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BREAD FINANCIAL HOLDINGS, INC.（BFH）与LendingClub Corp（LC）财务数据对比。点击上方公司名可切换其他公司
BREAD FINANCIAL HOLDINGS, INC.的季度营收约是LendingClub Corp的3.7倍（$975.0M vs $266.5M）。LendingClub Corp同比增速更快（22.7% vs 5.4%）。过去两年LendingClub Corp的营收复合增速更高（21.4% vs -0.8%）
Bread Financial Holdings, Inc.是美国上市金融科技企业，核心业务包括联名信用卡发行、联盟忠诚度计划运营及精准营销服务，依托海量交易数据的捕捉与分析为合作品牌及消费者提供定制化商业解决方案，助力合作方提升用户粘性与经营效益。
LendingClub Corp是总部位于美国加利福尼亚州旧金山的金融服务企业，是全球首家将旗下产品作为证券完成注册的P2P借贷平台，同时支持贷款在二级市场交易。巅峰时期它是全球规模最大的P2P借贷平台，截至2015年12月31日，平台累计促成贷款发放额达159.8亿美元。
BFH vs LC — 直观对比
营收规模更大
BFH
是对方的3.7倍
$266.5M
营收增速更快
LC
高出17.3%
5.4%
两年增速更快
LC
近两年复合增速
-0.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $975.0M | $266.5M |
| 净利润 | — | — |
| 毛利率 | — | — |
| 营业利润率 | 4.9% | 18.8% |
| 净利率 | — | — |
| 营收同比 | 5.4% | 22.7% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $1.21 | $0.36 |
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BFHLC
| Q4 25 | $975.0M | $266.5M | ||
| Q3 25 | $971.0M | $266.2M | ||
| Q2 25 | $929.0M | $248.4M | ||
| Q1 25 | $970.0M | $217.7M | ||
| Q4 24 | $925.0M | $217.2M | ||
| Q3 24 | $983.0M | $201.9M | ||
| Q2 24 | $939.0M | $187.2M | ||
| Q1 24 | $991.0M | $180.7M |
净利润BFHLC
| Q4 25 | — | — | ||
| Q3 25 | $188.0M | $44.3M | ||
| Q2 25 | $139.0M | $38.2M | ||
| Q1 25 | $138.0M | $11.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.0M | $14.5M | ||
| Q2 24 | $133.0M | $14.9M | ||
| Q1 24 | $134.0M | $12.3M |
营业利润率BFHLC
| Q4 25 | 4.9% | 18.8% | ||
| Q3 25 | 20.2% | 21.5% | ||
| Q2 25 | 18.7% | 21.7% | ||
| Q1 25 | 20.3% | 7.2% | ||
| Q4 24 | -2.9% | 5.1% | ||
| Q3 24 | 4.1% | 8.9% | ||
| Q2 24 | 19.2% | 10.4% | ||
| Q1 24 | 19.0% | 9.1% |
净利率BFHLC
| Q4 25 | — | — | ||
| Q3 25 | 19.4% | 16.6% | ||
| Q2 25 | 15.0% | 15.4% | ||
| Q1 25 | 14.2% | 5.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.2% | 7.2% | ||
| Q2 24 | 14.2% | 8.0% | ||
| Q1 24 | 13.5% | 6.8% |
每股收益（稀释后）BFHLC
| Q4 25 | $1.21 | $0.36 | ||
| Q3 25 | $3.96 | $0.37 | ||
| Q2 25 | $2.94 | $0.33 | ||
| Q1 25 | $2.78 | $0.10 | ||
| Q4 24 | $0.08 | $0.08 | ||
| Q3 24 | $0.05 | $0.13 | ||
| Q2 24 | $2.66 | $0.13 | ||
| Q1 24 | $2.70 | $0.11 |
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 | $3.6B | — |
| 总债务越低越好 | $4.3B | $0 |
| 股东权益账面价值 | $3.3B | $1.5B |
| 总资产 | $22.7B | $11.6B |
| 负债/权益比越低杠杆越低 | 1.29× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资BFHLC
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $3.8B | — |
