A valuation comparison of select high-growth FinTechs based on calendar 2026 estimates

Excludes SBC. For calendar 2026. Shopify, Block and Toast use a gross profit measure for top-line, Adyen is net revenue, and Shift4 is gross revenue less network fees.
Chart: by Bob's Payment Stock SubstackSource: Bob's Payment Stock Substack estimatesCreated with Datawrapper