which payments sector firms are diversifying revenue streams
A GlobalData analysis of companies in the cards & payments industry has shed light on which companies are diversifying their revenue streams, and which are concentrating their activities in particular geographic areas or sectors.
The table below shows how the ten largest companies in the cards & payments industry are performing with regards to diversification.
Not all major cards & payments firms have been successfully diversifying their revenue streams, however.
EVO Payments, Inc has seen its revenues increasingly concentrated in particular geographic regions.
The concentration of the company's geographic revenue distribution rose by 88% between 2018 and 2020, compared to a median decrease of 1.8% for other firms in the sector.
The corporation saw its largest revenue growth between 2018 and 2020 in Europe, which grew from 37.45% of the company's revenues to 33.73%.
The largest share of EVO Payments, Inc's revenue comes from the Americas, which accounted for 56.7% of the firm's global earnings in 2020.
The concentration of Commerce Bancshares Inc's revenue distribution across product categories rose by 39.5%, compared to a median decrease of 2.9% for other firms in the sector.
The largest share of Commerce Bancshares Inc's revenue comes from commercial activities, which accounted for 41.9% of the firm's global earnings in 2020.
The analysis sheds light on how different companies in the cards & payments industry are hedging against risks.
Among all companies examined by GlobalData, geographic revenue concentration fell by an average of 0.5% between 2018 and 2020, compared to an average decrease of 1.78% for the cards & payments industry.
Product revenue concentration among all companies examined rose by a median of 1%, compared to an average decrease of 2.9% for the cards & payments industry.