vs
罗宾汉（HOOD）与维萨（V）财务数据对比。点击上方公司名可切换其他公司
维萨的季度营收约是罗宾汉的12.1倍（$11.2B vs $927.0M），维萨净利率更高（53.4% vs 36.2%，领先17.2%），维萨同比增速更快（17.0% vs -27.7%），过去两年罗宾汉的营收复合增速更高（16.6% vs 12.3%）
罗宾汉市场（Robinhood Markets, Inc.）是总部位于美国加利福尼亚州门洛帕克的金融服务企业，旗下电子交易平台支持股票、ETF、期权、期货、加密货币等品类交易，还提供加密货币钱包、财富管理、信用卡等金融服务，部分银行服务与FDIC投保银行合作推出，同时运营新闻网站Sherwood.News。
维萨（Visa Inc.）是总部位于美国加利福尼亚州旧金山的跨国支付卡服务企业，业务覆盖全球电子资金转账领域，旗下拥有Visa品牌的信用卡、借记卡、预付卡等多条产品线，为全球消费者及商户提供安全便捷的电子支付解决方案。
HOOD vs V — 直观对比
营收规模更大
V
是对方的12.1倍
$927.0M
营收增速更快
V
高出44.7%
-27.7%
净利率更高
V
高出17.2%
36.2%
两年增速更快
HOOD
近两年复合增速
12.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $927.0M | $11.2B |
| 净利润 | $336.0M | $6.0B |
| 毛利率 | — | — |
| 营业利润率 | — | 64.4% |
| 净利率 | 36.2% | 53.4% |
| 营收同比 | -27.7% | 17.0% |
| 净利润同比 | -2.9% | 32.0% |
| 每股收益（稀释后） | $336.00 | — |
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HOODV
| Q2 26 | — | $11.2B | ||
| Q1 26 | $927.0M | — | ||
| Q4 25 | $1.3B | $10.9B | ||
| Q3 25 | $1.3B | $10.7B | ||
| Q2 25 | $989.0M | $10.2B | ||
| Q1 25 | $927.0M | $9.6B | ||
| Q4 24 | $1.0B | $9.5B | ||
| Q3 24 | $637.0M | $9.6B |
净利润HOODV
| Q2 26 | — | $6.0B | ||
| Q1 26 | $336.0M | — | ||
| Q4 25 | $605.0M | $5.9B | ||
| Q3 25 | $556.0M | $5.1B | ||
| Q2 25 | $386.0M | $5.3B | ||
| Q1 25 | $336.0M | $4.6B | ||
| Q4 24 | $916.0M | $5.1B | ||
| Q3 24 | $150.0M | $5.3B |
营业利润率HOODV
| Q2 26 | — | 64.4% | ||
| Q1 26 | — | — | ||
| Q4 25 | 51.5% | 61.8% | ||
| Q3 25 | 49.8% | 57.3% | ||
| Q2 25 | 44.7% | 60.7% | ||
| Q1 25 | 40.0% | 56.6% | ||
| Q4 24 | 55.0% | 65.6% | ||
| Q3 24 | 24.0% | 66.0% |
净利率HOODV
| Q2 26 | — | 53.4% | ||
| Q1 26 | 36.2% | — | ||
| Q4 25 | 47.2% | 53.7% | ||
| Q3 25 | 43.6% | 47.5% | ||
| Q2 25 | 39.0% | 51.8% | ||
| Q1 25 | 36.2% | 47.7% | ||
| Q4 24 | 90.3% | 53.8% | ||
| Q3 24 | 23.5% | 55.3% |
每股收益（稀释后）HOODV
| Q2 26 | — | — | ||
| Q1 26 | $336.00 | — | ||
| Q4 25 | $0.65 | — | ||
| Q3 25 | $0.61 | — | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $0.37 | — | ||
| Q4 24 | $1.00 | — | ||
| Q3 24 | $0.17 | — |
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 | $4.3B | $12.4B |
| 总债务越低越好 | — | $22.4B |
| 股东权益账面价值 | $9.2B | $35.7B |
| 总资产 | $38.1B | $95.0B |
| 负债/权益比越低杠杆越低 | — | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资HOODV
| Q2 26 | — | $12.4B | ||
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $14.8B | ||
| Q3 25 | $4.3B | $17.2B | ||
| Q2 25 | $4.2B | $17.1B | ||
| Q1 25 | $4.4B | $11.7B | ||
| Q4 24 | $4.3B | $12.4B | ||
| Q3 24 | $4.6B | $12.0B |
总债务HOODV
| Q2 26 | — | $22.4B | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
股东权益HOODV
| Q2 26 | — | $35.7B | ||
| Q1 26 | $9.2B | — | ||
| Q4 25 | $9.2B | $38.8B | ||
| Q3 25 | $8.6B | $37.9B | ||
| Q2 25 | $8.1B | $38.7B | ||
| Q1 25 | $8.0B | $38.0B | ||
| Q4 24 | $8.0B | $38.3B | ||
| Q3 24 | $7.2B | $39.1B |
总资产HOODV
| Q2 26 | — | $95.0B | ||
| Q1 26 | $38.1B | — | ||
| Q4 25 | $38.1B | $96.8B | ||
| Q3 25 | $41.5B | $99.6B | ||
| Q2 25 | $35.3B | $100.0B | ||
| Q1 25 | $27.5B | $92.9B | ||
| Q4 24 | $26.2B | $91.9B | ||
| Q3 24 | $43.2B | $94.5B |
负债/权益比HOODV
| Q2 26 | — | 0.63× | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 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 | $642.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.91× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流HOODV
| Q2 26 | — | — | ||
| Q1 26 | $642.0M | — | ||
| Q4 25 | $-937.0M | $6.8B | ||
| Q3 25 | $-1.6B | $6.2B | ||
| Q2 25 | $3.5B | $6.7B | ||
| Q1 25 | $642.0M | $4.7B | ||
| Q4 24 | $-1.4B | $5.4B | ||
| Q3 24 | $1.8B | $6.7B |
自由现金流HOODV
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $6.4B |
自由现金流率HOODV
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 58.7% | ||
| Q3 25 | — | 54.5% | ||
| Q2 25 | — | 62.0% | ||
| Q1 25 | — | 45.5% | ||
| Q4 24 | — | 53.1% | ||
| Q3 24 | — | 66.1% |
资本支出强度HOODV
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 3.2% |
现金转化率HOODV
| Q2 26 | — | — | ||
| Q1 26 | 1.91× | — | ||
| Q4 25 | -1.55× | 1.16× | ||
| Q3 25 | -2.83× | 1.23× | ||
| Q2 25 | 9.09× | 1.28× | ||
| Q1 25 | 1.91× | 1.03× | ||
| Q4 24 | -1.53× | 1.05× | ||
| Q3 24 | 12.08× | 1.25× |
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
HOOD
| Transaction-based revenues | $583.0M | 63% |
| Other | $290.0M | 31% |
| Other revenues | $54.0M | 6% |
V
| Data processing revenue | $5.5B | 49% |
| International transaction revenue | $3.6B | 32% |
| Other revenue | $1.3B | 12% |
| Other | $736.0M | 7% |
