Payments Network / Acquirer / Closed-Loop / Fintech Wallet

Card networks, merchant acquirers / processors, closed-loop card issuers, and consumer-fintech wallets that monetize either (a) a percentage take on intermediated payment dollars (TPV / GDV / payments volume / GPV) or (b) a per-transaction processing fee, or (c) a merchant discount rate captured end-to-end on a closed-loop network. The defining disclosure pattern is an MD&A table that pairs a doll

Each company on its own headline number

TickerCompanyTheir metricPeriodYoYA year ago
AFRMAffirm Holdings, Inc.Active MerchantsFY2026-Q3+43.8%+22.6%
PYPLPayPal Holdings, Inc.Transactions per active accountFY2026-Q2+2.9%-4.3%
XYZBlock, Inc.Cash App Monthly Transacting ActivesFY2026-Q2+3.5%+0.0%
NATLNCR Atleos CorporationRecurring RevenueFY2026-Q2+0.5%-2.5%
CRCLCircle Internet GroupReserve Return RateFY2026-Q2-0.6 pts-1.1 pts
VVisa Inc.Processed TransactionsFY2026-Q3+9.6%+10.3%
WEXWEX Inc.Average Health Savings Account custodial cash assetsFY2026-Q2+10.9%+11.6%
MAMastercard IncorporatedMastercard and Maestro-Branded Cards IssuedFY2026-Q2+2.8%+5.9%
RELYRemitly Global, Inc.Quarterly active customersFY2026-Q2+20.0%+23.2%
PAYPaymentus Holdings, Inc.Transactions ProcessedFY2026-Q2+21.4%+25.2%
EEFTEuronet Worldwide, Inc.Active Automated Teller MachinesFY2026-Q2+0.5%+5.1%

Where they use the same metric

  • Non-GAAP Net Income — reported by 4 of 35
  • Adjusted Diluted Earnings Per Share — reported by 4 of 35
  • Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization — reported by 4 of 35
  • Adjusted Operating Margin — reported by 3 of 35
  • Adjusted Operating Income — reported by 3 of 35
  • Free Cash Flow — reported by 3 of 35
  • Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization Margin — reported by 3 of 35

A side-by-side appears only when three or more companies report the same metric in the same unit under their own definition. Companies are listed in value order, not ranked: whether a higher number is better is not asserted.

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