Paysafe (PSFE)


Market Price (9/29/2026): $5.735 | Market Cap: $299.9 MilSector: Information Technology | Industry: Systems Software

Paysafe (PSFE)


Market Price (9/29/2026): $5.735
Market Cap: $299.9 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%

Attractive yield
FCF Yield is 34%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, Markets & Betting, and Crypto & Blockchain. Themes include Digital Payments, Show more.

Weak multi-year price returns
2Y Excs Rtn is -107%, 3Y Excs Rtn is -128%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 737%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -70%

Key risks
PSFE key risks include [1] a highly leveraged balance sheet with a substantial debt burden and [2] significant regulatory exposure from its concentration in high-risk verticals like iGaming.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%
1 Attractive yield
FCF Yield is 34%
2 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, Markets & Betting, and Crypto & Blockchain. Themes include Digital Payments, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -107%, 3Y Excs Rtn is -128%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 737%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -70%
6 Key risks
PSFE key risks include [1] a highly leveraged balance sheet with a substantial debt burden and [2] significant regulatory exposure from its concentration in high-risk verticals like iGaming.

PSFE in ETFs

Weight = PSFE's share of each fund

IWM0.01%
FNDA0.02%
DFAS0.01%
VTWO0.00%
IWN0.00%
IWV0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/28/2026

Paysafe (PSFE) stock has lost about 20% since 5/31/2026 because of the following key factors:

1. Significant Downgrade in Fiscal Year 2026 (FY26) Earnings Outlook and Analyst Price Target Reductions. Despite reporting a beat on its fiscal Q2 2026 (ended June 2026) earnings per share (EPS) with $0.43 against an estimated $0.39 on August 13, 2026, the stock subsequently drifted 21.1% lower. Analysts also significantly revised down the consensus outlook for fiscal year 2026, with expected losses increasing from approximately -US$0.60 to -US$0.75 per share by September 18, 2026. Concurrently, the consensus analyst price target for Paysafe was reduced to $8.50 by September 28, 2026, a decrease from $10.13 three months prior (June 30, 2025) and $16.95 a year prior (September 28, 2025), signaling declining confidence in future performance.

2. Persistent Concerns Regarding Increased Net Leverage and Decreased Free Cash Flow. Paysafe continued to face challenges with increased net leverage and a decrease in free cash flow, as highlighted in analyst reports even after its fiscal Q1 2026 results (ended March 2026). These ongoing financial health issues contribute to investor apprehension regarding the company's ability to manage its debt and generate sufficient operating cash, impacting its valuation negatively.

Show more
Updated on 9/28/2026

Paysafe (PSFE) stock has lost about 20% since 5/31/2026 because of the following key factors:

1. Significant Downgrade in Fiscal Year 2026 (FY26) Earnings Outlook and Analyst Price Target Reductions. Despite reporting a beat on its fiscal Q2 2026 (ended June 2026) earnings per share (EPS) with $0.43 against an estimated $0.39 on August 13, 2026, the stock subsequently drifted 21.1% lower. Analysts also significantly revised down the consensus outlook for fiscal year 2026, with expected losses increasing from approximately -US$0.60 to -US$0.75 per share by September 18, 2026. Concurrently, the consensus analyst price target for Paysafe was reduced to $8.50 by September 28, 2026, a decrease from $10.13 three months prior (June 30, 2025) and $16.95 a year prior (September 28, 2025), signaling declining confidence in future performance.

2. Persistent Concerns Regarding Increased Net Leverage and Decreased Free Cash Flow. Paysafe continued to face challenges with increased net leverage and a decrease in free cash flow, as highlighted in analyst reports even after its fiscal Q1 2026 results (ended March 2026). These ongoing financial health issues contribute to investor apprehension regarding the company's ability to manage its debt and generate sufficient operating cash, impacting its valuation negatively.

3. Underperformance in Projected Revenue Growth Compared to Industry Averages. Paysafe's forecast annual revenue growth rate of 5.15% for fiscal year 2026 is projected to significantly underperform the US Software - Infrastructure industry's average forecast revenue growth rate of 20.66%, as well as the broader US market's average forecast of 14.62%. This substantial difference suggests that Paysafe is struggling to capture market share or grow at a competitive pace within its sector, raising concerns about its long-term growth trajectory and competitive standing.

