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第一资本（COF）与贝宝（PYPL）财务数据对比。点击上方公司名可切换其他公司
第一资本的季度营收约是贝宝的1.8倍（$15.2B vs $8.7B），贝宝净利率更高（16.6% vs 14.3%，领先2.3%），贝宝同比增速更快（3.7% vs -2.3%），过去两年第一资本的营收复合增速更高（26.6% vs 6.2%）
第一资本金融公司是1994年成立的美国银行控股企业，总部位于弗吉尼亚州泰森斯，业务主要集中在美国境内，核心服务涵盖信用卡、汽车贷款、银行服务、储蓄账户等。截至2025年6月30日，其总资产位列全美银行第六，Visa和万事达信用卡发卡量排全美第三，也是美国规模最大的汽车金融公司之一。
贝宝控股（PayPal Holdings, Inc.）是美国跨国金融科技企业，在全球多数支持线上转账的国家运营在线支付系统，可作为支票、汇票等传统纸质支付方式的电子替代选项，同时为线上商户、拍卖网站及各类商业用户提供支付处理服务。
COF vs PYPL — 直观对比
营收规模更大
COF
是对方的1.8倍
$8.7B
营收增速更快
PYPL
高出6.0%
-2.3%
净利率更高
PYPL
高出2.3%
14.3%
两年增速更快
COF
近两年复合增速
6.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $15.2B | $8.7B |
| 净利润 | $2.2B | $1.4B |
| 毛利率 | — | — |
| 营业利润率 | — | 17.4% |
| 净利率 | 14.3% | 16.6% |
| 营收同比 | -2.3% | 3.7% |
| 净利润同比 | 1.9% | 28.2% |
| 每股收益（稀释后） | $3.34 | $1.53 |
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COFPYPL
| Q1 26 | $15.2B | — | ||
| Q4 25 | $15.6B | $8.7B | ||
| Q3 25 | $15.4B | $8.4B | ||
| Q2 25 | $12.5B | $8.3B | ||
| Q1 25 | $10.0B | $7.8B | ||
| Q4 24 | $10.2B | $8.4B | ||
| Q3 24 | $10.0B | $7.8B | ||
| Q2 24 | $9.5B | $7.9B |
净利润COFPYPL
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $3.2B | $1.2B | ||
| Q2 25 | $-4.3B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $597.0M | $1.1B |
营业利润率COFPYPL
| Q1 26 | — | — | ||
| Q4 25 | 85.8% | 17.4% | ||
| Q3 25 | 28.5% | 18.1% | ||
| Q2 25 | -47.5% | 18.1% | ||
| Q1 25 | 17.3% | 19.6% | ||
| Q4 24 | 14.3% | 17.2% | ||
| Q3 24 | 22.1% | 17.7% | ||
| Q2 24 | 6.8% | 16.8% |
净利率COFPYPL
| Q1 26 | 14.3% | — | ||
| Q4 25 | 87.2% | 16.6% | ||
| Q3 25 | 20.8% | 14.8% | ||
| Q2 25 | -34.2% | 15.2% | ||
| Q1 25 | 14.0% | 16.5% | ||
| Q4 24 | 10.8% | 13.4% | ||
| Q3 24 | 17.7% | 12.9% | ||
| Q2 24 | 6.3% | 14.3% |
每股收益（稀释后）COFPYPL
| Q1 26 | $3.34 | — | ||
| Q4 25 | $4.33 | $1.53 | ||
| Q3 25 | $4.83 | $1.30 | ||
| Q2 25 | $-8.58 | $1.29 | ||
| Q1 25 | $3.45 | $1.29 | ||
| Q4 24 | $2.67 | $1.09 | ||
| Q3 24 | $4.41 | $0.99 | ||
| Q2 24 | $1.38 | $1.08 |
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 | — | $10.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $112.3B | $20.3B |
| 总资产 | $682.9B | $80.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资COFPYPL
| Q1 26 | — | — | ||
| Q4 25 | — | $10.4B | ||
| Q3 25 | — | $10.8B | ||
| Q2 25 | — | $10.0B | ||
| Q1 25 | — | $11.2B | ||
| Q4 24 | — | $10.8B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $13.6B |
