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U.S. Transaction and Payment Processing Services Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies57
  • 7D0.7%
  • 3M-4.1%
  • 1Y-13.3%
  • YTDn/a

Over the last 7 days, the Transaction and Payment Processing Services industry has risen 2.8%, driven by gains from Visa of 4.1%. In contrast, the industry has lost 12% in the last 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 06 May 2026US$1.4tUS$239.6bUS$53.0b20.5x25.9x5.7x
Fri, 03 Apr 2026US$1.3tUS$236.3bUS$52.4b19x24.6x5.5x
Sun, 01 Mar 2026US$1.4tUS$233.1bUS$49.8b21.1x27.4x5.8x
Tue, 27 Jan 2026US$1.4tUS$228.1bUS$50.3b21.3x28.4x6.3x
Thu, 25 Dec 2025US$1.5tUS$227.8bUS$50.3b21.7x30.7x6.8x
Sat, 22 Nov 2025US$1.4tUS$227.8bUS$50.4b19.9x27.9x6.2x
Mon, 20 Oct 2025US$1.5tUS$222.6bUS$49.5b22.1x31.3x6.9x
Wed, 17 Sep 2025US$1.6tUS$222.5bUS$49.5b24.6x32.1x7.1x
Fri, 15 Aug 2025US$1.6tUS$219.6bUS$49.4b24.1x32.1x7.2x
Sun, 13 Jul 2025US$1.6tUS$210.6bUS$49.7b28.3x31.4x7.4x
Tue, 10 Jun 2025US$1.6tUS$209.4bUS$49.8b23.8x32.8x7.8x
Thu, 08 May 2025US$1.5tUS$208.3bUS$49.3b25x31.3x7.4x
Sat, 05 Apr 2025US$1.5tUS$205.9bUS$48.8b23.4x31.7x7.5x
Mon, 03 Mar 2025US$1.7tUS$205.8bUS$49.2b25.5x34.2x8.2x
Wed, 29 Jan 2025US$1.6tUS$201.8bUS$45.5b29.1x36x8.1x
Fri, 27 Dec 2024US$1.6tUS$201.6bUS$45.5b27.5x35.2x7.9x
Sun, 24 Nov 2024US$1.6tUS$201.9bUS$45.5b28.7x34.8x7.8x
Tue, 22 Oct 2024US$1.5tUS$197.5bUS$44.4b29x33.3x7.5x
Thu, 19 Sep 2024US$1.4tUS$197.8bUS$44.4b29.2x32.2x7.2x
Sat, 17 Aug 2024US$1.3tUS$197.3bUS$44.2b27x30.1x6.7x
Mon, 15 Jul 2024US$1.3tUS$194.2bUS$41.8b29.2x31.5x6.8x
Wed, 12 Jun 2024US$1.3tUS$194.3bUS$41.8b29.3x32.2x6.9x
Fri, 10 May 2024US$1.4tUS$193.9bUS$41.8b30.2x32.7x7.1x
Sun, 07 Apr 2024US$1.4tUS$189.6bUS$39.7b31.9x35.5x7.4x
Tue, 05 Mar 2024US$1.4tUS$193.7bUS$39.5b33.5x35.4x7.2x
Thu, 01 Feb 2024US$1.4tUS$194.8bUS$21.0b31.7x65.1x7x
Sat, 30 Dec 2023US$1.3tUS$193.9bUS$20.3b31.8x64.8x6.8x
Mon, 27 Nov 2023US$1.2tUS$193.8bUS$20.3b30.5x60.9x6.4x
Wed, 25 Oct 2023US$1.1tUS$188.6bUS$11.8b26.6x97.1x6.1x
Fri, 22 Sep 2023US$1.2tUS$184.5bUS$11.6b29.2x102.9x6.5x
Sun, 20 Aug 2023US$1.2tUS$184.4bUS$11.7b29.2x103.1x6.5x
Tue, 18 Jul 2023US$1.3tUS$179.6bUS$13.8b32.3x91.3x7x
Thu, 15 Jun 2023US$1.2tUS$179.6bUS$13.8b29.6x84.1x6.5x
Sat, 13 May 2023US$1.2tUS$179.2bUS$12.5b27.9x93.6x6.5x
Price to Earnings Ratio