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Stock Movement Drivers

Fundamental Drivers

The -22.1% change in PSFE stock from 5/31/2026 to 9/28/2026 was primarily driven by a -21.3% change in the company's P/S Multiple.
(LTM values as of)53120269282026Change
Stock Price ($)7.736.02-22.1%
Change Contribution By: 
Total Revenues ($ Mil)1,7431,7621.1%
P/S Multiple0.20.2-21.3%
Shares Outstanding (Mil)5152-2.1%
Cumulative Contribution-22.1%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/28/2026
ReturnCorrelation
PSFE-22.1% 
Market (SPY)1.5%25.4%
Sector (XLK)2.0%-0.2%

Fundamental Drivers

The -3.8% change in PSFE stock from 2/28/2026 to 9/28/2026 was primarily driven by a -16.6% change in the company's P/S Multiple.
(LTM values as of)22820269282026Change
Stock Price ($)6.266.02-3.8%
Change Contribution By: 
Total Revenues ($ Mil)1,6831,7624.7%
P/S Multiple0.20.2-16.6%
Shares Outstanding (Mil)585210.1%
Cumulative Contribution-3.8%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/28/2026
ReturnCorrelation
PSFE-3.8% 
Market (SPY)12.2%27.3%
Sector (XLK)40.5%9.6%

Fundamental Drivers

The -57.3% change in PSFE stock from 8/31/2025 to 9/28/2026 was primarily driven by a -64.2% change in the company's P/S Multiple.
(LTM values as of)83120259282026Change
Stock Price ($)14.116.02-57.3%
Change Contribution By: 
Total Revenues ($ Mil)1,6761,7625.1%
P/S Multiple0.50.2-64.2%
Shares Outstanding (Mil)595213.4%
Cumulative Contribution-57.3%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/28/2026
ReturnCorrelation
PSFE-57.3% 
Market (SPY)20.0%37.0%
Sector (XLK)49.0%19.3%

Fundamental Drivers

The -54.0% change in PSFE stock from 8/31/2023 to 9/28/2026 was primarily driven by a -65.9% change in the company's P/S Multiple.
(LTM values as of)83120239282026Change
Stock Price ($)13.106.02-54.0%
Change Contribution By: 
Total Revenues ($ Mil)1,5401,76214.5%
P/S Multiple0.50.2-65.9%
Shares Outstanding (Mil)625217.6%
Cumulative Contribution-54.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/28/2026
ReturnCorrelation
PSFE-54.0% 
Market (SPY)76.5%44.1%
Sector (XLK)125.9%30.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PSFE Return-74%-70%-8%34%-53%-21%-96%
Peers Return-22%-32%15%35%-25%-14%-48%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
PSFE Win Rate42%25%50%50%42%33% 
Peers Win Rate38%38%57%62%47%40% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
PSFE Max Drawdown-82%-76%-60%-34%-72%-34% 
Peers Max Drawdown-41%-51%-35%-21%-36%-34% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PYPL, GPN, FIS, FOUR, ACIW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/28/2026 (YTD)

How Low Can It Go

EventPSFES&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-19.1%-9.5%
  % Gain to Breakeven23.6%10.5%
  Time to Breakeven15 days24 days
2023 SVB Regional Banking Crisis
  % Loss-56.7%-6.7%
  % Gain to Breakeven130.7%7.1%
  Time to Breakeven455 days31 days

Compare to PYPL, GPN, FIS, FOUR, ACIW

In The Past

Paysafe's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventPSFES&P 500
2023 SVB Regional Banking Crisis
  % Loss-56.7%-6.7%
  % Gain to Breakeven130.7%7.1%
  Time to Breakeven455 days31 days

Compare to PYPL, GPN, FIS, FOUR, ACIW

In The Past

Paysafe's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Paysafe (PSFE)

Paysafe Limited (PSFE) is a global digital commerce solutions provider that facilitates various payment services for online businesses, small and medium-sized merchants, and consumers worldwide. The company operates through two main segments. Its US Acquiring segment primarily focuses on enabling merchants and integrated service providers to accept and process payments securely. This includes services like merchant acquiring, transaction processing, fraud and risk management tools, point-of-sale systems, and merchant financing solutions, often under its Paysafe and Petroleum Card Services brands.

