LSAK (LSAK) revenue breakdown
By segment, Merchant is the largest at 70% of fiscal 2026 revenue, growing 40% a year over 6 years.
By product, ADP is the largest at 68% of fiscal 2026 revenue; Acquiring grew fastest, 92% a year over 2 years.
Revenue by segment
Fiscal years, as LSAK reports them in its 10-K filings; fiscal 2026 total $722M.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merchant | — | — | — | $68M | $63M | $157M | $417M | $456M | $524M | $506M | 70% |
| Consumer | — | — | — | $71M | $66M | $66M | $63M | $69M | $96M | $142M | 20% |
| Enterprise Segment | — | — | — | — | — | — | $47M | $39M | $39M | $73M | 10% |
| South African Transaction Processing | $249M | $268M | — | — | — | — | — | — | — | — | — |
| Financial Inclusion And Applied Technologies | $236M | $222M | — | — | — | — | — | — | — | — | — |
| International Transaction Processing | $177M | $180M | — | — | — | — | — | — | — | — | — |
| Processing | — | — | $118M | — | — | — | — | — | — | — | — |
| Financial Services | — | — | $57M | — | — | — | — | — | — | — | — |
| Technology | — | — | $20M | — | — | — | — | — | — | — | — |
| Other | — | — | — | $5M | — | — | — | — | — | — | — |
| Unallocated | — | — | — | — | $2M | — | — | — | — | — | — |
| Unallocated | — | — | — | — | — | — | $1M | — | — | — | — |
Revenue by product
Fiscal years, as LSAK reports them in its 10-K filings; fiscal 2026 total $621M.
| Products | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADP | — | — | — | — | — | — | — | $421M | $435M | $420M | 68% |
| Transactional Fees | — | — | — | — | — | — | — | $31M | $40M | $50M | 8% |
| Acquiring | — | — | — | — | — | — | — | $13M | $33M | $47M | 8% |
| Cash | — | — | — | — | — | — | — | $40M | $44M | $42M | 7% |
| Other | — | — | — | $5M | $2M | $5M | $5M | $13M | $25M | $25M | 4% |
| Software | — | — | — | — | — | — | — | — | $15M | $22M | 4% |
| Utilities | — | — | — | — | — | — | — | — | $4M | $15M | 2% |
| Prepaid Airtime Sold | — | — | — | $23M | $13M | $70M | $323M | — | — | — | — |
| South African Transaction Processing | $225M | — | — | — | — | — | — | — | — | — | — |
| Financial Inclusion And Applied Technologies | $209M | — | — | — | — | — | — | — | — | — | — |
| Financial Inclusion And Applied Technologies | — | $195M | — | — | — | — | — | — | — | — | — |
| International Transaction Processing | — | $180M | — | — | — | — | — | — | — | — | — |
| International Transaction Processing | $177M | — | — | — | — | — | — | — | — | — | — |
| Processing Fees | — | $238M | — | $61M | $63M | $85M | $139M | — | — | — | — |
| Services Rendered | — | — | $137M | — | — | — | — | — | — | — | — |
| Loan-based Fees Received | — | — | $28M | — | — | — | — | — | — | — | — |
| Technology Products | — | — | — | $18M | $19M | $26M | $20M | — | — | — | — |
| Lending Revenue | — | — | — | $20M | $21M | $22M | $20M | — | — | — | — |
| Sale of Goods | — | — | $15M | — | — | — | — | — | — | — | — |
| Insurance Revenue | — | — | — | $5M | $7M | $9M | $10M | — | — | — | — |
| Interest From Customers | — | — | — | — | — | $1M | $6M | — | — | — | — |
| Account Holder Fees | — | — | — | $13M | $5M | $6M | $6M | — | — | — | — |
| Variation of Price Related to SASSA | — | — | -$20M | — | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as LSAK reports them in its 10-K filings; fiscal 2026 total $722M.
| Regions | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|
| South Africa | $151M | $139M | $127M | $215M | $506M | $538M | $625M | $679M | 94% |
| Rest Of World | $10M | $5M | $3M | $7M | $22M | $27M | $35M | $43M | 6% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LSAK.
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Where does LSAK make its money?
In fiscal 2026, by segment: Merchant $506M, Consumer $142M, Enterprise Segment $73M.
From LSAK's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.