Filing Flows › Industries › Services-Business Services, NEC › Capital spending and supply chain
Services-Business Services, NEC: capital spending and supply chain
SIC 7389 · 68 companies with filed cash-flow statements
Capital spending, 12 months$10.6B
Operating cash flow$80.2B
Capex / cash flow13%
Capex / revenue2.2%
Top 3 share42%
Analysis
68 companies in Services-Business Services, NEC (SIC 7389) spent $10.6B on capital projects over their latest twelve months, 13% of the $80.2B their operations generated; the three largest spenders — FISV, MELI, GPN — account for 42%.
Capital spending is 2.2% of the industry's $487.8B of annual revenue.
By the industry's asset mix most of it goes to software (47%); about $2.3B is imported.
The largest supplier of that spending is software publishers ($2.3B).
Its largest supplying industries, by the input-output tables: other real estate ($14.5B), employment services ($12.6B), imports ($8.8B).
Charts
Capital spending by company
| Company | Capital spending | Operating cash flow | Capex / OCF | Period |
|---|---|---|---|---|
| FISV Fiserv | $1.9B | $5.0B | 37% | TTM to Q3 2026 |
| MELI MercadoLibre | $1.6B | $13.9B | 12% | TTM to Q3 2026 |
| GPN Global Payments | $897M | $728M | 123% | TTM to Q3 2026 |
| AKAM Akamai Technologies | $893M | $1.4B | 62% | TTM to Q3 2026 |
| PYPL PayPal Holdings | $794M | $7.1B | 11% | TTM to Q3 2026 |
| MA Mastercard | $779M | $16.9B | 5% | TTM to Q3 2026 |
| EBAY eBay | $637M | $3.0B | 21% | TTM to Q3 2026 |
| UBER Uber Technologies | $314M | $10.7B | 3% | TTM to Q3 2026 |
| DASH DoorDash | $262M | $3.0B | 9% | TTM to Q3 2026 |
| RBA RB Global | $250M | $861M | 29% | TTM to Q2 2026 |
| CNXC Concentrix | $212M | $787M | 27% | TTM to Q3 FY26 |
| CPAY Corpay | $196M | $1.5B | 13% | TTM to Q3 2026 |
| CSGP Costar Group | $195M | $617M | 32% | TTM to Q3 2026 |
| WEX WEX | $166M | −$125M | — | TTM to Q3 2026 |
| FIS Fidelity National Information Services | $161M | $2.9B | 5% | TTM to Q3 2026 |
| CTEV Claritev | $151M | $133M | 113% | TTM to Q2 2026 |
| ZG Zillow Group | $132M | $445M | 30% | TTM to Q3 2026 |
| ALIT Alight, Inc. / Delaware | $98.0M | $305M | 32% | TTM to Q3 2026 |
| TNET Trinet Group | $92.0M | $378M | 24% | TTM to Q3 2026 |
| BAER Bridger Aerospace Group Holdings | $85.2M | −$3.9M | — | TTM to Q2 2026 |
| BR Broadridge Financial Solutions | $67.3M | $1.4B | 5% | TTM to Q1 FY27 |
| CART Maplebear | $58.0M | $1.3B | 5% | TTM to Q3 2026 |
| GETY Getty Images Holdings | $57.6M | −$25.4M | — | TTM to Q2 2026 |
| EXLS ExlService Holdings | $55.0M | $326M | 17% | TTM to Q3 2026 |
| TIC TIC Solutions | $52.1M | $86.3M | 60% | TTM to Q3 2026 |
| WU Western Union | $44.0M | $457M | 10% | TTM to Q3 2026 |
| PAYO Payoneer Global | $40.1M | $242M | 17% | TTM to Q3 2026 |
| MSCI MSCI | $39.6M | $1.6B | 2% | TTM to Q3 2026 |
| CNDT Conduent | $38.0M | −$69.0M | — | TTM to Q3 2026 |
| MMS Maximus | $36.3M | $470M | 8% | TTM to Q3 FY26 |
| AMTM Amentum Holdings | $31.0M | $505M | 6% | TTM to Q3 FY26 |
| PRTH Priority Technology Holdings | $26.4M | $135M | 20% | TTM to Q3 2026 |
| CBZ Cbiz | $23.7M | $291M | 8% | TTM to Q3 2026 |
| IMXI International Money Express | $22.2M | $31.1M | 72% | TTM to Q2 2026 |
| ANDG Andersen Group | $20.2M | $189M | 11% | TTM to Q2 2026 |
| FOUR Shift4 Payments | $18.0M | $642M | 3% | TTM to Q3 2026 |
| RELY Remitly Global | $14.9M | $409M | 4% | TTM to Q3 2026 |
| PHR Phreesia | $10.6M | $91.4M | 12% | TTM to Q2 FY27 |
| NUTX Nutex Health | $10.4M | $258M | 4% | TTM to Q3 2026 |
| ACVA ACV Auctions | $9.8M | $38.9M | 25% | TTM to Q2 2026 |
