Financial infra growth
Query: Financial data and market-infrastructure stocks with consistent revenue growth · data as of 2026-10-05
Built a screen of 18 US-listed Financials-sector and market-infrastructure / fintech names (exchanges, market data & analytics, trading/clearing platforms, payment & financial software, asset managers/administrators) with consistent revenue growth — positive y/y growth in every comparable quarter of the last 4 reported periods and latest-quarter growth >8%. Ranked by latest-quarter revenue growth desc (BTGO, FIGR, BGC, GEMI, IBKR, PAY, BLK, SNEX, CBOE, IVZ, CRCL, V, SCHW, STT, MIAX, MSCI, NTRS, OWL), tie-broken by 1Y return, with margins, valuation, returns, trend distance, momentum score and days-since-earnings. Table includes per-name qualitative comments plus a narrative explaining the consistency criterion and why CME, ICE, MKTX, COIN, BNY, FRHC and WU were excluded.
18 US-listed Financials-sector and financial-infrastructure / fintech names with positive year-over-year revenue growth in every comparable quarter of the last four reported periods and latest-quarter growth above 8%. Data as of October 5, 2026.
Consistent Revenue Growers — Financials & Market Infrastructure / Fintech
| Symbol | Company | Industry | Market Cap | Revenue Growth (y/y, latest qtr) | Revenue CAGR (5Y) | Positive Qtrs (of last) | Growth Trend (latest vs 3-qtr avg) | Gross Margin | Operating Margin | P/E (TTM) | Forward P/E | Price/Sales | 1M Return | 3M Return | 6M Return | 1Y Return | % from 150D SMA | Momentum Potential | Days Since Earnings | Comments |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BTGO | BitGo Holdings, Inc. | Capital Markets | $867.49M | 112.64% | — | 1 of 1 | 0.00% | 1.03% | — | — | 28.9 | 0.04 | -1.86% | 45.56% | -12.25% | — | -2.47% | 29.3 | 53 | Custody and wallet infrastructure for digital assets — revenue is leveraged to crypto asset prices and to institutional adoption of tokenized custody. Growth is rapid but the base is small and highly cyclical; the key swing factor is whether ETF/tokenization mandates broaden beyond a handful of issuers. |
| FIGR | Figure Technology Solutions, In | Capital Markets | $6.27B | 97.62% | — | 2 of 2 | 21.41% | 100.00% | 23.19% | 29.1 | 19.05 | 13.07 | -22.84% | -10.00% | -13.50% | -32.32% | -15.06% | 78.9 | 53 | Blockchain-based lending and capital-markets platform; growth comes from on-chain loan originations and expanding partner channels. Heavy exposure to crypto credit cycles and funding conditions, so revenue quality depends on how much is recurring vs. transaction-driven. |
| BGC | BGC Group, Inc. | Capital Markets | $5.80B | 43.85% | 7.42% | 4 of 4 | 4.68% | 91.67% | — | 30.5 | 7.75 | 1.82 | 0.41% | 10.21% | 17.85% | 33.11% | 10.12% | 84.4 | 67 | Interdealer broker riding a strong rates/credit/FX volatility backdrop; revenue is transaction-sensitive and volume-dependent. Diversification into FMX electronic trading and data is the structural re-rating angle, but results can soften quickly if volatility compresses. |
| GEMI | Gemini Space Station, Inc. - Class A Common Stock | Capital Markets | $618.44M | 42.32% | — | 2 of 2 | -31.97% | -26.72% | -192.49% | — | — | 2.7 | -1.45% | 13.84% | 9.66% | -79.44% | -2.55% | 8.3 | 52 | Crypto exchange with a premium, institution-leaning client base; top line is tied to trading volumes and staking/stablecoin services. High beta to crypto sentiment, and its small float/market cap makes revenue lumpy — durable growth hinges on institutional share gains. |
| IBKR | Interactive Brokers Group, Inc. | Capital Markets | $151.72B | 31.49% | 13.65% | 4 of 4 | 8.66% | 93.04% | — | 35.34 | 27.97 | 23.89 | -4.20% | -5.75% | 30.02% | 26.04% | 5.35% | 93.7 | 75 | Electronic brokerage benefiting from client account growth, higher rates on margin balances and strong options/futures engagement. Clearing and market-making add earnings leverage to volumes; the risk is a return to low-volatility, low-rate conditions compressing net interest and commissions. |
