Transaction & Payment Processing Services
Transaction & Payment Processing Services is losing market weight. Lost weight for 4 consecutive months.
Most of this industry's losses came from a few companies.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 78% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
Jan 2018 – Oct 2018 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| PayPal → PYPL | Transaction & Payment Processing Services | United States | 0.336% | -0.249 pp | -1.3% | 0.0 |
| Visa Inc. → V | Transaction & Payment Processing Services | United States | 0.219% | -0.113 pp | +11.5% | 0.0 |
| Fidelity National Information Services → FIS | Transaction & Payment Processing Services | United States | 0.116% | -0.079 pp | +2.6% | 0.0 |
| Corpay → CPAY | Transaction & Payment Processing Services | United States | 0.060% | -0.049 pp | -5.9% | 0.0 |
| Global Payments → GPN | Transaction & Payment Processing Services | United States | 0.061% | -0.040 pp | +2.2% | 0.0 |
| Mastercard → MA | Transaction & Payment Processing Services | United States | 0.082% | -0.036 pp | +17.4% | 0.0 |
| Fiserv → FISV | Transaction & Payment Processing Services | United States | 0.109% | +0.025 pp | +12.6% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Oct 2018 | 0.983% | -0.008 pp | -0.696 pp | -0.569 pp | -0.541 pp | +14.4% |
| Sep 2018 | 0.992% | -0.013 pp | -0.751 pp | -0.550 pp | -0.533 pp | +13.4% |
| Aug 2018 | 1.005% | -0.675 pp | -0.702 pp | -0.539 pp | -0.520 pp | +14.1% |
| Jul 2018 | 1.679% | -0.063 pp | +0.126 pp | +0.155 pp | +0.155 pp | +5.9% |
| Jun 2018 | 1.743% | +0.036 pp | +0.201 pp | +0.218 pp | +0.218 pp | +8.7% |
| May 2018 | 1.706% | +0.154 pp | +0.163 pp | +0.182 pp | +0.182 pp | +5.8% |
| Apr 2018 | 1.553% | +0.011 pp | +0.029 pp | +0.029 pp | +0.029 pp | +0.7% |
| Mar 2018 | 1.541% | -0.002 pp | +0.017 pp | +0.017 pp | +0.017 pp | +0.2% |
| Feb 2018 | 1.543% | +0.019 pp | +0.019 pp | +0.019 pp | +0.019 pp | +1.1% |
| Jan 2018 | 1.524% | +0.000 pp | +0.000 pp | +0.000 pp | +0.000 pp | +0.0% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.