Top ten payments companies processed $11 trillion in 2025 payment card volume

TSG, a globally recognized analytics, intelligence, and solutions-focused firm in the payments industry, has recently published new rankings for payment companies based on processing volume, transactions, and merchant count. The company worked closely with payments companies to compile the industry's most comprehensive resource on merchant acquirers. Collectively, the companies highlighted process over 95% of all card payment volume in the U.S. in 2025.

The top five payment companies processed nearly $9 trillion in card volume, representing about two-thirds of the total card volume tracked in TSG's Directory. This highlights the dominance of these companies in the market and their significant impact on the payments industry.

Looking at the top-ranked companies, Global Payments has moved into the top spot after acquiring Worldpay. The company processed nearly $2.8 trillion in U.S. volume across over 53 billion transactions. This impressive figure underscores Global Payments' leadership in the payments sector and its ability to adapt and grow through strategic acquisitions.

Stripe has also joined the top 5 (ranked #4) for the first time, with over $900 billion in U.S. processing volume, up 45% year-over-year. This significant growth demonstrates Stripe's rapid expansion and increasing influence in the payments industry. The company's ability to process a substantial amount of card volume in a relatively short period is a testament to its innovative approach and strong market presence.

The entire top ten list is available for reference, showcasing the leading players in the payments industry. This data is highlighted in TSG's 2026 Directory of U.S. Merchant Acquirers, sponsored by Deluxe Merchant Services. The directory features over 11,700 data points on more than 300 companies, covering national leaders to regional ISOs. It has been a reference tool and buyer's guide for executives, analysts, and major media across the industry for over fifteen years.

In total, the companies featured in the directory represent 300+ merchant acquirers, $13.5T+ in represented processing volume, 550+ sponsor bank relationships, 940+ total front/back-end processing relationships, and 55+ total in-house processing platforms. This comprehensive data provides valuable insights into the merchant acquiring landscape and helps stakeholders make informed decisions.

The report is exclusive to eReports subscribers, which offer direct insights into the merchant acceptance space. To access these reports and trial products, one can create an account at the TSG Portal. Using the 2026 edition, TSG has published new insights on the merchant acquiring landscape, providing valuable information for industry professionals and investors.

In conclusion, the TSG rankings highlight the top payment companies that processed $11 trillion in 2025 payment card volume, with the top five companies processing nearly $9 trillion. This data underscores the importance of these companies in the payments industry and provides valuable insights into the market dynamics. The comprehensive directory offers a wealth of information on merchant acquirers, processing volume, transactions, and merchant count, making it an essential resource for industry professionals and stakeholders.