[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![bobspaysubstack Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1910712335162871808.png) Bob's Payment Stock Substack [@bobspaysubstack](/creator/twitter/bobspaysubstack) on x XXX followers
Created: 2025-07-21 18:06:48 UTC

By my math, Shopify $SHOP now has a market cap that is roughly equal to Fiserv $FI and PayPal $PYPL COMBINED. Fiserv and PayPal will do $12B in FCF this year, Shopify perhaps $2.5B. Are legacy payments companies dead? The market certainly thinks so, IMO.


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947357607796072938/c:line.svg)

**Related Topics**
[pypl](/topic/pypl)
[$25b](/topic/$25b)
[$12b](/topic/$12b)
[market cap](/topic/market-cap)
[$shop](/topic/$shop)
[stocks technology](/topic/stocks-technology)
[$fi](/topic/$fi)
[stocks financial services](/topic/stocks-financial-services)

[Post Link](https://x.com/bobspaysubstack/status/1947357607796072938)