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U.S. Transaction and Payment Processing Services Industry Analysis

UpdatedMar 08, 2026
DataAggregated Company Financials
Companies54
  • 7D0.4%
  • 3M-5.0%
  • 1Y-12.9%
  • YTDn/a

The Transaction and Payment Processing Services industry has stayed flat over the last week. As for the longer term, the industry has declined 13% in the last year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

Has the U.S. Transaction and Payment Processing Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Mar 2026US$1.4tUS$232.8bUS$50.3b20.3x27.2x5.9x
Wed, 04 Feb 2026US$1.4tUS$232.6bUS$51.9b21.5x27.9x6.2x
Fri, 02 Jan 2026US$1.5tUS$227.9bUS$50.3b20.8x30.2x6.7x
Sun, 30 Nov 2025US$1.5tUS$228.0bUS$50.3b20.4x29.2x6.4x
Tue, 28 Oct 2025US$1.6tUS$222.7bUS$49.3b22.1x32.1x7.1x
Thu, 25 Sep 2025US$1.6tUS$222.4bUS$49.5b23.8x31.7x7.1x
Sat, 23 Aug 2025US$1.6tUS$219.7bUS$49.5b25.3x32.3x7.3x
Mon, 21 Jul 2025US$1.6tUS$210.6bUS$49.7b26.7x31.7x7.5x
Wed, 18 Jun 2025US$1.6tUS$211.3bUS$49.8b24.7x32.1x7.6x
Fri, 16 May 2025US$1.6tUS$209.3bUS$49.8b24.7x32.2x7.7x
Sun, 13 Apr 2025US$1.5tUS$205.9bUS$48.8b24x30.9x7.3x
Tue, 11 Mar 2025US$1.6tUS$205.8bUS$49.3b22.7x32.3x7.8x
Thu, 06 Feb 2025US$1.7tUS$204.1bUS$46.5b30.2x35.6x8.1x
Sat, 04 Jan 2025US$1.6tUS$201.5bUS$45.5b27.6x34.4x7.8x
Mon, 02 Dec 2024US$1.6tUS$201.8bUS$45.5b28.6x35.2x7.9x
Wed, 30 Oct 2024US$1.5tUS$198.3bUS$44.2b28.5x33x7.4x
Fri, 27 Sep 2024US$1.4tUS$197.8bUS$44.4b28.9x31x7x
Sun, 25 Aug 2024US$1.3tUS$197.5bUS$44.2b27x30.2x6.8x
Tue, 23 Jul 2024US$1.3tUS$194.1bUS$41.8b29.4x31.6x6.8x
Thu, 20 Jun 2024US$1.3tUS$194.2bUS$41.8b28.3x31.8x6.8x
Sat, 18 May 2024US$1.4tUS$194.3bUS$41.8b29.6x32.9x7.1x
Mon, 15 Apr 2024US$1.3tUS$189.5bUS$39.7b31.5x32.2x6.7x
Wed, 13 Mar 2024US$1.4tUS$193.7bUS$39.5b33.6x35.6x7.3x
Fri, 09 Feb 2024US$1.4tUS$195.9bUS$21.8b32.6x63.4x7x
Sun, 07 Jan 2024US$1.3tUS$193.9bUS$20.3b31.6x63.5x6.7x
Tue, 05 Dec 2023US$1.3tUS$193.8bUS$20.3b31.4x62.3x6.5x
Thu, 02 Nov 2023US$1.1tUS$190.9bUS$14.0b23.8x81x5.9x
Sat, 30 Sep 2023US$1.2tUS$184.4bUS$11.6b28.9x101.4x6.4x
Mon, 28 Aug 2023US$1.2tUS$184.6bUS$11.6b29.5x105.1x6.6x
Wed, 26 Jul 2023US$1.3tUS$179.7bUS$13.8b32.4x90.9x7x
Fri, 23 Jun 2023US$1.2tUS$179.7bUS$13.8b30.2x85.1x6.5x
Sun, 21 May 2023US$1.2tUS$179.2bUS$13.7b27.8x86.5x6.6x
Tue, 18 Apr 2023US$1.2tUS$174.6bUS$12.4b32.4x96.5x6.8x
Price to Earnings Ratio

