Co-movers

daily closes · 500dMethod

Moved together

PSFEwithV

×0.12co-movement · V on PSFE · 500d

r 0.36scale to r 0.75

Shared co-movers3with PSFEwith V

GPNGlobal Payments Incr 0.49r 0.55

CPAYCorpay, Inc.r 0.48r 0.50

AXPAmerican Express Cor 0.46r 0.57

PSFE, solidV, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

PSFEPaysafe Ltd

6.55+9.43%· post 6.57

Mkt cap$339.5MRevenue—Revenue—

VVisa Inc.

436.66+3.86%· post 438.07

ClosedNov 4 '26

Mkt cap$779.0BRevenue$11.6BQ3 FY26Revenue$40.0BFY25

vs

Compare

ClosedNov 4 '26

PSFEPaysafe Ltd

vs

VVisa Inc.

6.55+9.43%post 6.57

Price

436.66+3.86%post 438.07

$339.5M

Mkt cap

$779.0B

—

Revenue

$11.6BQ3 FY26

—

Revenue

$40.0BFY25

PSFE compared with V: revenue, margins and what each company keeps, and the suppliers and customers both name