The Digital Commerce segment offers a diverse range of payment solutions, including well-known digital wallet brands such as Skrill and NETELLER, and the pay-by-bank service Rapid Transfer. Paysafe is also a prominent provider of eCash solutions, offering prepaid options like paysafecard and the unique Paysafecash service, which allows users to pay for online purchases with offline cash. Furthermore, this segment delivers integrated and e-commerce solutions for online merchants, providing payment gateways, online toolkits, and critical connectivity to card processing networks and various alternative payment methods, ensuring seamless and secure online transactions.

AI Analysis | Feedback

Paysafe is like Stripe and PayPal rolled into one, offering both business payment processing and consumer digital wallet solutions.

Alternatively, think of Paysafe as similar to a global payment processor like Adyen, but also providing its own popular digital wallets and unique cash payment solutions akin to PayPal.

AI Analysis | Feedback

  • Merchant Acquiring and Payment Processing: Services enabling businesses to accept various payment types, including transaction processing, fraud management, and point-of-sale systems.
  • Digital Wallets (Skrill, NETELLER): Online accounts for consumers to store funds and make secure digital payments.
  • eCash Solutions (paysafecard, Paysafecash): Prepaid and cash-based solutions for online shopping, allowing users to pay offline with cash or use prepaid vouchers.
  • Pay-by-Bank (Rapid Transfer): A solution facilitating direct payments from bank accounts.
  • Payment Gateways and E-commerce Integration: Provides critical connectivity between merchant websites and payment processing networks, along with tools for online commerce.

AI Analysis | Feedback

Paysafe (PSFE) provides digital commerce solutions to a diverse customer base. Based on the detailed description of its offerings, the company serves both businesses and individual consumers. However, a significant portion of its brand visibility and direct engagement is with individual consumers through its prominent digital wallet and eCash solutions. Therefore, Paysafe primarily serves **individuals**, categorized as follows:
  1. Digital Wallet Users: Individuals who utilize Paysafe's digital wallet solutions, primarily under the Skrill and NETELLER brands, for online purchases, money transfers, and managing their funds digitally.
  2. Cash-Preferred Online Shoppers: Consumers who prefer to pay with cash for online transactions. This includes users of Paysafecash, which allows them to shop online and pay offline in cash, and those who use paysafecard, a prepaid eCash solution for online payments, including its prepaid Mastercard variant.
  3. Bank-Account-Oriented Online Payers: Individuals who leverage Paysafe's Rapid Transfer solution for direct online payments linked to their bank accounts.

AI Analysis | Feedback

Visa Inc. (V)

Mastercard Incorporated (MA)

AI Analysis | Feedback

Here is the management team for Paysafe (PSFE):

Bruce Lowthers, Chief Executive Officer and Executive Director

Bruce Lowthers joined Paysafe as CEO in May 2022. He also serves as an Executive Director on the Paysafe Board. Prior to Paysafe, he spent 15 years at FIS, a Fortune 250 company, where he most recently served as President, responsible for a $15 billion revenue global organization with over 65,000 employees. He was credited with accelerating innovation and strengthening client experience across FIS's Banking, Merchant Solutions, and Payments businesses. Before FIS, Lowthers was an executive at eFunds, an electronic payments company. He is also a serial entrepreneur, having co-founded and led four start-up companies, and co-founded two payments industry associations: the American Transaction Processors Coalition (ATPC) and Payments 20 (P20), a global payments body.

John Crawford, Chief Financial Officer

John Crawford is the Chief Financial Officer at Paysafe. He is responsible for the financial management of the company. Detailed background information regarding previous companies founded or managed, company sales, or a pattern of managing private equity-backed companies was not readily available in the provided search results.

Roy Aston, Chief Operating Officer

Roy Aston joined Paysafe in February 2019 and holds global responsibility for leading the company's technology and operations functions, including global IT strategy, cybersecurity, transformation, and 24/7 technology and customer operations. Before Paysafe, he gained extensive experience in IT and operations at various global financial services organizations. His prior role was Group CIO for Barclaycard, a position he held since April 2013.

