Transaction & Payment Processing Services
Transaction & Payment Processing Services is losing market weight. Lost weight for 2 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 97% 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 2022 · 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 | 0.343% | -0.570 pp | -64.1% | 0.0 |
| Fidelity National Information Services → FIS | Transaction & Payment Processing Services | United States | 0.179% | -0.049 pp | -23.6% | 0.0 |
| Global Payments → GPN | Transaction & Payment Processing Services | United States | 0.110% | -0.031 pp | -19.5% | 0.0 |
| Corpay → CPAY | Transaction & Payment Processing Services | United States | 0.050% | -0.019 pp | -24.8% | 0.0 |
| Fiserv → FISV | Transaction & Payment Processing Services | United States | 0.232% | +0.014 pp | +4.3% | 0.0 |
| Visa Inc. → V | Transaction & Payment Processing Services | United States | 0.345% | +0.013 pp | -1.5% | 0.0 |
| Jack Henry & Associates → JKHY | Transaction & Payment Processing Services | United States | 0.051% | +0.010 pp | +20.9% | 0.0 |
| Mastercard → MA | Transaction & Payment Processing Services | United States | 0.143% | +0.005 pp | -1.6% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Oct 2022 | 1.452% | -0.041 pp | -0.059 pp | -0.146 pp | -0.626 pp | -15.6% |
| Sep 2022 | 1.493% | -0.030 pp | -0.008 pp | -0.130 pp | -0.894 pp | -27.9% |
| Aug 2022 | 1.524% | +0.013 pp | -0.063 pp | -0.097 pp | -0.913 pp | -28.7% |
| Jul 2022 | 1.511% | +0.010 pp | -0.087 pp | -0.418 pp | -1.050 pp | -32.9% |
| Jun 2022 | 1.501% | -0.086 pp | -0.122 pp | -0.332 pp | -1.129 pp | -37.4% |
| May 2022 | 1.586% | -0.012 pp | -0.034 pp | -0.227 pp | -0.982 pp | -32.7% |
| Apr 2022 | 1.598% | -0.025 pp | -0.331 pp | -0.479 pp | -1.078 pp | -35.2% |
| Mar 2022 | 1.623% | +0.002 pp | -0.209 pp | -0.764 pp | +0.278 pp | -33.2% |
| Feb 2022 | 1.621% | -0.308 pp | -0.192 pp | -0.816 pp | +0.216 pp | -37.4% |
| Jan 2022 | 1.929% | +0.097 pp | -0.148 pp | -0.632 pp | +0.412 pp | -19.6% |
| Dec 2021 | 1.833% | +0.019 pp | -0.555 pp | -0.797 pp | -0.938 pp | -28.9% |
| Nov 2021 | 1.813% | -0.264 pp | -0.623 pp | -0.755 pp | -0.960 pp | -30.6% |
| Oct 2021 | 2.078% | -0.310 pp | -0.483 pp | -0.599 pp | -0.562 pp | -17.9% |
| Sep 2021 | 2.387% | -0.049 pp | -0.242 pp | +1.042 pp | +2.384 pp | -11.9% |
| Aug 2021 | 2.436% | -0.125 pp | -0.132 pp | +1.031 pp | +2.433 pp | -9.4% |
| Jul 2021 | 2.561% | -0.069 pp | -0.115 pp | +1.044 pp | +2.558 pp | -6.7% |
| Jun 2021 | 2.630% | +0.061 pp | +1.284 pp | -0.141 pp | +2.627 pp | -5.0% |
| May 2021 | 2.569% | -0.108 pp | +1.163 pp | -0.205 pp | +2.566 pp | -8.5% |
| Apr 2021 | 2.676% | +1.331 pp | +1.159 pp | +0.037 pp | -0.100 pp | +2.2% |
| Mar 2021 | 1.345% | -0.060 pp | -1.425 pp | +1.342 pp | +1.343 pp | +4.7% |
| Feb 2021 | 1.405% | -0.112 pp | -1.368 pp | +1.402 pp | +1.403 pp | +9.4% |
| Jan 2021 | 1.517% | -1.253 pp | -1.122 pp | +1.514 pp | -1.109 pp | +1.8% |
| Dec 2020 | 2.770% | -0.003 pp | +2.767 pp | +2.767 pp | +0.283 pp | +16.8% |
| Nov 2020 | 2.773% | +0.134 pp | +2.770 pp | +2.770 pp | +0.224 pp | +13.0% |
| Oct 2020 | 2.639% | +2.636 pp | +2.637 pp | -0.137 pp | +0.295 pp | +10.6% |
| Sep 2020 | 0.003% | -0.000 pp | -0.000 pp | +0.001 pp | -2.223 pp | +17.5% |
| Aug 2020 | 0.003% | +0.000 pp | +0.000 pp | +0.001 pp | -2.369 pp | +10.2% |
| Jul 2020 | 0.003% | -0.000 pp | -2.773 pp | -2.623 pp | -2.088 pp | +15.6% |
| Jun 2020 | 0.003% | -0.000 pp | +0.001 pp | -2.484 pp | -2.064 pp | +16.8% |
| May 2020 | 0.003% | -2.773 pp | +0.001 pp | -2.546 pp | -2.121 pp | +16.7% |
| Apr 2020 | 2.776% | +2.774 pp | +0.150 pp | +0.431 pp | +0.718 pp | +14.8% |
| Mar 2020 | 0.002% | +0.000 pp | -2.485 pp | -2.223 pp | -2.000 pp | +11.4% |
| Feb 2020 | 0.002% | -2.624 pp | -2.547 pp | -2.370 pp | -1.967 pp | +16.2% |
| Jan 2020 | 2.626% | +0.139 pp | +0.282 pp | +0.535 pp | +1.591 pp | +21.9% |
| Dec 2019 | 2.487% | -0.062 pp | +0.261 pp | +0.419 pp | +1.429 pp | +12.4% |
| Nov 2019 | 2.549% | +0.204 pp | +0.176 pp | +0.425 pp | +1.514 pp | +18.8% |
| Oct 2019 | 2.345% | +0.119 pp | +0.254 pp | +0.286 pp | +1.361 pp | +15.7% |
| Sep 2019 | 2.226% | -0.147 pp | +0.158 pp | +0.224 pp | +1.234 pp | +18.0% |
| Aug 2019 | 2.372% | +0.281 pp | +0.249 pp | +0.404 pp | +1.368 pp | +24.9% |
| Jul 2019 | 2.091% | +0.024 pp | +0.033 pp | +1.056 pp | +0.412 pp | +30.2% |
| Jun 2019 | 2.068% | -0.056 pp | +0.066 pp | +1.010 pp | +0.325 pp | +23.9% |
| May 2019 | 2.124% | +0.066 pp | +0.155 pp | +1.089 pp | +0.417 pp | +28.9% |
| Apr 2019 | 2.058% | +0.057 pp | +1.023 pp | +1.075 pp | +0.506 pp | +28.8% |
| Mar 2019 | 2.002% | +0.033 pp | +0.944 pp | +1.010 pp | +0.460 pp | +26.5% |
| Feb 2019 | 1.969% | +0.933 pp | +0.934 pp | +0.964 pp | +0.426 pp | +20.8% |
| Jan 2019 | 1.035% | -0.022 pp | +0.052 pp | -0.644 pp | -0.489 pp | +15.1% |
| Dec 2018 | 1.058% | +0.023 pp | +0.066 pp | -0.685 pp | -0.466 pp | +17.2% |
| Nov 2018 | 1.034% | +0.051 pp | +0.030 pp | -0.672 pp | -0.490 pp | +14.4% |
| 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.