Transaction & Payment Processing Services
Transaction & Payment Processing Services is losing market weight. Lost weight for 7 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 81% 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
Nov 2020 – Oct 2025 · 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 |
|---|---|---|---|---|---|---|
| Fiserv → FISV | Transaction & Payment Processing Services | United States | 0.070% | -0.194 pp | -66.3% | 0.0 |
| PayPal → PYPL | Transaction & Payment Processing Services | United States | 0.127% | -0.060 pp | -12.6% | 0.0 |
| Fidelity National Information Services → FIS | Transaction & Payment Processing Services | United States | 0.064% | -0.051 pp | -28.9% | 0.0 |
| Global Payments → GPN | Transaction & Payment Processing Services | United States | 0.037% | -0.025 pp | -24.2% | 0.0 |
| Corpay → CPAY | Transaction & Payment Processing Services | United States | 0.036% | -0.018 pp | -21.0% | 0.0 |
| Mastercard → MA | Transaction & Payment Processing Services | United States | 0.132% | -0.011 pp | +11.1% | 0.0 |
| Jack Henry & Associates → JKHY | Transaction & Payment Processing Services | United States | 0.021% | -0.010 pp | -17.0% | 0.0 |
| Visa Inc. → V | Transaction & Payment Processing Services | United States | 0.313% | -0.006 pp | +18.4% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Oct 2025 | 0.801% | -0.099 pp | -0.188 pp | -0.380 pp | -0.376 pp | -31.5% |
| Sep 2025 | 0.901% | -0.080 pp | -0.182 pp | -0.338 pp | -0.215 pp | -17.6% |
| Aug 2025 | 0.981% | -0.008 pp | -0.148 pp | -0.239 pp | -0.158 pp | -10.7% |
| Jul 2025 | 0.989% | -0.094 pp | -0.192 pp | -0.238 pp | +0.192 pp | -5.8% |
| Jun 2025 | 1.083% | -0.046 pp | -0.156 pp | -0.105 pp | +0.291 pp | +5.8% |
| May 2025 | 1.129% | -0.052 pp | -0.091 pp | -0.066 pp | +0.297 pp | +4.7% |
| Apr 2025 | 1.181% | -0.058 pp | -0.046 pp | +0.004 pp | -0.111 pp | +2.3% |
| Mar 2025 | 1.239% | +0.019 pp | +0.051 pp | +0.123 pp | -0.060 pp | +7.8% |
| Feb 2025 | 1.220% | -0.007 pp | +0.025 pp | +0.082 pp | -0.068 pp | +9.5% |
| Jan 2025 | 1.227% | +0.040 pp | +0.050 pp | +0.430 pp | -0.078 pp | +8.3% |
| Dec 2024 | 1.187% | -0.007 pp | +0.072 pp | +0.395 pp | -0.069 pp | +10.1% |
| Nov 2024 | 1.195% | +0.018 pp | +0.056 pp | +0.363 pp | -0.070 pp | +9.9% |
| Oct 2024 | 1.177% | +0.062 pp | +0.380 pp | -0.115 pp | -0.065 pp | +8.2% |
| Sep 2024 | 1.115% | -0.023 pp | +0.323 pp | -0.183 pp | -0.161 pp | -0.9% |
| Aug 2024 | 1.139% | +0.342 pp | +0.307 pp | -0.150 pp | -0.155 pp | -2.0% |
| Jul 2024 | 0.797% | +0.005 pp | -0.495 pp | -0.509 pp | -0.111 pp | -4.8% |
| Jun 2024 | 0.792% | -0.040 pp | -0.506 pp | -0.464 pp | -0.135 pp | -8.3% |
| May 2024 | 0.832% | -0.460 pp | -0.457 pp | -0.433 pp | -0.089 pp | -2.0% |
| Apr 2024 | 1.292% | -0.006 pp | -0.014 pp | +0.050 pp | -0.090 pp | -3.5% |
| Mar 2024 | 1.298% | +0.010 pp | +0.042 pp | +0.022 pp | -0.044 pp | -0.3% |
| Feb 2024 | 1.289% | -0.017 pp | +0.024 pp | -0.006 pp | -0.108 pp | -5.1% |
| Jan 2024 | 1.306% | +0.049 pp | +0.064 pp | +0.398 pp | -0.123 pp | -4.9% |
| Dec 2023 | 1.256% | -0.008 pp | -0.020 pp | +0.329 pp | -0.111 pp | -6.2% |
| Nov 2023 | 1.265% | +0.023 pp | -0.029 pp | +0.344 pp | -0.095 pp | -6.1% |
| Oct 2023 | 1.242% | -0.034 pp | +0.334 pp | -0.140 pp | -0.210 pp | -16.6% |
| Sep 2023 | 1.276% | -0.018 pp | +0.349 pp | -0.067 pp | -0.217 pp | -13.9% |
| Aug 2023 | 1.294% | +0.386 pp | +0.373 pp | -0.102 pp | -0.230 pp | -13.7% |
| Jul 2023 | 0.908% | -0.019 pp | -0.474 pp | -0.521 pp | -0.603 pp | -13.0% |
| Jun 2023 | 0.927% | +0.007 pp | -0.416 pp | -0.440 pp | -0.574 pp | -7.8% |
| May 2023 | 0.921% | -0.461 pp | -0.475 pp | -0.439 pp | -0.666 pp | -13.6% |
| Apr 2023 | 1.382% | +0.039 pp | -0.047 pp | -0.070 pp | -0.216 pp | -7.1% |
| Mar 2023 | 1.343% | -0.053 pp | -0.025 pp | -0.150 pp | -0.280 pp | -9.5% |
| Feb 2023 | 1.396% | -0.033 pp | +0.037 pp | -0.128 pp | -0.225 pp | -4.4% |
| Jan 2023 | 1.429% | +0.062 pp | -0.023 pp | -0.082 pp | -0.500 pp | -18.2% |
| Dec 2022 | 1.367% | +0.008 pp | -0.126 pp | -0.133 pp | -0.465 pp | -16.2% |
| Nov 2022 | 1.359% | -0.092 pp | -0.164 pp | -0.227 pp | -0.454 pp | -13.4% |
| 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% |
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.