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U.S. Transaction and Payment Processing Services Industry Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies56
  • 7D-0.8%
  • 3M3.7%
  • 1Y-13.5%
  • YTDn/a

In the last week, the Transaction and Payment Processing Services industry is flat overall, with Block standing out by going down 3.2%. Unfortunately though, the industry is down 14% over the past 12 months. 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, 25 May 2026US$1.4tUS$244.1bUS$54.6b19.4x24.8x5.6x
Wed, 22 Apr 2026US$1.4tUS$236.6bUS$51.0b20.4x27.2x5.9x
Fri, 20 Mar 2026US$1.3tUS$235.2bUS$50.9b19.4x25.3x5.5x
Sun, 15 Feb 2026US$1.3tUS$233.9bUS$52.3b21.3x25.5x5.7x
Tue, 13 Jan 2026US$1.5tUS$228.0bUS$50.3b22.6x30.4x6.7x
Thu, 11 Dec 2025US$1.4tUS$227.9bUS$50.3b21.2x28.7x6.3x
Sat, 08 Nov 2025US$1.5tUS$227.6bUS$51.0b18.7x29x6.5x
Mon, 06 Oct 2025US$1.6tUS$222.4bUS$49.5b23x32.3x7.2x
Wed, 03 Sep 2025US$1.6tUS$219.8bUS$49.6b25x32.8x7.4x
Fri, 01 Aug 2025US$1.6tUS$212.6bUS$50.4b22.4x31.6x7.5x
Sun, 29 Jun 2025US$1.6tUS$211.3bUS$49.8b25.6x31.7x7.5x
Tue, 27 May 2025US$1.6tUS$209.3bUS$49.8b24.3x31.3x7.5x
Thu, 24 Apr 2025US$1.5tUS$206.1bUS$48.8b24.4x31.2x7.4x
Sat, 22 Mar 2025US$1.6tUS$206.1bUS$48.7b24.7x32.4x7.7x
Mon, 17 Feb 2025US$1.7tUS$204.8bUS$47.1b30.8x35.6x8.2x
Wed, 15 Jan 2025US$1.5tUS$201.6bUS$45.5b25.9x33.7x7.6x
Fri, 13 Dec 2024US$1.6tUS$201.7bUS$45.5b28.1x35.1x7.9x
Sun, 10 Nov 2024US$1.5tUS$201.6bUS$45.8b28.2x33.4x7.6x
Tue, 08 Oct 2024US$1.4tUS$197.7bUS$44.4b27.7x31.8x7.1x
Thu, 05 Sep 2024US$1.4tUS$197.6bUS$44.4b28.4x31.1x7x
Sat, 03 Aug 2024US$1.3tUS$197.1bUS$43.5b28x30x6.6x
Mon, 01 Jul 2024US$1.3tUS$194.0bUS$41.8b28.5x31.1x6.7x
Wed, 29 May 2024US$1.3tUS$194.4bUS$41.8b29.3x32.2x6.9x
Fri, 26 Apr 2024US$1.4tUS$190.7bUS$40.2b30.7x34.2x7.2x
Sun, 24 Mar 2024US$1.4tUS$193.8bUS$39.7b32.2x36.1x7.4x
Tue, 20 Feb 2024US$1.4tUS$196.6bUS$22.0b33.8x63x7x
Thu, 18 Jan 2024US$1.3tUS$193.8bUS$20.3b31.3x64.5x6.8x
Sat, 16 Dec 2023US$1.3tUS$193.8bUS$20.3b30.7x63.5x6.7x
Mon, 13 Nov 2023US$1.2tUS$193.7bUS$20.7b27.1x57.4x6.1x
Wed, 11 Oct 2023US$1.2tUS$184.4bUS$11.6b28.8x102.2x6.4x
Fri, 08 Sep 2023US$1.2tUS$184.5bUS$11.6b30x107.4x6.8x
Sun, 06 Aug 2023US$1.2tUS$183.7bUS$10.9b30.3x111.7x6.6x
Tue, 04 Jul 2023US$1.2tUS$179.6bUS$13.8b30.9x88.6x6.8x
Thu, 01 Jun 2023US$1.1tUS$179.3bUS$13.8b28.6x82.1x6.3x
Price to Earnings Ratio

82.1x


Total Market Cap: US$1.1tTotal Earnings: US$13.8bTotal Revenue: US$179.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transaction and Payment Processing Services Industry Price to Earnings3Y Average 44.3x202420252026
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 24.8x which is lower than its 3-year average PE of 44.3x.
  • The 3-year average PS ratio of 6.9x is higher than the industry's current PS ratio of 5.6x.
Past Earnings Growth
  • The earnings for companies in the Transaction and Payment Processing Services industry have grown 58% 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 Market1.11%
Financials0.34%
Diversified Financial-0.58%
Transaction and Payment Processing Services-0.84%
Specialized Finance0.32%
Multi-Sector Holdings-0.19%
Other Diversified Financial Services-2.74%
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
GPN Global PaymentsUS$73.266.7%
+US$1.3b		-1.1%PE31.8x
KLAR Klarna GroupUS$16.576.6%
+US$385.7m		n/aPS1.6x
TOST ToastUS$23.162.3%
+US$301.4m		-45.5%PE32.6x
WEX WEXUS$150.565.6%
+US$276.0m		12.9%PE16.8x
AFRM Affirm HoldingsUS$65.221.3%
+US$271.3m		32.3%PE57.1x

