Article

Market Cap Performance for Card Issuers and Networks

Every month we publish a snapshot of the stock market performances of more than 120 companies that earn revenue from customers in the payment card industry. For the complete rankings, log in and download Issue 1300. This article features the four publicly traded card payment networks and the top 20 publicly traded payment card issuers. Combined, the card networks held a market capitalization of more than $1.570 trillion as of December 31, 2025, up 15.6% from $1.358 trillion at year-end 2024. The largest growt...

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© Copyright 2026 Nilson Report

Newsletter

January 2026

Articles in this Issue

Charts, Tables and Graphs in this Issue

Available only to subscribers

Projected Cards in Circulation 2020, 2025, 2030 (with 5-Year Change)

Largest Investments in Merchant Processing, Acquiring—2025

Merchant Processing and Acquiring Investments by Region

Publicly Traded Card Networks Market Capitalization Change 2025 vs. 2024

Publicly Traded Card Issuers—Market Capitalization Change

Visa & Mastercard Worldwide thru 3Q25

Publicly Traded Companies in Payments