Rob Gatto, Chief Revenue Officer

Rob Gatto joined Paysafe in July 2022 as the company's first Chief Revenue Officer (CRO). In this role, he is tasked with leading Paysafe's international sales efforts across high-growth sectors such as gaming, travel, entertainment, digital assets, and fintech. Gatto brings over 30 years of experience in delivering transformational growth and "go-to-market" strategies for both private and public businesses. He has been instrumental in building multiple fast-growing businesses that have resulted in an IPO or sale to technology leaders, including IBM, Oracle, NeuStar, and Adobe.

Chi-Eun Lee, Chief Transformation Officer

Chi-Eun Lee joined Paysafe in October 2019 as Chief of Staff and was appointed as the Chief Transformation Officer in March 2024. Before her tenure at Paysafe, Chi-Eun served as a business development director at Barclaycard Payment Solutions, where she led initiatives focused on strategic partnerships, international growth, and innovation strategy. Her prior experience includes working at McKinsey & Co. and LG Electronics Europe. She holds an MBA from Harvard.

AI Analysis | Feedback

Here are the key risks to Paysafe (PSFE):
  1. Substantial Leverage and Financial Fragility: Paysafe carries a significant debt load, characterized by a high Debt-to-Equity Ratio and a low Interest Coverage Ratio. This substantial leverage adversely affects its financial condition, limits its flexibility for business opportunities, and exposes it to increased interest rate risk, which could significantly raise its debt service obligations. This financial fragility has been highlighted as a major near-term risk that overshadows operational improvements.
  2. Intense Competition in the Digital Payments Industry: Paysafe operates in a rapidly changing and highly competitive digital payments sector. The company faces significant competition across its various segments, including payment processing, digital wallets (Skrill and NETELLER), and online cash solutions, from established global players such as PayPal, Stripe, Adyen, Fiserv, and numerous emerging fintech companies. This intense competition puts pressure on pricing strategies, market share, and necessitates continuous technological innovation and adaptation to market trends to maintain profitability.
  3. Regulatory Compliance and Exposure to High-Risk Merchants: The financial services industry, in which Paysafe operates, is heavily regulated, requiring the company to navigate complex and evolving compliance requirements across various jurisdictions. More specifically, Paysafe has faced significant challenges and investor lawsuits concerning its exposure to high-risk merchants within its e-commerce business. Allegations suggest that the company had significant exposure to a single high-risk client and to merchant categories with elevated underwriting challenges, leading to understated credit loss reserves and write-offs. These issues have resulted in substantial credit losses, a significant increase in net loss, and a sharp decline in the company's stock price, reflecting a systemic weakness in its risk management framework.

AI Analysis | Feedback

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  • The increasing dominance and aggressive expansion of payment ecosystems by major tech companies (e.g., Apple Pay, Google Pay). These platforms offer deeply integrated, device-native, and often seamless payment experiences that can marginalize independent digital wallets like Paysafe's Skrill and NETELL, and potentially capture significant market share in online and in-store payment processing that Paysafe targets.
  • The accelerated global shift away from cash and the corresponding rise of alternative cashless solutions, including potential Central Bank Digital Currencies (CBDCs). This trend directly threatens Paysafe's eCash solutions, such as Paysafecash and paysafecard, which cater to users who wish to pay online using cash or prepaid digital vouchers. A significant decline in cash usage could render these solutions increasingly niche or obsolete for a broader market.
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AI Analysis | Feedback

Paysafe Limited (PSFE) operates within several significant addressable markets for its digital commerce solutions, including payment processing, digital wallets, eCash, and e-commerce payment solutions.

Payment Processing / Merchant Acquiring

  • The global payment processing solutions market was valued at approximately USD 54.92 billion in 2024 and is projected to reach USD 121.47 billion by 2032, with a compound annual growth rate (CAGR) of 10.43% from 2025 to 2032. Other estimates place the global market at USD 66.8 billion in 2024, growing to USD 198.9 billion by 2034 (CAGR 11.7% from 2025-2034). Another source suggests the global market was US$58.5 billion in 2022, projected to reach US$161.9 billion by 2030, growing at a CAGR of 13.6% over the period 2022-2030.
  • The North American merchant acquiring market is projected at USD 34 billion in 2025 and is expected to reach USD 68.4 billion by 2034, with a CAGR of 7.8%. The U.S. merchant acquiring market alone was estimated at USD 24 billion in 2025. Total U.S. merchant acquiring net revenue in 2023 was approximately USD 35 billion, based on a total U.S. acquiring volume of about USD 12.3 trillion.