总债务BFHLC
| Q4 25 | $4.3B | $0 | ||
| Q3 25 | $3.8B | $0 | ||
| Q2 25 | $4.2B | $0 | ||
| Q1 25 | $5.1B | $0 | ||
| Q4 24 | $5.6B | $0 | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BFHLC
| Q4 25 | $3.3B | $1.5B | ||
| Q3 25 | $3.3B | $1.5B | ||
| Q2 25 | $3.2B | $1.4B | ||
| Q1 25 | $3.1B | $1.4B | ||
| Q4 24 | $3.1B | $1.3B | ||
| Q3 24 | $3.1B | $1.3B | ||
| Q2 24 | $3.2B | $1.3B | ||
| Q1 24 | $3.0B | $1.3B |
总资产BFHLC
| Q4 25 | $22.7B | $11.6B | ||
| Q3 25 | $21.7B | $11.1B | ||
| Q2 25 | $21.8B | $10.8B | ||
| Q1 25 | $22.4B | $10.5B | ||
| Q4 24 | $22.9B | $10.6B | ||
| Q3 24 | $21.7B | $11.0B | ||
| Q2 24 | $22.1B | $9.6B | ||
| Q1 24 | $22.3B | $9.2B |
负债/权益比BFHLC
| Q4 25 | 1.29× | 0.00× | ||
| Q3 25 | 1.14× | 0.00× | ||
| Q2 25 | 1.34× | 0.00× | ||
| Q1 25 | 1.67× | 0.00× | ||
| Q4 24 | 1.82× | 0.00× | ||
| Q3 24 | 1.47× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $568.0M | $-903.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-919.3M |
| 自由现金流率自由现金流/营收 | — | -345.0% |
| 资本支出强度资本支出/营收 | — | 5.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.9B |
8季度趋势，按日历期对齐
经营现金流BFHLC
| Q4 25 | $568.0M | $-903.8M | ||
| Q3 25 | $605.0M | $-770.8M | ||
| Q2 25 | $526.0M | $-713.1M | ||
| Q1 25 | $393.0M | $-339.3M | ||
| Q4 24 | $479.0M | $-185.4M | ||
| Q3 24 | $456.0M | $-669.8M | ||
| Q2 24 | $477.0M | $-932.5M | ||
| Q1 24 | $447.0M | $-846.5M |
自由现金流BFHLC
| Q4 25 | — | $-919.3M | ||
| Q3 25 | — | $-791.8M | ||
| Q2 25 | — | $-803.8M | ||
| Q1 25 | — | $-352.3M | ||
| Q4 24 | — | $-202.6M | ||
| Q3 24 | — | $-682.3M | ||
| Q2 24 | — | $-945.3M | ||
| Q1 24 | — | $-858.3M |
自由现金流率BFHLC
| Q4 25 | — | -345.0% | ||
| Q3 25 | — | -297.4% | ||
| Q2 25 | — | -323.5% | ||
| Q1 25 | — | -161.8% | ||
| Q4 24 | — | -93.3% | ||
| Q3 24 | — | -338.0% | ||
| Q2 24 | — | -504.9% | ||
| Q1 24 | — | -475.0% |
资本支出强度BFHLC
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 36.5% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 6.9% | ||
| Q1 24 | — | 6.5% |
现金转化率BFHLC
| Q4 25 | — | — | ||
| Q3 25 | 3.22× | -17.41× | ||
| Q2 25 | 3.78× | -18.68× | ||
| Q1 25 | 2.85× | -29.07× | ||
| Q4 24 | — | — | ||
| Q3 24 | 228.00× | -46.33× | ||
| Q2 24 | 3.59× | -62.57× | ||
| Q1 24 | 3.34× | -69.10× |
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
BFH
暂无分部数据
LC
| Lending Club Bank | $162.8M | 61% |
| Other | $82.3M | 31% |
| Servicing Fees | $12.8M | 5% |
| Lending Club Corporation | $8.5M | 3% |
