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Payments infrastructure and fintech

The 26 companies in this industry listed on the NYSE and Nasdaq are worth $201 bn combined; the largest are PayPal Holdings (PYPL), Block Inc. (XYZ) and Fiserv (FISV). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Evenly matched
26 companies value 201 bn revenue 126 bn margin 9.4% free cash flow 23 bn avg. score 4.6
PYPL holds 24.0% of the group's value, 1.0x the runner-up · FISV leads the industry without being the largest
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 PYPL PayPal Holdings
United States · score 7.5
 24% 48 bn 34 bn 14.4% 6.6 bn 13.6% 0.8% PayPal and Venmo online payments · Largest digital wallet in the West by users
2 XYZ Block Inc.
United States · score 6.3
 23% 47 bn 25 bn 1.4% 3.9 bn 8.3% — Square payments, Cash App and bitcoin · Square for merchants + Cash App for individuals
3 FISV Fiserv
United States · score 6.1
 13% 25 bn 21 bn 13.2% 3.9 bn 15.5% 0.0% Payments, Clover merchant acquiring and banking technology · Largest US merchant payment processor (Clover)
4 GPN Global Payments
United States · score 2.3
 11% 22 bn 10 bn -9.2% 0.8 bn 3.7% 1.1% Merchant acquiring and payment technology · Global merchant payment processor
5 FIS Fidelity National Information Services
United States · score 7.2
 9% 19 bn 12 bn 27.6% 2.8 bn 15.2% 4.7% Software and processing for banks and capital markets · Banking software for financial institutions
6 PAYP PayPay Corp
Japan · score 6.8
 5% 11 bn 2.4 bn 30.9% 2.3 bn 22.2% — Mobile payments app in Japan, part of the SoftBank group · Japan — revenue of $2.4bn
7 WEX WEX Inc.
United States · score 4.7
 3% 6.2 bn 2.8 bn 12.6% 0.1 bn 1.7% — Embedded payments for mobility, benefits and payables · Maine — revenue of $2.8bn
8 ACIW ACI WORLDWIDE, INC.
United States · score 6.2
 3% 5.3 bn 1.8 bn 12.4% 0.3 bn 5.9% — Payments orchestration software for banks and retailers · Nebraska — revenue of $1.8bn
9 PAY Paymentus Holdings, Inc.
United States · score 5.9
 2% 4.0 bn 1.4 bn 6.2% 0.2 bn 4.0% — Cloud-based bill payment technology · Texas — revenue of $1.4bn
10 FOUR Shift4 Payments, Inc.
United States · score 5.4
 2% 3.1 bn 4.8 bn 2.2% 0.6 bn 18.2% — Payments software and processing for restaurants and stadiums · Pennsylvania — revenue of $4.8bn
11 PAYO Payoneer Global Inc.
United States · score 6.1
 1% 2.4 bn 1.1 bn 4.6% 0.2 bn 7.5% — Fintech for small and midsize exporters · New York — revenue of $1.1bn
12 FLYW Flywire Corp
United States · score 6.7
 1% 2.2 bn 0.7 bn 4.8% 0.2 bn 7.5% — International payments for education, healthcare and travel · Massachusetts — revenue of $714m
13 MQ Marqeta, Inc.
United States · score 6.3
 1% 1.9 bn 0.7 bn 1.5% 0.2 bn 10.2% — Payment card issuing and processing platform · California — revenue of $677m
14 PAYS Paysign, Inc.
United States · score 7.6
 0% 0.9 bn 0.1 bn 15.7% 0.1 bn 8.5% — Prepaid cards and processing for business and government · Nevada — revenue of $101m
15 GDOT GREEN DOT CORP
United States · score 4.9
 0% 0.7 bn 2.3 bn -1.1% 0.1 bn 12.0% — Account and payments platform for businesses, with its own bank · Utah — revenue of $2.3bn
16 CASS CASS INFORMATION SYSTEMS INC
United States · score 6.8
 0% 0.7 bn 0.2 bn 18.5% 0.0 bn 6.0% 2.4% Processing of freight and utility invoices and payments · Missouri — revenue of $199m
17 PRTH Priority Technology Holdings, Inc.
United States · score 4.2
 0% 0.6 bn 1.0 bn 5.6% 0.1 bn 16.1% — Payments, payables and treasury, $150 billion a year · Georgia — revenue of $1bn
18 LSAK LESAKA TECHNOLOGIES INC
South Africa · score 4.6
 0% 0.4 bn 0.7 bn 0.4% 0.0 bn 8.5% — Financial technology for underserved consumers and merchants · South Africa — revenue of $722m
19 RPAY Repay Holdings Corp
United States · score 4.3
 0% 0.4 bn 0.3 bn -49.6% 0.1 bn 29.5% — Payment technology for businesses · Georgia — revenue of $338m
20 PSFE Paysafe Ltd
United Kingdom · score 2.8
 0% 0.3 bn 1.8 bn -11.8% 0.2 bn 77.4% — Digital payments for the entertainment economy · United Kingdom — revenue of $1.8bn
21 PMTS CPI Card Group Inc.
United States · score 5.5
 0% 0.3 bn 0.6 bn 2.3% 0.1 bn 25.6% — Physical and digital payment technology for financial institutions · Colorado — revenue of $587m
22 USIO Usio, Inc.
United States · score 0.6
 0% 0.1 bn 0.1 bn -1.6% 0.0 bn -0.3% — Payment methods, prepaid cards and electronic billing · Texas — revenue of $93m
23 PSQH PSQ Holdings, Inc.
United States · score 0.0
 0% 0.0 bn 0.0 bn -132.7% -0.0 bn -142.7% — Payments and financial infrastructure · Montana — revenue of $27m
24 OLB OLB GROUP, INC.
United States · score 0.0
 0% 0.0 bn 0.0 bn -95.1% 0.0 bn -23.2% — Financial technology and merchant services · New York — revenue of $7m
25 SHFS SHF Holdings, Inc.
United States · score 0.0
 0% 0.0 bn 0.0 bn -47.3% 0.0 bn -44x — Compliance and lending for the legal cannabis industry · Colorado — revenue of $8m
26 SNTG Sentage Holdings Inc.
China · score 0.0
 0% 0.0 bn 0.0 bn -33x 0.0 bn -27.2% — Financial services in China · China

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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