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2024 U.S. Industry Statistics & Market Forecast - Credit Card Issuing


Market Size & Industry Statistics

The total U.S. industry market size for Credit Card Issuing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The credit card issuing industry is continuously evolving, with technology, regulation, and consumer behavior shaping the key trends for the industry. Some of the most significant trends impacting the industry include:

1. Mobile payments: The rise of smartphones has increased demand for mobile payments. Credit card issuers are leveraging mobile platforms to develop innovative payment methods like mobile wallets, which allow consumers to make transactions using their smartphones without the need for physical credit cards.

2. Big Data: Advances in technology have enabled issuers to collect vast amounts of data on consumer spending habits, which they can use to personalize services, prevent fraud, and make informed decisions about credit limits and interest rates.

3. Rewards and loyalty programs: Credit card issuers have increasingly focused on offering rewards and loyalty programs to attract and retain customers. Some issuers have formed partnerships with airlines, hotels, and other businesses to offer customers discounts and points accrual that they can redeem for goods and services.

4. Regulations: The industry is facing significant regulatory changes, including new data privacy laws that require issuers to be more transparent about how they collect, store, and use consumer data. Regulators are also clamping down on hidden fees and fine print to protect consumers from deceptive practices.

5. Cybersecurity: Credit card companies are investing heavily in cybersecurity measures to protect sensitive customer data from hackers and identity theft. This includes developing sophisticated risk management practices and partnering with third-party security providers to safeguard data.

Overall, the credit card issuing industry is rapidly evolving as new technology emerges and regulations and consumer preferences change. Companies that are proactive in adapting to these trends and investing in innovative solutions like mobile payments, rewards programs, and cybersecurity measures will be better positioned to succeed in the future.



Product & Services Breakdown

Research products and services in the Credit Card Issuing industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Loan Services - Income

Loans To Non-Financial Businesses

Vehicle Loans, Consumer

All Other Secured Or Guaranteed Loans To Consumers

Unsecured Loans To Consumers

Credit Card Services - Income

Credit Card Services For Cardholders, Business And Government

Credit Card Services For Cardholders, Consumer

Credit Card Services For Merchants

Other Products Supporting Financial Services - Fees



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Credit Card Issuing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Credit Card Issuing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Credit Card Issuing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 12%

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Chief Executives0%
General and Operations Managers4%
Operations Specialties Managers 5%
Business and Financial Operations Occupations 33%
Business Operations Specialists 6%
Financial Specialists 27%
Credit Counselors and Loan Officers 19%
Loan Officers 19%
Computer and Mathematical Occupations 6%
Computer Occupations 5%
Sales and Related Occupations 11%
Sales Representatives, Services 6%
Office and Administrative Support Occupations 37%
Financial Clerks 7%
Information and Record Clerks 22%
Customer Service Representatives 7%
Customer Service Representatives 7%
Loan Interviewers and Clerks 14%
Loan Interviewers and Clerks 14%
Source: Bureau of Labor Statistics


Credit Card Issuing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Credit Card Issuing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Credit Card Issuing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Credit Card Issuing industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Credit Card Issuing

  • Feb 05, 2024: TANGO CARD INC (Seattle, WA) awarded $90,000
  • Jan 10, 2024: AUROSTAR CORP (Fremont, CA) awarded $99,570