.9B | ||
| Q2 25 | — | $28.1B | ||
| Q1 25 | — | $27.0B | ||
| Q4 24 | — | $23.7B | ||
| Q3 24 | — | $24.1B | ||
| Q2 24 | — | $24.4B | ||
| Q1 24 | — | $23.8B |
股东权益BABAFISV
| Q4 25 | $148.7B | $25.8B | ||
| Q3 25 | $145.0B | $25.1B | ||
| Q2 25 | $139.2B | $25.2B | ||
| Q1 25 | — | $25.9B | ||
| Q4 24 | $137.2B | $27.1B | ||
| Q3 24 | — | $27.8B | ||
| Q2 24 | — | $28.2B | ||
| Q1 24 | — | $28.8B |
总资产BABAFISV
| Q4 25 | $268.6B | $80.1B | ||
| Q3 25 | $264.6B | $79.4B | ||
| Q2 25 | $248.6B | $81.5B | ||
| Q1 25 | — | $80.4B | ||
| Q4 24 | $254.1B | $77.2B | ||
| Q3 24 | — | $79.8B | ||
| Q2 24 | — | $93.4B | ||
| Q1 24 | — | $92.7B |
负债/权益比BABAFISV
| Q4 25 | — | 1.08× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.82× |
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 | $5.2B | $1.9B |
| 自由现金流经营现金流 - 资本支出 | — | $1.5B |
| 自由现金流率自由现金流/营收 | — | 28.4% |
| 资本支出强度资本支出/营收 | — | 8.4% |
| 现金转化率经营现金流/净利润 | 2.31× | 2.40× |
| 过去12个月自由现金流最近4个季度 | — | $4.3B |
8季度趋势，按日历期对齐
经营现金流BABAFISV
| Q4 25 | $5.2B | $1.9B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $3.8B | $1.7B | ||
| Q1 25 | — | $648.0M | ||
| Q4 24 | $9.7B | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $831.0M |
自由现金流BABAFISV
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $313.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $993.0M | ||
| Q1 24 | — | $411.0M |
自由现金流率BABAFISV
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 21.5% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 34.7% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 19.4% | ||
| Q1 24 | — | 8.4% |
资本支出强度BABAFISV
| Q4 25 | — | 8.4% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | 6.8% | ||
| Q1 24 | — | 8.6% |
现金转化率BABAFISV
| Q4 25 | 2.31× | 2.40× | ||
| Q3 25 | 0.49× | 2.28× | ||
| Q2 25 | 2.19× | 1.62× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | 1.43× | 2.37× | ||
| Q3 24 | — | 3.97× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | — | 1.13× |
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
BABA
| Alibaba China E-commerce Group | $22.8B | 59% |
| All others | $9.6B | 25% |
| Cloud Intelligence Group | $6.2B | 16% |
FISV
| Small Business | $1.7B | 32% |
| Products | $1.0B | 19% |
| Digital Payments | $960.0M | 18% |
| Issuing | $792.0M | 15% |
| Enterprise | $587.0M | 11% |
| Processing | $265.0M | 5% |
| Affiliated Entity | $18.0M | 0% |
