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FISERV INC（FISV）与Shift4 Payments, Inc.（FOUR）财务数据对比。点击上方公司名可切换其他公司
FISERV INC的季度营收约是Shift4 Payments, Inc.的4.4倍（$5.3B vs $1.2B），FISERV INC净利率更高（15.3% vs 3.4%，领先12.0%），Shift4 Payments, Inc.同比增速更快（34.0% vs 0.6%），FISERV INC自由现金流更多（$1.5B vs $222.5M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 4.0%）
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。
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
FISV vs FOUR — 直观对比
营收规模更大
FISV
是对方的4.4倍
$1.2B
营收增速更快
FOUR
高出33.4%
0.6%
净利率更高
FISV
高出12.0%
3.4%
自由现金流更多
FISV
多$1.3B
$222.5M
两年增速更快
FOUR
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $1.2B |
| 净利润 | $811.0M | $40.2M |
| 毛利率 | — | — |
| 营业利润率 | 24.4% | 10.8% |
| 净利率 | 15.3% | 3.4% |
| 营收同比 | 0.6% | 34.0% |
| 净利润同比 | -13.5% | -65.3% |
| 每股收益（稀释后） | $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FISVFOUR
| Q4 25 | $5.3B | $1.2B | ||
| Q3 25 | $5.3B | $1.2B | ||
| Q2 25 | $5.5B | $966.2M | ||
| Q1 25 | $5.1B | $848.3M | ||
| Q4 24 | $5.3B | $887.0M | ||
| Q3 24 | $5.2B | $909.2M | ||
| Q2 24 | $5.1B | $827.0M | ||
| Q1 24 | $4.9B | $707.4M |
净利润FISVFOUR
| Q4 25 | $811.0M | $40.2M | ||
| Q3 25 | $792.0M | $28.1M | ||
| Q2 25 | $1.0B | $34.0M | ||
| Q1 25 | $851.0M | $16.7M | ||
| Q4 24 | $938.0M | $116.0M | ||
| Q3 24 | $564.0M | $53.8M | ||
| Q2 24 | $894.0M | $39.2M | ||
| Q1 24 | $735.0M | $20.6M |
营业利润率FISVFOUR
| Q4 25 | 24.4% | 10.8% | ||
| Q3 25 | 27.3% | 9.7% | ||
| Q2 25 | 30.7% | 8.6% | ||
| Q1 25 | 27.2% | 3.0% | ||
| Q4 24 | 31.8% | 9.7% | ||
| Q3 24 | 30.7% | 8.8% | ||
| Q2 24 | 28.0% | 7.2% | ||
| Q1 24 | 24.2% | 3.0% |
净利率FISVFOUR
| Q4 25 | 15.3% | 3.4% | ||
| Q3 25 | 15.0% | 2.4% | ||
| Q2 25 | 18.6% | 3.5% | ||
| Q1 25 | 16.6% | 2.0% | ||
| Q4 24 | 17.9% | 13.1% | ||
| Q3 24 | 10.8% | 5.9% | ||
| Q2 24 | 17.5% | 4.7% | ||
| Q1 24 | 15.1% | 2.9% |
每股收益（稀释后）FISVFOUR
| Q4 25 | $1.51 | — | ||
| Q3 25 | $1.46 | — | ||
| Q2 25 | $1.86 | — | ||
| Q1 25 | $1.51 | — | ||
| Q4 24 | $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 | $798.0M | $964.0M |
| 总债务越低越好 | $27.8B | $4.5B |
| 股东权益账面价值 | $25.8B | $1.4B |
| 总资产 | $80.1B | $8.7B |
| 负债/权益比越低杠杆越低 | 1.08× | 3.15× |
8季度趋势，按日历期对齐
现金及短期投资FISVFOUR
| Q4 25 | $798.0M | $964.0M | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $999.0M | $3.0B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $205.0M | ||
| Q1 24 | $1.2B | $522.9M |
总债务FISVFOUR
| Q4 25 | $27.8B | $4.5B | ||
| Q3 25 | $28.9B | $4.7B | ||
| Q2 25 | $28.1B | $3.7B | ||
| Q1 25 | $27.0B | $2.8B | ||