Digital Wallets

  • Global spending through digital wallets reached an estimated USD 41.0 trillion in 2024 and is forecast to grow to USD 55.9 trillion by 2029.
  • The global digital wallet market size was valued at USD 2,140.18 billion in 2023 and is projected to reach USD 7,857.70 billion by 2030, growing at a CAGR of approximately 20.58% from 2024 to 2030. Another report projects the global digital wallet transaction value to reach USD 19,682.2 billion by 2030, with a CAGR of 18.9% over the forecast period 2025-2030.
  • In 2024, Asia-Pacific dominated the global digital wallet landscape, accounting for USD 36.8 trillion in spending. The Americas contributed USD 2.2 trillion, and EMEA (Europe, Middle East, and Africa) accounted for USD 2.0 trillion. North America was the largest region in the digital wallet market in 2025.

eCash Solutions (Prepaid Cards)

  • The global prepaid card market size is projected to be worth approximately USD 21.46 trillion by 2034, increasing from USD 3.60 trillion in 2024, at a CAGR of 19.55% from 2025 to 2034. Other data shows the global prepaid card market valued at USD 4.5 trillion in 2024, anticipated to reach USD 23.8 trillion in 2033 at a CAGR of 20.3%.
  • The U.S. prepaid card market size was estimated at USD 1.76 trillion in 2024 and is projected to be worth around USD 10.62 trillion by 2034, poised to grow at a CAGR of 19.69% from 2025 to 2034.
  • North America dominated the prepaid card market with the highest market share of 61% in 2024.

E-commerce Payment Solutions

  • Global e-commerce payments are projected to exceed USD 13 trillion in 2030, up from USD 8.3 trillion in 2025.
  • The global e-commerce payments market expanded from USD 989.47 billion in 2025 to USD 1.04 trillion in 2026, with a projection to reach USD 1.75 trillion by 2032 at an 8.55% CAGR. Another report estimates the global e-commerce payments market to reach a value of 14,170.0 billion U.S. dollars by 2032, exhibiting a CAGR of 11.22% during the forecast period 2024-2032.
  • North America leads the global e-commerce payment market, with Europe exhibiting robust growth and Asia Pacific as the fastest-growing region.

AI Analysis | Feedback

Paysafe (PSFE) anticipates future revenue growth over the next 2-3 years to be driven by several key strategic initiatives and market trends:

  1. Expansion of Sales Capabilities and Enterprise Wins: Paysafe has been actively investing in and expanding its sales team, leading to a notable increase in enterprise client acquisitions and cross-selling opportunities within its existing customer base. For example, Paysafe reported 83 enterprise wins in a recent quarter and aimed to hire 170 new sales representatives in 2024 to enhance its sales capabilities. This focus on acquiring and growing larger, high-value clients is expected to contribute significantly to revenue.
  2. Growth in E-commerce and iGaming Verticals: The company has consistently reported strong double-digit growth in its e-commerce business, particularly driven by its performance in the iGaming sector. Paysafe saw 50% growth in processing revenue from North America iGaming in 2025. Continued penetration and expansion within these high-growth segments are expected to be a major revenue driver.
  3. Enhanced Digital Wallet and eCash Solutions through Product Innovation and Geographic Expansion: Paysafe is focusing on product and engagement initiatives within its Digital Wallets segment, which has shown consistent growth. The company is also expanding its eCash services, as evidenced by a collaboration with Revolut to bring e-cash to 10 million UK customers and strong demand for local payment solutions in Latin America. These efforts aim to increase user engagement and expand market reach.
  4. Portfolio Optimization for Higher Quality Revenue: Paysafe has undertaken strategic portfolio optimization efforts, including the divestment of its direct marketing payment processing business, to enhance financial performance and reduce exposure to higher-risk merchants. This strategic shift, despite some short-term impacts from client exits, is expected to result in more sustainable and higher-quality revenue growth in the long term.
  5. Strategic Partnerships: Paysafe is leveraging strategic partnerships to expand its market presence and offerings. Collaborations, such as with Revolut for e-cash services in the UK and Xsolla for enabling game creators and influencers to receive payouts directly into their wallets, are examples of how Paysafe is broadening its reach and customer base through alliances.