Latest News

V
US$328.88
Visa
7D
-1.1%
1Y
-7.0%
STNE
US$11.00
StoneCo
7D
7.7%
1Y
-17.2%
Seeking Alpha • 15h

StoneCo: Fear Is Creating A Massive Valuation Disconnect

Summary StoneCo is reaffirmed as a Strong Buy, with robust fundamentals and a compelling valuation despite recent macro headwinds. STNE's capital ratio reduction to 17% unlocks capital for growth and buybacks, supporting a projected 30% shareholder yield in 2026. Macroeconomic risks, especially from the Iran conflict and elevated Selic rates, may pressure near-term earnings but do not undermine long-term growth prospects. Intrinsic value highlights significant upside versus the current levels, with the market demanding an excessive margin of safety that doesn't seem justified, even as Iran's risks are rising. Read the full article on Seeking Alpha
GPN
US$73.26
Global Payments
7D
6.7%
1Y
-1.1%
Narrative Update • May 24

GPN: Worldpay Execution And FY26 Cash Generation Plan Will Drive Repricing

Global Payments' updated analyst fair value estimate has shifted from $101.88 to $94.92 as analysts factor in more moderate revenue and profit margin assumptions, a higher expected future P/E, and a series of reduced price targets and neutral ratings across recent research coverage. Analyst Commentary Recent research coverage on Global Payments has leaned cautious, with several firms lowering price targets and others maintaining or initiating Neutral ratings.
XYZ
US$68.08
Block
7D
-3.6%
1Y
15.9%
DLO
US$12.06
DLocal
7D
4.7%
1Y
7.1%
EEFT
US$66.20
Euronet Worldwide
7D
-4.1%
1Y
-37.0%
WEX
US$150.56
WEX
7D
5.6%
1Y
12.9%
TOST
US$23.16
Toast
7D
2.3%
1Y
-45.5%
Seeking Alpha • May 24

Toast: Impressive Sales Trends In A Tough Restaurant Macro

Summary Toast remains a compelling buy amid market rotation, with misunderstood growth and oversold shares despite robust fundamentals. TOST trades at 14.5x EV/FY26 adjusted EBITDA, with EBITDA growing over 30% y/y and stock-based comp declining to under 2% of market cap. Q1 revenue grew 22% y/y to $1.63B, showing no deceleration despite industry headwinds; 7k new paid locations added, up 22% y/y. Toast IQ and Toast Local are driving ARR up 26% y/y to $2.15B, with strong traction in marketing tools and expansion beyond restaurants. Read the full article on Seeking Alpha
MA
US$498.54
Mastercard
7D
-1.4%
1Y
-11.5%
Seeking Alpha • May 23

Mastercard: The Other Visa

Summary Mastercard delivered robust Q1 2026 results, with net revenue up 15.8% and adjusted EPS up 23.3% year-over-year, beating consensus for the 20th consecutive quarter. MA’s global business model, high margins, and expanding partnerships—such as with CIB in Egypt and Westpac in Australia—support sustained growth and resilience. At a forward P/E of 23.9, MA trades below its 10-year average, offering a potential 34% upside through June 2027 if it reverts to a fair value multiple of 31. Risks include the Credit Card Competition Act and AI-driven fraud, but MA’s international exposure and proactive technology investments mitigate these threats. Read the full article on Seeking Alpha
PYPL
US$44.23
PayPal Holdings
7D
-0.3%
1Y
-36.7%
New Narrative • May 23

$PYPL Options Are Cheap

I’ve been reading up on some pretty decent research on PYPL, and initially I wasn’t planning to write “yet another PYPL article” about it. Yet something caught my eye — its long-term options are cheap given the risk:reward exposure.
KLAR
US$16.57
Klarna Group
7D
6.6%
1Y
n/a
FISV
US$57.13
Fiserv
7D
0.8%
1Y
-64.1%
CPAY
US$347.90
Corpay
7D
-0.2%
1Y
7.3%
Narrative Update • May 20

CPAY: Raised Profitability Assumptions And Blockchain Expansion Will Support Future Rerating

Analysts have raised the Corpay price target by about $10 to $390, reflecting updated assumptions that include a slightly lower discount rate, a modestly higher profit margin, and a reduced future P/E multiple, while also taking into account recent supportive research coverage and new initiations on the stock. Analyst Commentary Recent research on Corpay reflects a mix of optimistic and more cautious views, with several price target revisions and a new initiation that help frame how analysts are thinking about the stock's valuation, execution, and growth profile.
AFRM
US$65.22
Affirm Holdings
7D
1.3%
1Y
32.3%
PAY
US$23.45
Paymentus Holdings
7D
-4.0%
1Y
-36.9%
PAYP
US$19.11
PayPay
7D
-1.0%
1Y
n/a