{
  "source": "733Park Multiples Desk",
  "url": "https://www.733park.com/multiples/",
  "quarter": "Q3 2026",
  "updated": "2026-10-12",
  "about": "Private-market ranges from 733Park's own deal flow, for businesses with enterprise values of $5M to $350M. Not a survey and not public comps.",
  "rows": [
    {
      "category": "company",
      "asset_type": "ISO with a real sales engine",
      "yardstick": "Multiple of adjusted EBITDA",
      "low": 6,
      "high": 18,
      "unit": "x adjusted EBITDA",
      "range": "6x to 18x",
      "note": "",
      "what_moves_it": "New merchant production, attrition trend, diversification, portability of the residual",
      "quarter": "Q3 2026",
      "updated": "2026-10-12",
      "source": "733Park Multiples Desk",
      "url": "https://www.733park.com/multiples/"
    },
    {
      "category": "company",
      "asset_type": "Payfac or payments-led platform",
      "yardstick": "Multiple of recurring revenue",
      "low": 3,
      "high": 7,
      "unit": "x recurring revenue",
      "range": "3x to 7x",
      "note": "",
      "what_moves_it": "Embedded distribution, take rate, gross margin, retention",
      "quarter": "Q3 2026",
      "updated": "2026-10-12",
      "source": "733Park Multiples Desk",
      "url": "https://www.733park.com/multiples/"
    },
    {
      "category": "company",
      "asset_type": "Payments software or ISV with payments attached",
      "yardstick": "Recurring revenue or EBITDA, as software",
      "low": null,
      "high": null,
      "unit": "",
      "range": "SaaS bands, with a lift for real attach",
      "note": "",
      "what_moves_it": "Attach rate, margin share, net revenue retention",
      "quarter": "Q3 2026",
      "updated": "2026-10-12",
      "source": "733Park Multiples Desk",
      "url": "https://www.733park.com/multiples/"
    },
    {
      "category": "portfolio",
      "asset_type": "Merchant portfolio or residual stream",
      "yardstick": "Multiple of net monthly residual",
      "low": 28,
      "high": 55,
      "unit": "x net monthly residual",
      "range": "28x to 55x, higher on specialty situations",
      "note": "higher on specialty situations",
      "what_moves_it": "Attrition first, then processor terms, contract control and portability, concentration, clean reporting",
      "quarter": "Q3 2026",
      "updated": "2026-10-12",
      "source": "733Park Multiples Desk",
      "url": "https://www.733park.com/multiples/"
    }
  ]
}