Payfare Inc
TSX:PAY
Gross Margin
Payfare Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| CA |
|
Payfare Inc
TSX:PAY
|
192.3m CAD |
26%
|
|
| US |
|
Visa Inc
NYSE:V
|
750.1B USD |
80%
|
|
| US |
|
Mastercard Inc
NYSE:MA
|
511.2B USD |
0%
|
|
| US |
|
Automatic Data Processing Inc
NASDAQ:ADP
|
127.4B USD |
47%
|
|
| US |
|
Fiserv Inc
NYSE:FI
|
78.8B USD |
61%
|
|
| US |
|
PayPal Holdings Inc
NASDAQ:PYPL
|
69.9B USD |
41%
|
|
| NL |
|
Adyen NV
AEX:ADYEN
|
48.1B EUR |
89%
|
|
| US |
|
Paychex Inc
NASDAQ:PAYX
|
52.9B USD |
89%
|
|
| US |
|
Fidelity National Information Services Inc
NYSE:FIS
|
42.9B USD |
37%
|
|
| ES |
|
Amadeus IT Group SA
MAD:AMS
|
31.2B EUR |
75%
|
|
| US |
|
Broadridge Financial Solutions Inc
NYSE:BR
|
29B USD |
30%
|
Payfare Inc
Glance View
Payfare, Inc. engages in the provision of mobile banking, instant payment, and loyalty-reward solutions. The company is headquartered in Toronto, Ontario and currently employs 70 full-time employees. The company went IPO on 2021-03-19. The firm provides instant payout and digital banking solutions for gig economy. The firm partners with platforms and marketplaces, such as Uber, Lyft and DoorDash to provide financial security and inclusion for their workforce. The company provides gig workers with instant access to their earnings and digital banking experience allowing them to focus financially rather than having to depend on the traditional banking system, payday loans, overdraft and credit cards. The firm operates in Canada, United States and Mexico. Its wholly owned subsidiaries include Payfare International Inc. and Payfare Mexico Inc. S.A. de C.V.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Payfare Inc's most recent financial statements, the company has Gross Margin of 25.7%.
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