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万事达卡（MA）与Token Cat Ltd（TC）财务数据对比。点击上方公司名可切换其他公司
万事达卡的季度营收约是Token Cat Ltd的3189.4倍（$8.8B vs $2.8M）。万事达卡净利率更高（46.1% vs -3.4%，领先49.5%）。万事达卡同比增速更快（17.6% vs -37.9%）
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
MA vs TC — 直观对比
营收规模更大
MA
是对方的3189.4倍
$2.8M
营收增速更快
MA
高出55.5%
-37.9%
净利率更高
MA
高出49.5%
-3.4%
损益表 — Q4 2025 vs Q2 2025
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $2.8M |
| 净利润 | $4.1B | $-93.0K |
| 毛利率 | — | 79.0% |
| 营业利润率 | 55.8% | -206.9% |
| 净利率 | 46.1% | -3.4% |
| 营收同比 | 17.6% | -37.9% |
| 净利润同比 | 21.5% | 98.3% |
| 每股收益（稀释后） | $4.52 | — |
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MATC
| Q4 25 | $8.8B | — | ||
| Q3 25 | $8.6B | — | ||
| Q2 25 | $8.1B | $2.8M | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $7.5B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $7.0B | $4.4M | ||
| Q1 24 | $6.3B | — |
净利润MATC
| Q4 25 | $4.1B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.7B | $-93.0K | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.3B | $-5.6M | ||
| Q1 24 | $3.0B | — |
毛利率MATC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 79.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 69.2% | ||
| Q1 24 | — | — |
营业利润率MATC
| Q4 25 | 55.8% | — | ||
| Q3 25 | 58.8% | — | ||
| Q2 25 | 58.7% | -206.9% | ||
| Q1 25 | 57.2% | — | ||
| Q4 24 | 52.6% | — | ||
| Q3 24 | 54.3% | — | ||
| Q2 24 | 58.0% | -146.9% | ||
| Q1 24 | 56.8% | — |
净利率MATC
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.7% | — | ||
| Q2 25 | 45.5% | -3.4% | ||
| Q1 25 | 45.2% | — | ||
| Q4 24 | 44.6% | — | ||
| Q3 24 | 44.3% | — | ||
| Q2 24 | 46.8% | -125.9% | ||
| Q1 24 | 47.4% | — |
每股收益（稀释后）MATC
| Q4 25 | $4.52 | — | ||
| Q3 25 | $4.34 | — | ||
| Q2 25 | $4.07 | — | ||
| Q1 25 | $3.59 | — | ||
| Q4 24 | $3.64 | — | ||
| Q3 24 | $3.53 | — | ||
| Q2 24 | $3.50 | — | ||
| Q1 24 | $3.22 | — |
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 | $10.6B | $150.0K |
| 总债务越低越好 | — | $1.4M |
| 股东权益账面价值 | $7.7B | $4.6M |
| 总资产 | $54.2B | $28.4M |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资MATC
| Q4 25 | $10.6B | — | ||
| Q3 25 | $10.3B | — | ||
| Q2 25 | $9.0B | $150.0K | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $11.1B | — | ||
| Q2 24 | $7.0B | $689.0K | ||
| Q1 24 | $7.3B | — |
总债务MATC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.8M | ||
| Q1 24 | — | — |
股东权益MATC
| Q4 25 | $7.7B | — | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.9B | $4.6M | ||
| Q1 25 | $6.7B | — | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $7.4B | $-787.0K | ||
| Q1 24 | $7.2B | — |
总资产MATC
| Q4 25 | $54.2B | — | ||
| Q3 25 | $53.3B | — | ||
| Q2 25 | $51.4B | $28.4M | ||
| Q1 25 | $48.5B | — | ||
| Q4 24 | $48.1B | — | ||
| Q3 24 | $47.2B | — | ||
| Q2 24 | $42.3B | $12.5M | ||
| Q1 24 | $42.6B | — |
负债/权益比MATC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | $5.0B | $-23.7M |
| 自由现金流经营现金流 - 资本支出 | $4.9B | — |
| 自由现金流率自由现金流/营收 | 55.5% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | 1.23× | — |
| 过去12个月自由现金流最近4个季度 | $17.2B | — |
8季度趋势，按日历期对齐
经营现金流MATC
| Q4 25 | $5.0B | — | ||
| Q3 25 | $5.7B | — | ||
| Q2 25 | $4.6B | $-23.7M | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $3.1B | $-1.5M | ||
| Q1 24 | $1.7B | — |
自由现金流MATC
| Q4 25 | $4.9B | — | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $3.0B | $-1.5M | ||
| Q1 24 | $1.5B | — |
自由现金流率MATC
| Q4 25 | 55.5% | — | ||
| Q3 25 | 63.8% | — | ||
| Q2 25 | 56.1% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 63.3% | — | ||
| Q3 24 | 68.2% | — | ||
| Q2 24 | 43.4% | -34.4% | ||
| Q1 24 | 23.9% | — |
资本支出强度MATC
| Q4 25 | 1.3% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.7% | 0.0% | ||
| Q1 24 | 2.5% | — |
现金转化率MATC
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 1.45× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 0.96× | — | ||
| Q1 24 | 0.56× | — |
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
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
TC
暂无分部数据
