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FISERV INC（FISV）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是FISERV INC的1.4倍（$7.4B vs $5.3B），美国合众银行净利率更高（27.8% vs 15.3%，领先12.4%），美国合众银行同比增速更快（5.1% vs 0.6%），过去两年美国合众银行的营收复合增速更高（4.7% 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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
FISV vs USB — 直观对比
营收规模更大
USB
是对方的1.4倍
$5.3B
营收增速更快
USB
高出4.5%
0.6%
净利率更高
USB
高出12.4%
15.3%
两年增速更快
USB
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $7.4B |
| 净利润 | $811.0M | $2.0B |
| 毛利率 | — | — |
| 营业利润率 | 24.4% | 34.4% |
| 净利率 | 15.3% | 27.8% |
| 营收同比 | 0.6% | 5.1% |
| 净利润同比 | -13.5% | 23.0% |
| 每股收益（稀释后） | $1.51 | $1.26 |
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FISVUSB
| Q4 25 | $5.3B | $7.4B | ||
| Q3 25 | $5.3B | $7.3B | ||
| Q2 25 | $5.5B | $7.0B | ||
| Q1 25 | $5.1B | $7.0B | ||
| Q4 24 | $5.3B | $7.0B | ||
| Q3 24 | $5.2B | $6.9B | ||
| Q2 24 | $5.1B | $6.9B | ||
| Q1 24 | $4.9B | $6.7B |
净利润FISVUSB
| Q4 25 | $811.0M | $2.0B | ||
| Q3 25 | $792.0M | $2.0B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $851.0M | $1.7B | ||
| Q4 24 | $938.0M | $1.7B | ||
| Q3 24 | $564.0M | $1.7B | ||
| Q2 24 | $894.0M | $1.6B | ||
| Q1 24 | $735.0M | $1.3B |
营业利润率FISVUSB
| Q4 25 | 24.4% | 34.4% | ||
| Q3 25 | 27.3% | 34.5% | ||
| Q2 25 | 30.7% | 32.7% | ||
| Q1 25 | 27.2% | 31.0% | ||
| Q4 24 | 31.8% | 30.1% | ||
| Q3 24 | 30.7% | 30.2% | ||
| Q2 24 | 28.0% | 29.9% | ||
| Q1 24 | 24.2% | 24.9% |
净利率FISVUSB
| Q4 25 | 15.3% | 27.8% | ||
| Q3 25 | 15.0% | 27.3% | ||
| Q2 25 | 18.6% | 25.9% | ||
| Q1 25 | 16.6% | 24.6% | ||
| Q4 24 | 17.9% | 23.7% | ||
| Q3 24 | 10.8% | 25.0% | ||
| Q2 24 | 17.5% | 23.3% | ||
| Q1 24 | 15.1% | 19.6% |
每股收益（稀释后）FISVUSB
| Q4 25 | $1.51 | $1.26 | ||
| Q3 25 | $1.46 | $1.22 | ||
| Q2 25 | $1.86 | $1.11 | ||
| Q1 25 | $1.51 | $1.03 | ||
| Q4 24 | $1.63 | $1.01 | ||
| Q3 24 | $0.98 | $1.03 | ||
| Q2 24 | $1.53 | $0.97 | ||
| Q1 24 | $1.24 | $0.78 |
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 | — |
| 总债务越低越好 | $27.8B | — |
| 股东权益账面价值 | $25.8B | $65.2B |
| 总资产 | $80.1B | $692.3B |
| 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FISVUSB
| Q4 25 | $798.0M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $999.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
总债务FISVUSB
| 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FISVUSB
| Q4 25 | $25.8B | $65.2B | ||
| Q3 25 | $25.1B | $63.3B | ||
| Q2 25 | $25.2B | $61.4B | ||
| Q1 25 | $25.9B | $60.1B | ||
| Q4 24 | $27.1B | $58.6B | ||
| Q3 24 | $27.8B | $58.9B | ||
| Q2 24 | $28.2B | $56.4B | ||
| Q1 24 | $28.8B | $55.6B |
总资产FISVUSB
| Q4 25 | $80.1B | $692.3B | ||
| Q3 25 | $79.4B | $695.4B | ||
| Q2 25 | $81.5B | $686.4B | ||
| Q1 25 | $80.4B | $676.5B | ||
| Q4 24 | $77.2B | $678.3B | ||
| Q3 24 | $79.8B | $686.5B | ||
| Q2 24 | $93.4B | $680.1B | ||
| Q1 24 | $92.7B | $683.6B |
负债/权益比FISVUSB
| 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 | $1.9B | $2.8B |
| 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 | 2.40× | 1.39× |
| 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FISVUSB
| Q4 25 | $1.9B | $2.8B | ||
| Q3 25 | $1.8B | $3.4B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $648.0M | $-285.0M | ||
| Q4 24 | $2.2B | $4.8B | ||
| Q3 24 | $2.2B | $972.0M | ||
| Q2 24 | $1.3B | $2.9B | ||
| Q1 24 | $831.0M | $2.7B |
自由现金流FISVUSB
| 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FISVUSB
| 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FISVUSB
| 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FISVUSB
| Q4 25 | 2.40× | 1.39× | ||
| Q3 25 | 2.28× | 1.69× | ||
| Q2 25 | 1.62× | 1.12× | ||
| Q1 25 | 0.76× | -0.17× | ||
| Q4 24 | 2.37× | 2.87× | ||
| Q3 24 | 3.97× | 0.57× | ||
| Q2 24 | 1.50× | 1.79× | ||
| Q1 24 | 1.13× | 2.02× |
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% |
USB
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