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U.S. Transaction and Payment Processing Services Industry Analysis

UpdatedAug 25, 2026
DataAggregated Company Financials
Companies53
  • 7D5.6%
  • 3M18.8%
  • 1Y0.3%
  • YTDn/a

The Transaction and Payment Processing Services industry is up 2.8% in the last week, with Visa up 6.6%. Meanwhile, Klarna Group actually underperformed within the industry, shrinking 28% in the last week. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 14% 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
Tue, 25 Aug 2026US$1.5tUS$251.7bUS$56.5b23.1x27.2x6.1x
Thu, 23 Jul 2026US$1.5tUS$244.2bUS$54.6b21.6x27x6x
Sat, 20 Jun 2026US$1.3tUS$244.1bUS$54.5b19.5x24.5x5.5x
Mon, 18 May 2026US$1.3tUS$244.0bUS$54.5b18.8x24.6x5.5x
Wed, 15 Apr 2026US$1.3tUS$236.6bUS$51.0b20.2x26.3x5.7x
Fri, 13 Mar 2026US$1.3tUS$235.0bUS$50.9b20.1x26.3x5.7x
Sun, 08 Feb 2026US$1.4tUS$233.5bUS$52.3b22.7x27x6.1x
Tue, 06 Jan 2026US$1.5tUS$228.0bUS$50.3b21x30.4x6.7x
Thu, 04 Dec 2025US$1.5tUS$228.1bUS$50.3b20.9x28.9x6.4x
Sat, 01 Nov 2025US$1.5tUS$225.6bUS$50.4b21.1x29.7x6.6x
Mon, 29 Sep 2025US$1.6tUS$222.4bUS$49.5b23.4x31.4x7x
Wed, 27 Aug 2025US$1.6tUS$219.7bUS$49.5b24.4x32.6x7.3x
Fri, 25 Jul 2025US$1.6tUS$211.1bUS$49.8b23.1x32.1x7.6x
Sun, 22 Jun 2025US$1.5tUS$211.3bUS$49.8b24.3x30.6x7.2x
Tue, 20 May 2025US$1.6tUS$209.3bUS$49.8b24.6x32.4x7.7x
Thu, 17 Apr 2025US$1.5tUS$205.9bUS$48.8b23.9x31.2x7.4x
Sat, 15 Mar 2025US$1.5tUS$206.0bUS$49.3b23.6x30.7x7.4x
Mon, 10 Feb 2025US$1.7tUS$204.4bUS$46.7b29.8x35.8x8.2x
Wed, 08 Jan 2025US$1.6tUS$201.6bUS$45.5b26.8x34.3x7.7x
Fri, 06 Dec 2024US$1.6tUS$201.7bUS$45.5b28.3x34.8x7.8x
Sun, 03 Nov 2024US$1.5tUS$200.3bUS$45.1b28x32.3x7.3x
Tue, 01 Oct 2024US$1.4tUS$197.8bUS$44.4b27.8x31.4x7.1x
Thu, 29 Aug 2024US$1.4tUS$197.4bUS$44.2b27.2x30.6x6.9x
Sat, 27 Jul 2024US$1.3tUS$195.2bUS$42.7b29x30x6.6x
Mon, 24 Jun 2024US$1.3tUS$194.2bUS$41.8b28.8x32.1x6.9x
Wed, 22 May 2024US$1.4tUS$194.4bUS$41.8b30.5x32.9x7.1x
Fri, 19 Apr 2024US$1.4tUS$189.5bUS$39.6b31.1x34.2x7.1x
Sun, 17 Mar 2024US$1.4tUS$193.7bUS$39.5b33.4x35.8x7.3x
Tue, 13 Feb 2024US$1.4tUS$196.1bUS$21.9b33.2x62.4x7x
Thu, 11 Jan 2024US$1.3tUS$193.8bUS$20.3b31.3x64.4x6.8x
Sat, 09 Dec 2023US$1.3tUS$193.8bUS$20.3b31.7x62.2x6.5x
Mon, 06 Nov 2023US$1.2tUS$192.7bUS$13.7b25.3x86.3x6.1x
Wed, 04 Oct 2023US$1.2tUS$184.4bUS$11.6b28.2x100.9x6.4x
Fri, 01 Sep 2023US$1.2tUS$184.5bUS$11.6b29.7x107.2x6.8x
Price to Earnings Ratio

107.2x


Total Market Cap: US$1.2tTotal Earnings: US$11.6bTotal Revenue: US$184.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transaction and Payment Processing Services Industry Price to Earnings3Y Average 38.7x202420252026
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 38.7x.
  • The 3-year average PS ratio of 6.8x is higher than the industry's current PS ratio of 6.1x.
Past Earnings Growth
  • The earnings for companies in the Transaction and Payment Processing Services industry have grown 69% per year over the last three years.
  • Revenues for these companies have grown 11% 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-1.55%
Financials0.80%
Diversified Financial3.24%
Transaction and Payment Processing Services5.57%
Multi-Sector Holdings1.07%
Other Diversified Financial Services-1.82%
Specialized Finance-3.94%
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$382.416.6%
+US$43.3b		9.6%PE31.3x
MA MastercardUS$599.866.7%
+US$32.9b		1.1%PE32.3x
JKHY Jack Henry & AssociatesUS$170.5113.8%
+US$1.5b		5.5%PE24.1x
TOST ToastUS$36.717.0%
+US$1.4b		-15.5%PE43.7x
GPN Global PaymentsUS$94.304.3%
+US$1.0b		6.2%PE50.5x