| Q4 24 | $23.7B | $2.8B | ||
| Q3 24 | $24.1B | — | ||
| Q2 24 | $24.4B | — | ||
| Q1 24 | $23.8B | — |
股东权益FISVFOUR
| Q4 25 | $25.8B | $1.4B | ||
| Q3 25 | $25.1B | $1.7B | ||
| Q2 25 | $25.2B | $1.6B | ||
| Q1 25 | $25.9B | $805.2M | ||
| Q4 24 | $27.1B | $806.6M | ||
| Q3 24 | $27.8B | $811.8M | ||
| Q2 24 | $28.2B | $700.8M | ||
| Q1 24 | $28.8B | $674.5M |
总资产FISVFOUR
| Q4 25 | $80.1B | $8.7B | ||
| Q3 25 | $79.4B | $9.0B | ||
| Q2 25 | $81.5B | $7.0B | ||
| Q1 25 | $80.4B | $5.0B | ||
| Q4 24 | $77.2B | $5.0B | ||
| Q3 24 | $79.8B | $5.0B | ||
| Q2 24 | $93.4B | $3.5B | ||
| Q1 24 | $92.7B | $3.4B |
负债/权益比FISVFOUR
| Q4 25 | 1.08× | 3.15× | ||
| Q3 25 | 1.15× | 2.83× | ||
| Q2 25 | 1.11× | 2.34× | ||
| Q1 25 | 1.04× | 3.53× | ||
| Q4 24 | 0.88× | 3.52× | ||
| 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 | $1.9B | $223.7M |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $222.5M |
| 自由现金流率自由现金流/营收 | 28.4% | 18.7% |
| 资本支出强度资本支出/营收 | 8.4% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.40× | 5.56× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $624.0M |
8季度趋势，按日历期对齐
经营现金流FISVFOUR
| Q4 25 | $1.9B | $223.7M | ||
| Q3 25 | $1.8B | $171.8M | ||
| Q2 25 | $1.7B | $141.9M | ||
| Q1 25 | $648.0M | $96.6M | ||
| Q4 24 | $2.2B | $145.4M | ||
| Q3 24 | $2.2B | $182.1M | ||
| Q2 24 | $1.3B | $116.1M | ||
| Q1 24 | $831.0M | $56.7M |
自由现金流FISVFOUR
| Q4 25 | $1.5B | $222.5M | ||
| Q3 25 | $1.3B | $165.4M | ||
| Q2 25 | $1.2B | $141.0M | ||
| Q1 25 | $313.0M | $95.1M | ||
| Q4 24 | $1.8B | $143.8M | ||
| Q3 24 | $1.8B | $180.1M | ||
| Q2 24 | $993.0M | $113.9M | ||
| Q1 24 | $411.0M | $55.4M |
自由现金流率FISVFOUR
| Q4 25 | 28.4% | 18.7% | ||
| Q3 25 | 24.7% | 14.1% | ||
| Q2 25 | 21.5% | 14.6% | ||
| Q1 25 | 6.1% | 11.2% | ||
| Q4 24 | 34.7% | 16.2% | ||
| Q3 24 | 35.2% | 19.8% | ||
| Q2 24 | 19.4% | 13.8% | ||
| Q1 24 | 8.4% | 7.8% |
资本支出强度FISVFOUR
| Q4 25 | 8.4% | 0.1% | ||
| Q3 25 | 9.6% | 0.5% | ||
| Q2 25 | 8.7% | 0.1% | ||
| Q1 25 | 6.5% | 0.2% | ||
| Q4 24 | 7.6% | 0.2% | ||
| Q3 24 | 7.7% | 0.2% | ||
| Q2 24 | 6.8% | 0.3% | ||
| Q1 24 | 8.6% | 0.2% |
现金转化率FISVFOUR
| Q4 25 | 2.40× | 5.56× | ||
| Q3 25 | 2.28× | 6.11× | ||
| Q2 25 | 1.62× | 4.17× | ||
| Q1 25 | 0.76× | 5.78× | ||
| Q4 24 | 2.37× | 1.25× | ||
| Q3 24 | 3.97× | 3.38× | ||
| Q2 24 | 1.50× | 2.96× | ||
| Q1 24 | 1.13× | 2.75× |
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
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% |
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