91x


Total Market Cap: US$1.1tTotal Earnings: US$12.4bTotal Revenue: US$174.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transaction and Payment Processing Services Industry Price to Earnings3Y Average 48.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American Transaction and Payment Processing Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 27.2x which is lower than its 3-year average PE of 48.5x.
  • The 3-year average PS ratio of 7.0x is higher than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the Transaction and Payment Processing Services industry have grown 60% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Transaction and Payment Processing Services compare with similar industries?

US Market-2.24%
Financials-1.84%
Diversified Financial-0.62%
Transaction and Payment Processing Services0.44%
Other Diversified Financial Services1.95%
Multi-Sector Holdings-1.22%
Specialized Finance-3.62%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MA MastercardUS$522.341.0%
+US$4.6b		-4.5%PE31.1x
TOST ToastUS$30.2910.9%
+US$1.8b		-12.8%PE52.2x
AFRM Affirm HoldingsUS$51.7010.0%
+US$1.6b		-0.5%PE61x
XYZ BlockUS$66.334.1%
+US$1.4b		10.5%PE30.3x
PYPL PayPal HoldingsUS$46.971.6%
+US$699.7m		-33.4%PE8.3x

Latest News

PAGS
US$9.85
PagSeguro Digital
7D
-7.2%
1Y
31.2%

PAGS: Conflicting Ratings And Dividend Payout Will Shape Future Risk Reward Profile

Analysts have lowered their price target on PagSeguro Digital to about $9.34 from roughly $9.50. They cite slightly lower revenue growth assumptions, a modestly higher discount rate, and a lower future P/E, partially offset by higher projected profit margins.
STNE
US$13.72
StoneCo
7D
-18.3%
1Y
41.3%

STNE: CEO Transition And Capital Returns Will Shape Balanced Future Risk Reward

Analysts have trimmed their StoneCo price targets by a few dollars, reflecting updated views on lower profit margins and a higher future P/E multiple. They still factor in solid revenue growth and point to the stock's valuation and capital return potential after the upcoming CEO transition.
WEX
US$167.07
WEX
7D
12.0%
1Y
5.2%

WEX: Expectations Reset And EV Payment Initiatives Will Support Future Upside

The analyst price target for WEX has increased by $2, reflecting updated views on discount rates, revenue growth, and profit margins as analysts reassess what they consider an appropriate reset in expectations. Analyst Commentary Recent Street research on WEX shows a mix of views, with some firms trimming price targets and others nudging them higher as they revisit assumptions on growth, margins, and risk.
XYZ
US$66.33
Block
7D
4.1%
1Y
10.5%

XYZ: AI Efficiency And Workforce Reset Will Drive Medium Term Upside

Analysts nudged our Block fair value estimate higher from $84.21 to $85.52. This reflects updated views on stronger profitability and revenue growth potential, partly offset by the use of a lower future P/E multiple as recent research highlights AI driven efficiency plans, workforce reductions, and evolving sentiment around payment stock valuations.
V
US$317.36
Visa
7D
-0.9%
1Y
-8.1%

V: Stablecoin Settlement And Cross Border Partnerships Will Sustain Network Moat

The analyst price target for Visa has been reduced by about $0.60 to roughly $400, as analysts refine their discount rate and P/E assumptions while still highlighting recurring inclusion on preferred idea lists and multiple Buy ratings as support for the long-term story. Analyst Commentary Recent research shows a mix of optimism around Visa long term positioning alongside some valuation and regulatory caution.
DLO
US$11.61
DLocal
7D
-5.1%
1Y
28.1%

DLO: Fair Value Will Depend On Executing Cross Border Payments Partnership Successfully

