Credit services
35 companies · $274B combined revenue · $74.3B operating profit
The typical US-listed credit services company grew revenue 15.2% and earnings 13.7% in its latest year, at a 26.6% operating margin, and 11 of 21 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
Growth engines: the 4 Cylinders
All four working: 17% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more59%
- Operating leverage · Operating income growing faster than a growing revenue57%
- Margin expansion · Operating margin up 1 point or more59%
- Debt reduction · Debt down 5% or more, or net cash27%
Combined revenue · 32 companies reporting in US dollars
Combined operating margin
All 35 companies
| Median | – | 15.2% | 13.7% | 26.6% | 16.5% | 1.02x |
| VVisa | $40.0B | 11.3%▼ | 1.6%▼ | 60%▲ | 37.2%▲ | 0.66x▲ |
| MAMastercard | $32.8B | 16.4%▲ | 16.3%▲ | 57.6%▲ | 60.2%▲ | 2.46x▼ |
| AXPAmerican Express | $41.3B | 6.4%▼ | 7%▼ | – | – | 1.73x▼ |
| COFCapital One Financial | $8.1B | 36.3%▲ | -48.4%▼ | – | – | 0.45x▲ |
| NUNu | $15.8B | 37%▲ | 45.6%▲ | 53.5%▲ | – | 0.39x▲ |
| PYPLPayPal | $33.2B | 4.3%▼ | 26.2%▲ | 18.3%▼ | 18%▲ | 0.57x▲ |
| XYZBlock | $24.2B | 0.3%▼ | -54.9%▼ | 7.1%▼ | 5.9%▼ | 0.33x▲ |
| IXORIX | JPY 1.50T | 11.2%▼ | 27.2%▲ | 30.3%▲ | – | 1.46x▼ |
| CPAYCorpay | $4.5B | 13.9%▼ | 6.6%▼ | 44%▲ | 16.5% | 3.44x▼ |
| FISVFiserv | $21.2B | 3.6%▼ | 11.1%▼ | 27.5%▲ | 10.3%▼ | 1.12x▼ |
| AFRMAffirm | $1.4B | 29.6%▲ | 3598%▲ | 28.9%▲ | – | 1.79x▼ |
| GPNGlobal Payments | $7.7B | -0.4%▼ | -10.8%▼ | 22.8%▼ | 3.8%▼ | 0.94x▲ |
| SOFISoFi Technologies | $619M | 23.1%▲ | -3.5%▼ | – | – | 0.17x▲ |
| FISFidelity National Information Services | $10.7B | 5.4%▼ | -73.7%▼ | 16.3%▼ | 6.7%▼ | 0.74x▲ |
| KSPIJoint Stock Co Kaspi.kz | KZT 4.05T | 59.8%▲ | 1%▼ | 53.3%▲ | – | – |
| TOSTToast | $6.2B | 24.1%▲ | 1700%▲ | 4.7%▼ | 13.4%▼ | – |
| ALLYAlly Financial | $1.2B | 3.8%▼ | 27.5%▲ | – | – | 1.10x▼ |
| CHYMChime Financial | $2.2B | 30.7%▲ | – | -47.6%▼ | -66%▼ | – |
| WEXWEX | $1.8B | -1.2%▼ | -1.8%▼ | 36%▲ | 13%▼ | 2.91x▼ |
| CACCCredit Acceptance | $2.3B | 7.2%▼ | 71%▲ | 24.4%▼ | – | 0.71x▲ |
| KLARKlarna | $3.5B | 24.8%▲ | -1400%▼ | -6.6%▼ | – | – |
| DAVEDave | $554M | 59.7%▲ | 238%▲ | 31.6%▲ | 46.9%▲ | 0.00x▲ |
| ENVAEnova International | $3.2B | 18.6%▲ | 47.2%▲ | 23.5%▼ | – | 3.37x▼ |
| DLOdLocal | $1.1B | 46.6%▲ | 63.4%▲ | 20.1%▼ | 38.2%▲ | 0.15x▲ |
| SEZLSezzle | $236M | 69.2%▲ | 69.5%▲ | 74.9%▲ | 56.9%▲ | – |
| BFHBread Financial | $3.8B | 0.2%▼ | 87%▲ | – | – | 1.29x▼ |
| GPGIGPGI | $60M | -85.8%▼ | – | -23%▼ | -2.8%▼ | – |
| PAGSPagSeguro Digital | BRL 20.4B | 8.5%▼ | 0.1%▼ | 38.1%▲ | 29.2%▲ | 0.17x▲ |
| SIISprott | $285M | 59.6%▲ | 36.6%▲ | 32.1%▲ | 21.4%▲ | – |
| PURRHyperliquid Strategies | $9M | – | – | 5292%▲ | 24.3%▲ | – |
| ASSTStrive | $4M | 1218%▲ | – | -621%▼ | -91.1%▼ | – |
| EEFTEuronet Worldwide | $4.2B | 6.4%▼ | 1.1%▼ | 12.5%▼ | 20.1%▲ | 1.55x▼ |
| UPSTUpstart | $1.0B | 64%▲ | – | 4.1%▼ | – | 2.29x▼ |
| ECPGEncore Capital | $88M | 4.3%▼ | – | 709%▲ | – | 4.13x▼ |
| BTDRBitdeer Technologies | $620M | 77.3%▲ | – | 25.8%▼ | 12.4%▼ | 0.55x▲ |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).