AI Analysis | Feedback

Share Repurchases

  • Paysafe repurchased 9.5 million shares for $92 million in 2025.
  • In Q3 2025, Paysafe repurchased 1.5 million shares at an average price of $13.62 per share, contributing to a year-to-date total of 3.6 million shares or $50 million.
  • The Board of Directors authorized an additional $70 million for share repurchases in November 2025, following which approximately $67 million remained available under the program after a 4 million share repurchase.

Share Issuance

  • Paysafe's outstanding shares decreased from 60.61 million in 2022 to 57.46 million in 2026, indicating net repurchases rather than significant issuances over this period.

Capital Expenditures

  • Capital expenditures were $111.7 million in 2024 and are estimated to be $105.8 million for 2025 and $109.1 million for 2026.
  • Capital expenditures have increased significantly from $5.616 million in 2021 and $4.543 million in 2022 to $12.85 million in 2023, before the jump in 2024.
  • The company's focus includes platform modernization and embedded AI to improve operational efficiency and accelerate product development.

Better Bets vs. Paysafe (PSFE)

Peer Outperformance in Systems Software

PSFE has trailed 82% of its 73 Systems Software peers over 5Y. Among the peers that beat it is BB. Systems Software ranks 12th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Systems Software constituents that PSFE has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
22%
of 94 industry peers · -53.4% return
3Y
28%
of 80 industry peers · -49.8% return
5Y
18%
of 73 industry peers · -93.4% return
Systems Software peers with revenue growth within 4pp of PSFE's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
PSFE Paysafe 4.7% -1.5x -53.4%-49.8%-93.4% —
BB BlackBerry 7.5% 97.4x 77.4%86.8%-8.3% +85pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Information Technology sector, ranked by 5Y. Systems Software is PSFE's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 68.1%185.0%297.2% TTMI 879% · FLEX 755% · JBL 466%
Semiconductor Materials & Equipment 27 95.8%95.0%119.5% AXTI 830% · AEHR 612% · KLAC 492%
Technology Distributors 9 38.3%84.0%101.5% CLMB 413% · AVT 206% · SNX 155%
Communications Equipment 36 14.7%74.6%70.6% AAOI 1275% · LITE 997% · FEIM 904%
Electronic Components 26 44.7%67.8%69.1% CLS 3861% · BELFA 1314% · APH 375%
Semiconductors 55 31.8%36.7%36.0% POET 1719% · MU 1409% · NVDA 1020%
Technology Hardware, Storage & Peripherals 20 18.2%128.9%35.6% STX 1178% · SMCI 1038% · DELL 1027%
Internet Services & Infrastructure 6 1.7%42.1%24.6% DOCN 75% · VRSN 40% · GDDY 34%
Electronic Equipment & Instruments 26 -18.3%15.0%-8.6% PI 210% · KEYS 116% · ACFN 105%
IT Consulting & Other Services 30 -25.3%-18.6%-30.5% CHRN 521347% · APLD 1079% · TSSI 784%
Application Software 125 -31.6%-20.3%-46.9% VIDA 136567% · PLTR 665% · RDVT 194%
Systems Software ← 74 -19.5%5.2%-58.8% QNC 856% · ZETA 434% · PANW 397%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PSFEPYPLGPNFISFOURACIWMedian
NamePaysafe PayPal Global P.Fidelity.Shift4 P.ACI Worl. 
Mkt Price5.7453.7883.8733.6837.1348.6642.89
Mkt Cap0.347.222.617.42.94.911.2
Rev LTM1,76234,12810,23112,2014,7821,8207,506
Op Inc LTM1006,2829902,036378339684
FCF LTM1076,5868231,921289285556
FCF 3Y Avg1276,1931,7852,3102792681,032
CFO LTM2337,4751,6582,9765933301,125
CFO 3Y Avg2486,9522,4913,2215023091,496