Latest News

JKHY
US$170.51
Jack Henry & Associates
7D
13.8%
1Y
5.5%
XYZ
US$81.38
Block
7D
1.5%
1Y
2.9%
PYPL
US$61.68
PayPal Holdings
7D
2.0%
1Y
-11.2%
MA
US$599.86
Mastercard
7D
6.7%
1Y
1.1%
KLAR
US$14.11
Klarna Group
7D
-27.7%
1Y
n/a
Narrative Update • Aug 21

KLAR: Accounting Shift And Execution Risks Will Test Apple Partnership Upside

Analysts cut the Klarna Group fair value estimate from $18.00 to $14.00, reflecting lower modeled revenue growth, slightly softer profit margins, a higher discount rate, and recent Street research that reduces price targets following cautious guidance and accounting changes. Analyst Commentary Recent Street research on Klarna Group points to a more cautious tone, with many firms cutting price targets following the latest Q2 results, updated guidance, and the shift to fair value accounting.
V
US$382.41
Visa
7D
6.6%
1Y
9.6%
GPN
US$94.30
Global Payments
7D
4.3%
1Y
6.2%
Narrative Update • Aug 20

GPN: Travel Headwinds And 2026 Reset Balance Margin And Capital Return Hopes

Analysts have lifted the Global Payments fair value estimate from $95.59 to $101.71 as they adjust models for the updated revenue growth cadence, margin trajectory, and expected capital returns reflected in the latest round of higher Street price targets. Analyst Commentary Recent research on Global Payments shows a mix of optimism and caution as firms refresh models after Q2 results, updated guidance, and the ongoing impact from Middle East related travel.
EVTC
US$29.56
EVERTEC
7D
-2.7%
1Y
-18.5%
Narrative Update • Aug 19

EVTC: Latin American Expansion And Buybacks Will Shape A Steadier Margin Path

Analysts raised their price target on EVERTEC from $25 to $30, citing recent Q2 outperformance, steadier margins, and broader Latin American exposure through both organic growth and acquisitions. What's in the News for EVERTEC EVERTEC reported Q2 CY2026 revenue that topped market expectations, with sales up 19.7% year on year and adjusted EPS 10.6% above analyst consensus.
AFRM
US$76.88
Affirm Holdings
7D
3.2%
1Y
-0.7%
Narrative Update • Aug 18

AFRM: Future Returns Will Depend On Credit Discipline Supporting Elevated Expectations

Analysts have nudged their fair value estimate for Affirm Holdings higher to about $66.16 from $64.49. This reflects updated assumptions for revenue growth, profitability, and future P/E that align with a recent series of higher Street price targets and supportive views on the company's growth and monetization opportunity.
IMXI
US$14.20
International Money Express
7D
-4.6%
1Y
-1.7%
SEZL
US$117.93
Sezzle
7D
-3.5%
1Y
27.8%
TOST
US$36.71
Toast
7D
7.0%
1Y
-15.5%
Narrative Update • Aug 13

TOST: Recurring Gross Profit And SaaS ARPU Will Restore Market Confidence

The analyst fair value estimate for Toast has been raised from $42.19 to $45.00 as analysts update their models to reflect stronger recurring gross profit, higher SaaS ARPU expectations, and Q2 results that came in ahead of prior forecasts. Analyst Commentary Recent research updates show a clear tilt toward a more constructive view on Toast, with multiple bullish analysts revising their models after Q2 results and adjusting price targets higher.
PAY
US$39.94
Paymentus Holdings
7D
-1.8%
1Y
5.7%
Analysis Article • Aug 07

Paymentus Holdings, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Paymentus Holdings, Inc. ( NYSE:PAY ) just released its latest second-quarter results and things are looking bullish...
RTB
US$12.31
RTB Digital
7D
-27.2%
1Y
9.3%
LSAK
US$4.57
Lesaka Technologies
7D
-4.2%
1Y
-3.8%
Seeking Alpha • Jun 11

Lesaka Technologies: The Fintech Re-Rating Nobody Sees

Summary Consumer revenue grew 41% and EBITDA surged 81%, driven by rising product penetration and expanding lending activity. Lesaka's operating income increased over eightfold to ZAR65 million while adjusted EBITDA reached a record ZAR337 million. Operating cash flow reached ZAR608 million in nine months while annual capital expenditures remain below ZAR400 million. Bank Zero could reduce gross debt by more than R1 billion and materially lower funding costs through deposit financing. LSAK shares trade at just 0.5x sales and 7x EV/EBITDA despite profitability inflection and accelerating operating leverage. Read the full article on Seeking Alpha
CURR
US$3.71
CURRENC Group
7D
-3.9%
1Y
110.8%