sectors
Financials
Visa and Mastercard report network-service revenue, while Bank of America presents revenue net of interest expense and Goldman Sachs reports financial-services net revenues. These are different business and accounting models within the broad financials grouping. Transaction volume is not payment-network revenue, and a bank provision for credit losses is not a manufacturer cost-of-goods line. Coverage in this edition: Visa Inc. (V), Mastercard Incorporated (MA), Bank of America Corporation (BAC), The Goldman Sachs Group, Inc. (GS). Reading approach Use network revenue, bank net interest income, credit provisions and returns on equity within their own definitions. Compare GAAP results before adding company-adjusted figures. Comparison limits Funding conditions, credit losses, transaction mix and market activity affect the companies differently. The four-company sample is not a sector index or a statement about the whole industry. Classification note Sector names are editorial research groupings for this website, not a licensed or issuer-confirmed classification. Figures, dates and source links are provided on the company and report pages.
Payment networks and financial intermediaries: Reported FY2025 Results →