Growth & Margins

PSFEPYPLGPNFISFOURACIWMedian
NamePaysafe PayPal Global P.Fidelity.Shift4 P.ACI Worl. 
Rev Chg LTM5.1%5.7%32.5%18.3%32.4%7.0%12.6%
Rev Chg 3Y Avg4.7%6.1%6.0%8.0%28.3%9.9%7.0%
Rev Chg Q4.5%4.8%68.6%29.1%34.1%7.3%18.2%
QoQ Delta Rev Chg LTM1.1%1.2%15.2%6.7%7.4%1.6%4.1%
Op Inc Chg LTM-12.1%2.0%-40.4%14.7%39.0%0.1%1.0%
Op Inc Chg 3Y Avg1.8%9.8%-13.0%12.9%55.5%43.2%11.3%
Op Mgn LTM5.7%18.4%9.7%16.7%7.9%18.6%13.2%
Op Mgn 3Y Avg7.5%18.3%17.9%16.8%7.3%19.3%17.4%
QoQ Delta Op Mgn LTM-0.9%-0.5%-2.5%-0.2%-0.3%0.2%-0.4%
CFO/Rev LTM13.2%21.9%16.2%24.4%12.4%18.1%17.2%
CFO/Rev 3Y Avg14.6%21.4%31.7%30.2%13.4%18.4%19.9%
FCF/Rev LTM6.0%19.3%8.0%15.7%6.0%15.6%11.8%
FCF/Rev 3Y Avg7.5%19.1%23.1%21.8%7.6%15.9%17.5%

Valuation

PSFEPYPLGPNFISFOURACIWMedian
NamePaysafe PayPal Global P.Fidelity.Shift4 P.ACI Worl. 
Mkt Cap0.347.222.617.42.94.911.2
P/S0.21.42.21.40.62.71.4
P/Op Inc3.07.522.98.57.814.68.2
P/EBIT10.67.515.88.97.313.79.7
P/E-1.49.6-24.25.228.021.97.4
P/CFO1.36.313.75.85.015.06.1
Total Yield-66.2%10.8%-3.0%24.0%3.6%4.5%4.1%
Dividend Yield0.0%0.5%1.1%4.9%0.0%0.0%0.3%
FCF Yield 3Y Avg19.0%11.9%8.4%7.2%5.7%5.7%7.8%
D/E8.50.31.01.21.60.21.1
Net D/E7.70.00.81.21.40.11.0

Returns

PSFEPYPLGPNFISFOURACIWMedian
NamePaysafe PayPal Global P.Fidelity.Shift4 P.ACI Worl. 
1M Rtn-15.5%0.5%-8.4%-17.8%-15.5%-9.6%-12.5%
3M Rtn-22.1%21.5%18.3%-11.9%-23.0%-1.7%-6.8%
6M Rtn-13.9%21.1%27.3%-27.4%-14.9%20.7%3.4%
12M Rtn-55.5%-19.2%0.8%-45.6%-53.1%-6.9%-32.4%
3Y Rtn-52.1%-7.0%-24.9%-33.9%-32.9%115.7%-28.9%
1M Excs Rtn-14.0%-11.7%-8.7%-15.4%-14.9%-9.7%-12.8%
3M Excs Rtn-25.2%18.3%15.0%-15.2%-26.3%-5.0%-10.1%
6M Excs Rtn-33.0%3.6%7.7%-46.8%-37.2%1.5%-15.7%
12M Excs Rtn-70.5%-34.7%-16.1%-61.2%-69.8%-22.1%-48.0%
3Y Excs Rtn-127.0%-84.0%-104.3%-112.0%-110.3%31.0%-107.3%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Merchant Solutions905958878817745
Digital Wallets815766735686750
Elimination of intersegment revenue-18-18-12-7-8
Corporate    0
Total1,7011,7051,6011,4961,487


Operating Income by Segment
$ Mil2025202420232022
Digital Wallets352339319289
Merchant Solutions146191222 
(Loss) / gain on disposal of subsidiaries and other assets, net-1-1-0-1
Impairment expense on goodwill and other assets-1-1-1-1,887
Share-based compensation-32-39-29-62
Restructuring and other costs-48-5-6-64
Unallocated Corporate costs-69-78-82-80
Depreciation and amortization-274-273-263-267
Integrated Processing   200
Total72133159-1,872


