Paysafe (PSFE)
Multi-brand digital wallets, eCash vouchers, and merchant processing for the iGaming and entertainment economy.
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Runs Merchant Solutions (card processing for small and mid-sized merchants) and Digital Wallets (Skrill, Neteller, and paysafecard eCash), concentrated in iGaming, entertainment, and Latin American cash-based payments, with profitability driven mainly by the wallet business.
Runs two segments: Merchant Solutions provides card acquiring and processing for small and mid-sized merchants, while Digital Wallets operates the Skrill and Neteller e-wallets plus eCash vouchers such as paysafecard and cash rails including PaysafeCash and SafetyPay.
Revenue is spread across North America, Europe, and Latin America, serving iGaming, streaming and video gaming, travel, and digital-asset merchants rather than a horizontal, all-category card-acquirer base.
Digital Wallets carries most of the profit, running at a much higher margin than Merchant Solutions on a global eCash network and deep iGaming payment ties.
Assembled since 1996 almost entirely through acquisitions such as Skrill, Neteller, and paysafecard, the company moved from a London listing through a private-equity buyout into a SPAC-led Bermuda re-listing in 2021. Gambling-law exposure varies by market, and net leverage stood at 5.5 times adjusted EBITDA at year-end 2025.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 14, 2026 | RBC Capital | Reiterate | Rating: —Target: $11 | Target: $9 |
| Aug 14, 2026 | UBS | Reiterate | Rating: —Target: $7.50 | Target: $7 |
| Aug 12, 2026 | Susquehanna | Reiterate | Rating: —Target: $10 | Target: $7 |
| May 14, 2026 | UBS | Reiterate | Rating: —Target: — | Target: $7.50 |
| May 14, 2026 | RBC Capital | Reiterate | Rating: —Target: $10 | Target: $11 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $226.2M · Total debt $2.55B · Total assets $4.57B · Shareholders' equity $570.2M
- Revenue
- $447.4M
- Operating income
- $12.2M
- Net income
- −$58.9M
No dividends on record.
| Institutions | 58.08% | 30.02M ADS | |
|---|---|---|---|
| 150 holders · as of Jun 30, 2026 | |||
| Insiders | 4.67% | 2.41M ADS | |
| 17 holders · as of Sep 4, 2026 | |||
| Other | 37.25% | 19.25M ADS | |
| remainder | |||
51.68M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Blackstone Inc.Institution | 21.21% | 10.96M ADS | as of Jun 30, 2026 |
Private Management Group IncInstitution | 5.38% | 2.78M ADS | as of Jun 30, 2026 |
Fidelity National Financial, Inc.Institution | 4.35% | 2.25M ADS | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 3.65% | 1.89M ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 3.48% | 1.80M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Richard Swales | officer: Chief Risk & Compliance Ofcr. | −10,000 | $6.58 |
| May 15, 2026 | Richard Swales | officer: Chief Risk & Compliance Ofcr. | −10,000 | $7.69 |
| Mar 19, 2026 | Richard Swales | officer: Chief Risk & Compliance Ofcr. | −18,849 | $6.87 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Paysafe | $6.60 | +1.77% | $334.9M | — | 3.2 | 0.2 | +4.5% |
| PayPal | $52.95 | +0.63% | $45.01B | 9.9 | 9.5 | 1.3 | +4.8% |
| Shift4 Payments | $38.90 | −1.21% | $3.59B | 67.4 | 5.8 | 0.7 | −35.4% |
| Fiserv | $46.45 | −0.04% | $24.78B | 8.9 | 6.3 | 1.2 | −10.0% |
| dLocal | $14.12 | −1.34% | $4.20B | 21.0 | 14.3 | 3.1 | +55.8% |
| Block | $77.45 | −0.59% | $46.37B | 139.1 | 16.9 | 1.9 | +9.3% |
| Median | 21.0 | 9.5 | 1.3 | +4.8% |