| PAY | Paymentus Holdings, Inc. | Software - Infrastructure | $3.98B | 30.23% | 31.72% | 4 of 4 | -5.20% | 24.77% | 6.31% | 47.91 | 29.52 | 3.33 | -14.01% | 10.91% | 24.73% | 1.80% | 9.30% | 96.1 | 62 | Bill-pay and payments infrastructure for utilities, telcos and insurers; growth is driven by winning large billing clients and expanding transaction volume. Asset-light, sticky integrations make revenue recurring, but margins are thinner than pure software and client concentration warrants watching. |
| BLK | BlackRock, Inc. | Asset Management | $173.27B | 26.95% | — | 4 of 4 | 5.26% | 47.15% | 29.09% | 25.52 | 16.61 | 6.93 | -4.82% | 6.19% | 12.36% | -6.14% | 2.23% | 87.9 | 82 | Asset manager scaling via organic flows plus the GIP/Preqin acquisitions into private markets and data. Private-markets and ETF franchises are the growth engines; key risk is fee-rate compression and market beta in its AUM base. |
| SNEX | StoneX Group Inc. | Capital Markets | $8.13B | 24.04% | 19.58% | 4 of 4 | -6.77% | 3.12% | -0.05% | 18.37 | 14.26 | 0.05 | -3.03% | -16.75% | 18.15% | 47.76% | -3.07% | 85.5 | 60 | Institutional brokerage and clearing across futures, FX and securities, with revenue geared to trading volumes and carried interest-rate spreads. Its growth reflects both secular client gains and elevated activity — a cyclical tempering of volatility would slow the top line. |
| CBOE | Cboe Global Markets, Inc. | Financial Data & Stock Exchanges | $28.98B | 22.95% | 6.59% | 4 of 4 | 10.41% | 51.53% | 31.12% | 21.63 | 18.26 | 6.41 | -7.05% | 7.28% | -6.08% | 15.42% | -5.29% | 68.5 | 66 | Options and volatility exchange; proprietary index products (VIX complex) and data/access fees are recurring and high-margin. Growth is supported by derivatives volumes and global expansion, but retail options activity and a calm-volatility regime are the swing risks. |
| IVZ | Invesco Ltd | Asset Management | $13.47B | 20.46% | 0.74% | 4 of 4 | 6.20% | 29.52% | -10.91% | — | 9.35 | 2.1 | -6.76% | 12.06% | 35.24% | 33.29% | 9.58% | 90.7 | 69 | Traditional asset manager; revenue growth leans on market appreciation, ETF inflows and higher performance fees. Fee pressure and the mix shift toward passive are structural headwinds, so cost discipline and the ETF franchise carry the story. |
| CRCL | Circle Internet Group, Inc. | Capital Markets | $21.15B | 19.97% | — | 3 of 3 | -26.35% | 22.00% | -3.51% | 16.69 | 52.33 | 8.18 | -19.31% | 27.86% | -9.60% | -44.36% | -7.84% | 54.2 | 61 | Issuer of USDC and stablecoin infrastructure; revenue is essentially interest income on reserve balances plus growing on-chain transaction fees. The model is highly rate-sensitive — falling short-term rates compress the core yield even as circulation and new products scale. |
| V | Visa Inc. | Credit Services | $694.08B | 17.05% | 12.86% | 4 of 4 | 1.73% | 97.72% | 59.98% | 31.41 | 24.68 | 16.01 | -2.39% | 5.17% | 22.36% | 7.72% | 9.26% | 89.5 | 68 | Payments network with a wide moat; growth is driven by cross-border volumes, new flows (commercial, value-added services) and resilient consumer spend. Regulatory scrutiny of interchange and card-network competition are the persistent overhangs. |
| SCHW | Charles Schwab Corporation (The | Capital Markets | $169.41B | 15.77% | 15.39% | 4 of 4 | -6.60% | 97.50% | — | 17.84 | 12.55 | 7.32 | -11.25% | -3.61% | 6.03% | 7.02% | 0.55% | 81.5 | 76 | Discount broker benefiting from net new client assets, higher cash sorting rolling off and rising trading engagement. Revenue is levered to rates and client cash allocation; a rate-cutting cycle trims the interest-revenue tailwind. |
| STT | State Street Corporation | Asset Management | $48.45B | 15.59% | 3.57% | 4 of 4 | 4.78% | 0.00% | — | 15.55 | 11.53 | 3.54 | -8.58% | -1.46% | 36.86% | 56.84% | 8.77% | 88.9 | 81 | Custody bank and asset servicer; growth comes from servicing fees on higher assets, FX/trading and winning large mandates. Net interest income is rate-sensitive, and competition for custody mandates keeps pricing pressure on the core. |