Price Behavior

Price Behavior
Market Price$6.02 
Market Cap ($ Bil)0.3 
First Trading Date10/09/2020 
Distance from 52W High-54.6% 
   50 Days200 Days
DMA Price$7.04$7.49
DMA Trenddowndown
Distance from DMA-14.5%-19.7%
 3M1YR
Volatility68.8%68.6%
Downside Capture431.22275.79
Upside Capture256.07139.37
Correlation (SPY)28.3%37.2%
PSFE Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta2.581.560.991.221.911.83
Up Beta-1.15-2.84-1.540.521.631.89
Down Beta-3.990.211.341.192.361.87
Up Capture289%281%135%152%128%321%
Bmk +ve Days10213268138427
Stock +ve Days8172661111360
Down Capture903%430%206%153%170%112%
Bmk -ve Days11213259113324
Stock -ve Days13253765136382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PSFE
PSFE-52.8%68.4%-0.81-
Sector ETF (XLK)40.7%26.5%1.2519.9%
Equity (SPY)17.4%13.0%0.9637.7%
Gold (GLD)9.7%29.6%0.314.9%
Commodities (DBC)42.7%20.7%1.60-16.1%
Real Estate (VNQ)4.3%13.6%0.0629.3%
Bitcoin (BTCUSD)-23.0%44.8%-0.4621.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PSFE
PSFE-42.7%71.3%-0.47-
Sector ETF (XLK)21.5%25.9%0.7338.2%
Equity (SPY)13.5%17.2%0.6047.2%
Gold (GLD)18.1%18.9%0.774.4%
Commodities (DBC)11.0%19.5%0.440.6%
Real Estate (VNQ)0.9%18.9%-0.0641.2%
Bitcoin (BTCUSD)14.4%52.4%0.4522.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PSFE
PSFE-25.9%69.4%-0.42-
Sector ETF (XLK)24.7%25.0%0.8936.9%
Equity (SPY)15.4%17.9%0.7345.1%
Gold (GLD)11.7%16.4%0.584.8%
Commodities (DBC)8.5%18.1%0.381.7%
Real Estate (VNQ)4.7%20.7%0.1939.1%
Bitcoin (BTCUSD)63.8%66.2%1.0318.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity3.2 Mil
Short Interest: % Change Since 83120261.8%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest9.6 days
Basic Shares Quantity52.3 Mil
Short % of Basic Shares6.2%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/20266-K
03/31/202605/13/20266-K
12/31/202503/03/202620-F
09/30/202511/13/20256-K
06/30/202508/14/20256-K
03/31/202505/13/20256-K
12/31/202403/04/202520-F
09/30/202411/13/20246-K
06/30/202408/13/20246-K
03/31/202405/13/20246-K
12/31/202303/20/202420-F
09/30/202311/14/20236-K
06/30/202308/16/20236-K
03/31/202305/17/20236-K
12/31/202203/15/202320-F
09/30/202211/17/20226-K
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/13/20266-K
03/31/202605/13/20266-K
12/31/202503/03/202620-F
09/30/202511/13/20256-K
06/30/202508/14/20256-K
03/31/202505/13/20256-K
12/31/202403/04/202520-F
09/30/202411/13/20246-K
06/30/202408/13/20246-K
03/31/202405/13/20246-K
12/31/202303/20/202420-F
09/30/202311/14/20236-K
06/30/202308/16/20236-K
03/31/202305/17/20236-K
12/31/202203/15/202320-F
09/30/202211/17/20226-K
06/30/202210/19/20226-K
03/31/202205/18/20226-K
12/31/202103/28/202220-F
09/30/202111/15/20216-K
06/30/202108/16/20216-K
03/31/202105/11/20216-K
12/31/202004/01/202120-F
06/30/202008/16/20216-K

Insider Activity

Updated 5/27/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Swales, RichardChief Risk & Compliance Ofcr.DirectSell51820267.6910,00076,866341,715Form
2Swales, RichardChief Risk & Compliance Ofcr.DirectSell32020266.8718,849129,398166,758Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Swales, RichardChief Risk & Compliance Ofcr.DirectSell51820267.6910,00076,866341,715Form
2Swales, RichardChief Risk & Compliance Ofcr.DirectSell32020266.8718,849129,398166,758Form

Investor Activity (13F)

Updated Sep 29, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Fidelity National Financial, Inc.$15.3 Mil0.6%21Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Fidelity National Financial, Inc.$15.3 Mil0.6%21Hold13F
Core Cache Last Updated: 9/28/2026