Payments

Merchant acquiring; payment gateways; payment orchestration; payment software; cross-border/remittance technology; point-of-sale fintech.

Payments multiples over time
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Showing 14 of 14 companies
Company Mkt Cap EV EV / LTM Rev EV / NTM Rev EV / LTM EBITDA EV / NTM EBITDA NTM Growth Gross Margin EBITDA Margin FCF Margin Rule of 40
Median2.9x2.7x15.9x11.2x24.9%53.0%30.6%18.3%43.2%
Mean5.2x4.2x21.3x14.9x23.2%56.9%31.8%21.9%45.1%
VVisa Inc.$692.19B$702.26B17.6x14.0x27.0x20.4x25.0%80.2%65.4%52.5%77.5%
MAMastercard Incorporated$502.05B$515.08B15.7x12.9x25.2x19.9x22.0%82.7%63.0%50.2%72.2%
AXPAmerican Express Company$234.71B$248.20B3.1x3.0x15.9x14.1x4.1%84.3%29.4%18.7%22.8%
SQBlock, Inc.$51.73B$40.50B1.7x1.2x24.0x32.4x36.3%44.9%8.9%13.5%49.8%
DFSDiscover Financial Services$50.34B$45.50B2.3x2.5x7.1x11.2x-7.6%89.5%31.8%40.7%33.2%
PYPLPayPal Holdings, Inc.$49.91B$52.87B1.6x1.5x6.9x5.8x7.0%45.8%21.9%19.9%26.9%
FIFiserv, Inc.$34.31B$62.67B3.0x3.0x7.0x7.8x-1.9%49.4%44.0%30.0%28.1%
ADYEYAdyen N.V.$34.01B$23.44B9.1x7.5x15.9x12.8x22.2%73.1%54.0%-15.6%6.6%
FISFidelity National Information Services, Inc.$22.29B$27.29B2.6x1.9x9.4x6.2x32.7%37.1%44.3%27.2%59.9%
GPNGlobal Payments Inc.$21.77B$39.49B5.1x3.1x11.5x8.0x66.6%67.3%40.1%13.8%80.4%
TOSTToast, Inc.$19.53B$17.77B2.9x2.2x43.0x6.2x32.9%26.2%7.3%10.6%43.6%
PAYPaymentus Holdings, Inc.$5.66B$5.29B4.4x3.3x41.8x44.2x32.7%24.9%9.8%12.5%45.3%
FOURShift4 Payments, Inc.$5.01B$8.36B2.0x1.6x10.2x5.0x28.0%35.1%19.2%14.7%42.7%
MQMarqeta, Inc.$1.71B$728M1.2x0.9x52.6x24.8%56.7%5.1%18.0%42.8%