| LQDT Liquidity Services | $8.2M | $98.2M | 8% | TTM to Q3 FY26 |
| CASS Cass Information Systems | $7.4M | $40.7M | 18% | TTM to Q3 2026 |
| NOTE FiscalNote Holdings | $7.1M | −$7.7M | — | TTM to Q2 2026 |
| DHX DHI Group | $6.7M | $28.9M | 23% | TTM to Q3 2026 |
| ETSY Etsy | $5.6M | $598M | 1% | TTM to Q3 2026 |
| RMNI Rimini Street | $4.9M | $27.2M | 18% | TTM to Q3 2026 |
| SGRP Spar Group | $3.1M | −$15.2M | — | TTM to Q2 2026 |
| POWW Outdoor Holding | $2.7M | $12.1M | 22% | TTM to Q1 FY27 |
| RPAY Repay Holdings | $2.5M | $113M | 2% | TTM to Q2 2026 |
| HQY Healthequity | $2.5M | $490M | 0% | TTM to Q2 FY27 |
| QNST Quinstreet | $2.4M | $135M | 2% | TTM to Q1 FY27 |
| HGBL Heritage Global | $2.2M | $3.9M | 55% | TTM to Q3 2026 |
| PAYS Paysign | $1.4M | $74.9M | 2% | TTM to Q2 2026 |
| SCOR Comscore | $1.0M | $20.8M | 5% | TTM to Q2 2026 |
| FLYW Flywire | $1.0M | $135M | 1% | TTM to Q3 2026 |
| SEZL Sezzle | $1.0M | $299M | 0% | TTM to Q3 2026 |
| MAX MediaAlpha | $984K | $55.2M | 2% | TTM to Q3 2026 |
| RGP Resources Connection | $981K | −$9.6M | — | TTM to Q1 FY27 |
| DVLT Datavault AI | $910K | −$90.7M | — | TTM to Q2 2026 |
| INVU Investview | $535K | −$5.6M | — | TTM to Q2 2026 |
Customers and suppliers named in annual reports
| Supplier | Customer | Share of supplier revenue | Evidence | Source |
|---|---|---|---|---|
| ACN | U.S. government | 34% | Stated in 10-K (sentence) | filing |
| AMTM | U.S. government | 81% | Stated in 10-K (sentence) | filing |
| MSCI | BLK | 96% | Stated in 10-K (sentence) | filing |
| MMS | U.S. government | 55% | Stated in 10-K (sentence) | filing |
| PAYO | AMZN | 21% | Stated in 10-K (sentence) | filing |
| AMWL | ELV | 24% | Stated in 10-K (sentence) | filing |
| RMNI | ORCL | 5% | Stated in 10-K (sentence) | filing |
| NOTE | U.S. government | 17% | Stated in 10-K (sentence) | filing |
| DVLT | SCLX | 26% | Stated in 10-K (sentence) | filing |
| DBMM | BSY | 44% | Stated in 10-K (sentence) | filing |
| MSFT | XHLD | 13% | Stated in 10-K (sentence) | filing |
| MSFT | OLB | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | LQDT | 20% | Stated in 10-K (sentence) | filing |
| AMZN | DASH | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | LYFT | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | ETSY | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | MAX | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | FLYW | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | DHX | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | GBUX | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | XMTR | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | TGL | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | ZG | — | Stated in 10-K (named, share not stated) | filing |
| AAPL | UBER | — | Stated in 10-K (named, share not stated) | filing |
| FDX | ACVA | — | Stated in 10-K (named, share not stated) | filing |
| GOOGL | DASH | — | Stated in 10-K (named, share not stated) | filing |
| GOOGL | ETSY | — | Stated in 10-K (named, share not stated) | filing |
| GOOGL | UBER | — | Stated in 10-K (named, share not stated) | filing |
| GOOGL | EBAY | — | Stated in 10-K (named, share not stated) | filing |
| PYPL | WRBY | — | Stated in 10-K (named, share not stated) | filing |
| PYPL | PAY | — | Stated in 10-K (named, share not stated) | filing |
| IBM | DVLT | — | Stated in 10-K (named, share not stated) | filing |
The interactive money flow: switch views, follow each dollar →
Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.