As we wrap up Q2 2021 earnings season, we thought we’d take a step back and look at which public companies have the highest valuation multiples in the cross-border payments sector.

The core trends are clear:

1. Growth, not profits, is the primary value lever.
2. But if you can profitably grow, that’s a super premium.
3. Industry drivers matter. Those operating in traditional remittances are mostly at the lower end (a slow growth sector), digital payments is in the middle and ecommerce payment providers are largely near the top.
4. Recency of public debut plays a role. Half of the top eight listed on the public markets in the past year, often using each other as comps.

Are you Leader or Challenger? Brief our Analyst team by August 31st.

Daniel Webber

LinkedIn

Daniel is Founder and CEO at FXC Intelligence. Daniel is a leading influencer in the global payments space internationally. He is frequently invited to speak at industry conferences and provide insights and data on the sector. Daniel is widely quoted across the sector including in The Economist, Wall Street Journal, Reuters and Daniel is also a contributor for Forbes.com. FXC Intelligence's weekly industry newsletter is the most widely read in the international payments market.