Analysts have kept their average price target for DLocal steady at $15.00, with small shifts in underlying assumptions, such as a slightly lower discount rate and P/E, and mixed target moves from firms that both raised and trimmed their targets by around $0.50 to $1.00. Analyst Commentary Recent Street research around DLocal reflects a cautious tone, even as the average price target has stayed clustered around US$15.00.
PYPL
US$46.97
PayPal Holdings
7D
1.6%
1Y
-33.4%

PYPL: Reported Takeover Interest Will Support Future Upside Repricing

The analyst price target for PayPal increases slightly to $52 from $51.88 as analysts weigh a long list of recent target cuts and downgrades against ongoing views that the shares are undervalued and could draw buyer interest at a higher valuation multiple. Analyst Commentary Recent research on PayPal highlights a split view, with some firms trimming price targets or moving to Neutral ratings while others argue that the stock screens as undervalued, especially in the context of reported takeover interest.
CPAY
US$314.40
Corpay
7D
-3.3%
1Y
-6.3%
FISV
US$63.10
Fiserv
7D
1.3%
1Y
-71.1%

FISV: Merchant Strength And Activist Pressure Will Support Rebound Potential

Our analyst price target for Fiserv has been reduced to $107.62 from $231.84 as analysts factor in lower revenue growth and profit margin assumptions, a higher discount rate, and more conservative future P/E expectations following recent updates to their payments and banking models. Analyst Commentary Recent Street research around Fiserv points to a more cautious stance on near term earnings and segment performance, but it also surfaces several areas where analysts still see potential support for the equity story.
JKHY
US$171.83
Jack Henry & Associates
7D
5.8%
1Y
-10.2%

JKHY: 2027 Share Gains And Platform Adoption Will Drive Multiple Re Rating

The analyst price target for Jack Henry & Associates has been nudged up by about $1 to $203.67, as analysts point to their updated expectations for revenue growth, profitability, and future P/E assumptions, supported by recent upgrades that highlight confidence in potential share gains, 2027 revenue acceleration, and what they view as an attractive valuation. Analyst Commentary Recent research has tilted more positive on Jack Henry & Associates, with several price target increases and upgrades pointing to a mix of growth expectations, execution confidence, and views on how the current valuation stacks up against those factors.
MA
US$522.34
Mastercard
7D
1.0%
1Y
-4.5%
PICS
US$14.13
PicS
7D
-17.3%
1Y
n/a
AFRM
US$51.70
Affirm Holdings
7D
10.0%
1Y
-0.5%

AFRM: Future Returns Will Depend On Embedded Payments Outweighing Credit And BNPL Fears

Analysts have trimmed their fair value estimate for Affirm Holdings, with the implied price target moving from about $64.44 to $55.74 as they factor in lower peer multiples, ongoing BNPL competition and macro risk around its credit products, even as some still see longer term category growth potential. Analyst Commentary Recent Street research around Affirm highlights a mix of optimism on the broader buy now, pay later theme and caution on how that translates into equity value for the stock.
GPN
US$76.40
Global Payments
7D
-0.08%
1Y
-24.2%

GPN: Cautious 2026 Outlook And Sector Sentiment Will Constrain Share Upside

Analysts have nudged their targets on Global Payments higher into an $87 to $97 range, citing Q4 as a clearing event, updated 2026 guidance around 5% adjusted revenue growth with margin expansion, and the integration benefits of the Worldpay acquisition for the combined merchant acquiring business. Analyst Commentary Street research around Global Payments has been cautious, even as targets have moved into the high $80s to high $90s range.
TOST
US$30.29
Toast
7D
10.9%
1Y
-12.8%

TOST: Restaurant Execution And AI Adoption Will Support Future Margin Expansion

Our updated fair value estimate for Toast has moved lower to $37.58 from $46.38, reflecting a broad wave of reduced Street price targets as analysts factor in slightly softer long term revenue growth assumptions, improved margin expectations, and lower sector P/E multiples, while still generally viewing recent Q4 performance as solid. Analyst Commentary Street research on Toast has become more mixed, with most firms trimming price targets while still generally acknowledging solid Q4 execution.
XBP
US$6.12
XBP Global Holdings
7D
-20.8%
1Y
-49.0%