总债务COFPYPL
| Q1 26 | — | — | ||
| Q4 25 | $49.9B | — | ||
| Q3 25 | $50.9B | — | ||
| Q2 25 | $51.9B | — | ||
| Q1 25 | $41.2B | — | ||
| Q4 24 | $45.0B | — | ||
| Q3 24 | $48.8B | — | ||
| Q2 24 | $47.2B | — |
股东权益COFPYPL
| Q1 26 | $112.3B | — | ||
| Q4 25 | $113.6B | $20.3B | ||
| Q3 25 | $113.8B | $20.2B | ||
| Q2 25 | $111.0B | $20.2B | ||
| Q1 25 | $63.5B | $20.3B | ||
| Q4 24 | $60.8B | $20.4B | ||
| Q3 24 | $62.9B | $20.2B | ||
| Q2 24 | $58.0B | $20.6B |
总资产COFPYPL
| Q1 26 | $682.9B | — | ||
| Q4 25 | $669.0B | $80.2B | ||
| Q3 25 | $661.9B | $79.8B | ||
| Q2 25 | $659.0B | $79.8B | ||
| Q1 25 | $493.6B | $81.3B | ||
| Q4 24 | $490.1B | $81.6B | ||
| Q3 24 | $486.4B | $83.5B | ||
| Q2 24 | $480.0B | $84.0B |
负债/权益比COFPYPL
| Q1 26 | — | — | ||
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 0.81× | — |
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 | — | $2.4B |
| 自由现金流经营现金流 - 资本支出 | — | $2.2B |
| 自由现金流率自由现金流/营收 | — | 25.2% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | — | 1.66× |
| 过去12个月自由现金流最近4个季度 | — | $5.6B |
8季度趋势，按日历期对齐
经营现金流COFPYPL
| Q1 26 | — | — | ||
| Q4 25 | $27.7B | $2.4B | ||
| Q3 25 | $9.2B | $2.0B | ||
| Q2 25 | $6.1B | $898.0M | ||
| Q1 25 | $4.7B | $1.2B | ||
| Q4 24 | $18.2B | $2.4B | ||
| Q3 24 | $6.5B | $1.6B | ||
| Q2 24 | $6.2B | $1.5B |
自由现金流COFPYPL
| Q1 26 | — | — | ||
| Q4 25 | $26.1B | $2.2B | ||
| Q3 25 | $8.8B | $1.7B | ||
| Q2 25 | $5.7B | $692.0M | ||
| Q1 25 | $4.3B | $964.0M | ||
| Q4 24 | $17.0B | $2.2B | ||
| Q3 24 | $6.1B | $1.4B | ||
| Q2 24 | $6.0B | $1.4B |
自由现金流率COFPYPL
| Q1 26 | — | — | ||
| Q4 25 | 167.7% | 25.2% | ||
| Q3 25 | 57.1% | 20.4% | ||
| Q2 25 | 45.4% | 8.3% | ||
| Q1 25 | 43.2% | 12.4% | ||
| Q4 24 | 166.4% | 26.2% | ||
| Q3 24 | 61.4% | 18.4% | ||
| Q2 24 | 62.6% | 17.3% |
资本支出强度COFPYPL
| Q1 26 | — | — | ||
| Q4 25 | 10.1% | 2.2% | ||
| Q3 25 | 2.5% | 3.0% | ||
| Q2 25 | 3.2% | 2.5% | ||
| Q1 25 | 3.5% | 2.5% | ||
| Q4 24 | 11.8% | 2.4% | ||
| Q3 24 | 3.1% | 2.2% | ||
| Q2 24 | 3.0% | 2.0% |
现金转化率COFPYPL
| Q1 26 | — | — | ||
| Q4 25 | 12.99× | 1.66× | ||
| Q3 25 | 2.87× | 1.58× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | 3.32× | 0.90× | ||
| Q4 24 | 16.57× | 2.14× | ||
| Q3 24 | 3.63× | 1.60× | ||
| Q2 24 | 10.46× | 1.35× |
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
COF
暂无分部数据
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