93.6x


Total Market Cap: US$1.2tTotal Earnings: US$12.5bTotal Revenue: US$179.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transaction and Payment Processing Services Industry Price to Earnings3Y Average 45.4x202420252026
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 25.9x which is lower than its 3-year average PE of 45.5x.
  • The 3-year average PS ratio of 6.9x is higher than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Transaction and Payment Processing Services industry have grown 62% 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 Market1.81%
Financials-0.54%
Diversified Financial-0.61%
Transaction and Payment Processing Services0.74%
Specialized Finance4.62%
Other Diversified Financial Services4.30%
Multi-Sector Holdings-2.45%
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
V VisaUS$322.034.1%
+US$17.3b		-7.4%PE27.5x
AFRM Affirm HoldingsUS$66.815.8%
+US$1.2b		31.0%PE78.8x
XYZ BlockUS$71.252.5%
+US$1.0b		50.7%PE32.5x
PAYP PayPayUS$21.295.0%
+US$690.4m		n/aPE20.5x
GPN Global PaymentsUS$69.472.3%
+US$434.9m		-12.4%PE17.8x

Latest News

PYPL
US$46.49
PayPal Holdings
7D
-8.7%
1Y
-32.3%
FIS
US$46.61
Fidelity National Information Services
7D
0.7%
1Y
-38.6%

Fidelity National: AI Narrative And Low Multiples Could Create A Catalyst In 2026

May 06
TOST
US$28.54
Toast
7D
-1.6%
1Y
-18.9%
FISV
US$57.28
Fiserv
7D
-7.0%
1Y
-69.0%

Fiserv Looks Like A Value Trap After Q1

May 05
MA
US$497.08
Mastercard
7D
-2.1%
1Y
-11.1%
V
US$322.03
Visa
7D
4.1%
1Y
-7.4%
GPN
US$69.47
Global Payments
7D
2.3%
1Y
-12.4%
XYZ
US$71.25
Block
7D
2.5%
1Y
50.7%

XYZ: AI Driven Workforce Reset Will Support Future Profitability Repricing

Analysts have modestly raised their price targets on Block, citing recent upgrades and Buy ratings that highlight confidence in the company's AI driven cost actions and product improvements. This is reflected in a slightly higher fair value estimate of $111.26 and an updated long term P/E assumption of about 17.8x.
FOUR
US$40.97
Shift4 Payments
7D
-11.4%
1Y
-50.6%

FOUR: Hospitality Partnerships And Share Repurchases Will Support A More Balanced Outlook

Shift4 Payments' updated analyst price targets have generally shifted lower in recent months, with cuts such as BTIG trimming its target from $80 to $70 and Morgan Stanley reducing its view from $80 to $50 as analysts factor in slower organic revenue growth, mixed Q4 results, cautious 2026 guidance, and lower peer multiples. Analyst Commentary Recent Street research on Shift4 Payments has tilted more cautious, with several bearish analysts cutting price targets and moving to more neutral or negative ratings following mixed Q4 results and a softer outlook for 2026.
PAYP
US$21.29
PayPay
7D
5.0%
1Y
n/a
RELY
US$23.74
Remitly Global
7D
8.5%
1Y
12.6%
KLAR
US$14.33
Klarna Group
7D
3.7%
1Y
n/a
CPAY
US$303.68
Corpay
7D
-2.5%
1Y
-6.9%
JKHY
US$149.34
Jack Henry & Associates
7D
-2.3%
1Y
-13.2%
AFRM
US$66.81
Affirm Holdings
7D
5.8%
1Y
31.0%

AFRM: Expanded Payment Partnerships And Fair Financing Execution Will Drive Future Upside

Narrative Update: Affirm Holdings The updated analyst price target for Affirm Holdings shifts from approximately $86 to about $79, as analysts weigh slightly higher revenue growth assumptions against lower margin expectations and reduced forward P/E multiples, while still reflecting a broadly constructive tone in recent research coverage. Analyst Commentary Recent research on Affirm reflects a mix of constructive long term views and shorter term caution, with updates clustering around changes to price targets, competitive pressures and macro risk to its credit book.
CHYM
US$20.79
Chime Financial
7D
-3.8%
1Y
n/a