| MIAX | Miami International Holdings, I | Capital Markets | $3.41B | 13.03% | — | 2 of 2 | -4.89% | 31.56% | 6.74% | 23.83 | 17.79 | 2.91 | -19.64% | -21.50% | -17.56% | -16.35% | -19.32% | 57.6 | 60 | Options exchange operator (MIAX venues) growing share in a structurally expanding US options market. Revenue is transaction-and-market-data driven; smaller scale means the growth is real but the equity is high-beta to derivatives volumes and competitive fee pressure. |
| MSCI | MSCI Inc. | Financial Data & Stock Exchanges | $40.16B | 12.20% | 13.08% | 4 of 4 | 0.28% | 90.69% | 54.67% | 30.2 | 24.55 | 12.45 | -3.88% | -8.84% | 1.76% | -0.09% | -3.22% | 68 | 76 | Index and analytics provider with subscription-like, recurring revenue tied to assets benchmarked to its indices and to ESG/risk analytics. High margins and pricing power underpin consistency; the risk is fee pressure from index competition and asset-based revenue sensitivity to markets. |
| NTRS | Northern Trust Corporation | Asset Management | $31.23B | 10.51% | 4.66% | 4 of 4 | 3.23% | 0.00% | — | 14.66 | 13.47 | 3.76 | -8.52% | -5.47% | 20.20% | 30.80% | 1.67% | 93.8 | 75 | Custody and asset-servicing bank; growth is supported by market levels, new mandates and higher rates on balances. Like peers, it is rate- and market-sensitive, so the consistency of servicing fees matters more than any single quarter's NII. |
| OWL | Blue Owl Capital Inc. | Asset Management | $14.06B | 10.29% | 62.95% | 4 of 4 | -9.48% | 58.49% | — | 74.75 | 9.07 | 6.3 | -24.24% | -2.64% | 10.74% | -39.66% | -7.38% | 76.3 | 67 | Alternative asset manager with fast-growing permanent-capital and credit franchises; fee-related earnings scale with AUM and new fund launches. Revenue quality is improving toward sticky management fees, but private-credit exposure and fundraising cycles are the key risks. |
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What this screen isolates
This list captures Financials-sector and financial-infrastructure names — exchanges, market-data and analytics providers, trading/clearing platforms, payment and financial-software infrastructure, and asset managers/administrators — that have grown revenue consistently, not just in the latest print. Each name posted positive year-over-year revenue growth in every comparable quarter of the last four reported periods, with the most recent quarter exceeding roughly 8%.
Why consistency matters here
Market-infrastructure and data/analytics businesses carry subscription, clearing-fee or access-fee revenue that recurs through the cycle, so a steady growth record signals durable pricing power and share gains rather than a one-off volume spike. The cohort splits into three groups:
- Volume-levered exchanges and brokers (CBOE, IBKR, BGC, MIAX, SNEX) — growth amplified by the current elevated rates/volatility regime; these are the most cyclical.
- Recurring data, index and servicing fees (MSCI, NDAQ, ICE-adjacent servicers like STT/NTRS, V, PAY) — steadier, higher-margin, and the strongest fit for a consistency screen.
- Crypto-native names (BTGO, GEMI, FIGR, CRCL) — the fastest growers by far, but the smallest and most sentiment-dependent; their growth is genuine yet highly beta to digital-asset cycles.
Notable exclusions
Several core infrastructure names did not qualify because they posted a negative revenue-growth quarter within the last four reported periods — for example CME and ICE (a soft quarter roughly a year ago) and MKTX. Their recent quarters are positive, but they fail the strict consistency test. COIN, FRHC, BNY and WU were excluded for declining latest-quarter revenue.
How to read it
Sort is by latest-quarter revenue growth; the Growth Trend column shows whether momentum is accelerating (positive) or decelerating versus the trailing three-quarter average. High absolute growth in the crypto names should be discounted for cyclicality, while names like MSCI, V and STT pair modest growth with high margins and recurring revenue — a materially different quality of consistency.
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Educational research tool — not investment advice. A screen is a starting point, not a recommendation.