PitchBook clients can access this report and its Excel data pack via the Research Center on the PitchBook Platform.
A shining market and a fintech shadow
Fintech bounced back in Q2, but it still lagged the broader market rally. The S&P and Nasdaq both posted some of their strongest gains in a single quarter, yet most fintech cohorts remained below their 2025 year-end valuation levels, underscoring how uneven the sector’s recovery has been.
The market’s selectivity continues to stand out, as earnings beats may no longer be enough on their own. Companies with clear catalysts, such as strong guidance, better product momentum, demonstrated AI efficiencies, and even inclusion in a major index are seeing sustained stock price growth. Meanwhile, buybacks continued to pick up and AI levers continued to be explored, with investors rewarding the news only when it came alongside real operating momentum.
Our Q2 2026 Fintech & Payments Public Comp Sheet tracks metrics for key publicly traded companies that include stock performance, changes in valuation, historical valuations, revenue growth, EBITDA growth, and EBITDA margins. It is constructed using the PitchBook Excel plugin available to subscribers.
