Finance & Payments
Banks, payments, brokers, insurers, and financial infrastructure. This page compares reported financial scale with the customer needs and operating signals that shape sector performance.
- Companies
- 102
- Average revenue
- $19.6B
- Average margin
- 24.9%
- Average growth
- 10.9%
What this industry is really competing to solve
Demand emerges when customers need to move, protect, borrow, invest, or account for money with confidence. The deeper motives are security, control, progress, status, and relief from financial uncertainty. This is why the competitive set extends beyond companies with the same industry code.
Customers can also choose cash, other institutions, internal treasury, informal finance, self-insurance, and avoiding the transaction. Industry growth becomes durable only when companies make the desired progress easier than those alternatives.
How demand becomes profit and cash
The common mechanism is earning spread, fees, or underwriting profit from trusted relationships, transaction frequency, and risk selection. Across the industry, the decisive investment question is whether growth in balances or volume compensates for credit, funding, compliance, and technology risk.
Average operating profit is $4.3B, but the spread between leaders and laggards matters more than the average alone. Compare scale, margin, growth, and the leading indicators together.
Finance & Payments companies
| Company | Revenue | Operating profit | Margin | Growth |
|---|---|---|---|---|
| JPMorgan Chase JPM | $182.4B | $57B | 31.3% | +2.8% |
| Bank of America BAC | $113.1B | $30.5B | 27.0% | +6.8% |
| Progressive PGR | $87.7B | $11.3B | 12.9% | +16.3% |
| Citigroup C | $85.2B | $14.3B | 16.8% | +5.6% |
| Wells Fargo WFC | $83.7B | $21.3B | 25.5% | +1.7% |
| MetLife MET | $77.1B | $3.4B | 4.4% | +8.6% |
| Morgan Stanley MS | $70.6B | $17B | 24.1% | +14.4% |
| Allstate ALL | $67.7B | $10.3B | 15.2% | +5.6% |
| Prudential Financial PRU | $60.8B | $3.7B | 6.1% | -13.7% |
| Chubb CB | $59.4B | $10.3B | 17.4% | +6.5% |
| Goldman Sachs GS | $58.3B | $17.2B | 29.5% | +8.9% |
| Capital One Financial COF | $53.4B | $2.5B | 4.6% | +36.6% |
| Travelers TRV | $48.8B | $7.8B | 16.0% | +5.2% |
| American Express AXP | $41.3B | $10.8B | 26.2% | +6.4% |
| Visa V | $40B | $24B | 60.0% | +11.3% |
| PayPal Holdings PYPL | $33.2B | $6.1B | 18.3% | +4.3% |
| Mastercard MA | $32.8B | $18.9B | 57.6% | +16.4% |
| Apollo Global Management APO | $32B | $6.7B | 20.8% | +22.7% |
| U.S. Bancorp USB | $28.7B | $7.6B | 26.4% | +4.4% |
| Marsh McLennan MRSH | $27B | $6.2B | 23.1% | +10.3% |
| American International Group AIG | $26.8B | $3.1B | 11.6% | -1.7% |
| Block XYZ | $24.2B | $1.7B | 7.1% | +0.3% |
| Charles Schwab SCHW | $23.9B | $8.9B | 37.0% | +22.0% |
| Reinsurance Group of America RGA | $23.7B | $1.2B | 5.0% | +7.2% |
| PNC Financial Services PNC | $23.1B | $8.5B | 36.7% | +7.2% |
| Synchrony Financial SYF | $22.6B | $4.6B | 20.4% | -0.2% |
| BNY BNY | $20.1B | $5.6B | 27.8% | +7.8% |
| Arch Capital Group ACGL | $19.9B | $5.2B | 25.9% | +14.3% |
| KKR KKR | $19.5B | $6.1B | 31.6% | -11.0% |
| Ameriprise Financial AMP | $18.9B | $3.6B | 18.8% | +5.5% |
| Loews L | $18.5B | $1.8B | 9.6% | +5.4% |
| Lincoln National LNC | $18.2B | $1.2B | 6.5% | -1.2% |
| Aon AON | $17.2B | $4.3B | 25.3% | +9.4% |
| Aflac AFL | $17.2B | $3.6B | 21.2% | -9.3% |
| LPL Financial Holdings LPLA | $17B | $1.2B | 6.8% | +37.2% |
| Raymond James Financial RJF | $15.9B | $2.1B | 13.4% | +6.6% |
| Markel Group MKL | $15.5B | $3.2B | 20.6% | +4.7% |
| S&P Global SPGI | $15.3B | $6.5B | 42.2% | +7.9% |
| CNA Financial CNA | $15B | $1.6B | 10.8% | +5.0% |
| W. R. Berkley WRB | $14.7B | $1.8B | 12.1% | +7.8% |
| Blackstone BX | $14.5B | $6B | 41.8% | +9.2% |
| State Street STT | $13.9B | $2.9B | 21.1% | +7.3% |
| Arthur J. Gallagher AJG | $13.9B | $1.5B | 10.7% | +20.7% |
| Assurant AIZ | $12.8B | $873M | 6.8% | +7.9% |
| Intercontinental Exchange ICE | $12.6B | $4.9B | 39.0% | +7.5% |
| Cincinnati Financial CINF | $12.6B | $2.4B | 18.9% | +11.4% |
| Fidelity National Information Services FIS | $10.7B | $1.7B | 16.3% | +5.4% |
| Willis Towers Watson WTW | $9.7B | $2.2B | 23.0% | -2.2% |
