Sign in

    Dan Perlin

    Managing Director and Senior Equity Research Analyst at RBC Capital Markets

    Dan Perlin is a Managing Director and Senior Equity Research Analyst at RBC Capital Markets, specializing in Payments, Processing, and IT Services. He covers leading companies such as Paysafe, Block (formerly Square), and others in the broader technology sector, and has issued over 340 stock ratings with a historical success rate around 50% and an average return of approximately -2% according to independent analytics platforms. Perlin began his research career at Legg Mason and Stifel Nicolaus before joining RBC in 2009 and has earned recognition for his sector expertise and market insights. He holds the Chartered Financial Analyst (CFA) designation and maintains professional securities registrations.

    Dan Perlin's questions to Affirm Holdings (AFRM) leadership

    Dan Perlin's questions to Affirm Holdings (AFRM) leadership • Q4 2025

    Question

    Dan Perlin of RBC Capital Markets asked about the repeat purchase behavior of new users acquired through 0% APR offers, questioning if they convert to using other Affirm products.

    Answer

    Founder & CEO Max Levchin confirmed that users acquired via 0% APR offers exhibit strong repeat behavior. He emphasized that, importantly, these users also convert to using interest-bearing loans, which are more profitable for the company, demonstrating the positive overall experience.

    Ask Fintool Equity Research AI

    Dan Perlin's questions to JACK HENRY & ASSOCIATES (JKHY) leadership

    Dan Perlin's questions to JACK HENRY & ASSOCIATES (JKHY) leadership • Q4 2025

    Question

    Dan Perlin from RBC Capital Markets asked about the aggregate demand environment and implementation cycles, seeking to reconcile strong core sales with previous commentary on project delays. He also inquired about the rationale for the wider fiscal 2026 revenue guidance range.

    Answer

    President & CEO Greg Adelson confirmed that the gap from previous project delays has significantly improved, particularly on the consulting side, and that sales demand remains strong. CFO & Treasurer Mimi Carsley explained the wider guidance range provides more operational flexibility due to the company's larger revenue base and macroeconomic variables, rather than indicating any structural business change.

    Ask Fintool Equity Research AI

    Dan Perlin's questions to NCR Voyix (VYX) leadership

    Dan Perlin's questions to NCR Voyix (VYX) leadership • Q2 2025

    Question

    Dan Perlin of RBC Capital Markets inquired about the current demand environment for NCR Voyix's retail and restaurant segments and asked for details on the drivers of the second-half ramp in free cash flow guidance.

    Answer

    CEO James Kelly, along with Retail President Darren Wilson and Restaurants President Benny Tadele, confirmed they have not seen a customer pullback and that market pressures are driving technology investment. CFO Brian Webb-Walsh explained that the second-half free cash flow ramp is driven by typical seasonality and the realization of cost-saving initiatives, noting that CapEx is expected to be slightly higher than previously guided.

    Ask Fintool Equity Research AI

    Dan Perlin's questions to GLOBAL PAYMENTS (GPN) leadership

    Dan Perlin's questions to GLOBAL PAYMENTS (GPN) leadership • Q2 2025

    Question

    Dan Perlin asked for clarification on potential additional divestitures in light of the Worldpay acquisition and inquired about any portfolio attrition or friction resulting from the Genius brand consolidation.

    Answer

    CEO Cameron Bready stated that while he could not provide specifics, the company is re-evaluating its portfolio composition following the Worldpay announcement, with any proceeds from future divestitures intended for shareholder returns. Regarding Genius, Bready noted a brief pause in new sales ahead of the launch but has not seen significant base attrition, with strong new sales momentum since. President & COO Robert Cortopassi added that the largest driver of attrition is business failure, not product defection, and highlighted the greenfield opportunity for Genius internationally.

    Ask Fintool Equity Research AI

    Dan Perlin's questions to GLOBAL PAYMENTS (GPN) leadership • Q2 2025

    Question

    Dan Perlin asked for clarification on potential additional divestitures following the Worldpay acquisition and questioned if the Genius platform consolidation was causing any customer attrition or friction.

    Answer

    CEO Cameron Bready stated that while the company is re-evaluating its portfolio in light of the Worldpay deal, he could not specify future divestitures. Regarding the Genius launch, Bready acknowledged a brief pause in new sales ahead of the rollout but reported no significant attrition from the existing customer base and highlighted strong new sales momentum post-launch. President & COO Robert Cortopassi added that the primary attrition driver is business failure, not product defection, and noted Genius is targeting greenfield international markets.

    Ask Fintool Equity Research AI

    Dan Perlin's questions to Flywire (FLYW) leadership

    Dan Perlin's questions to Flywire (FLYW) leadership • Q2 2025

    Question

    Dan Perlin asked for an expansion on the structural changes in global education, particularly the growing demand in non-Big Four markets, and questioned the potential for margin contraction in Q4 based on guidance.

    Answer

    President & COO Rob Orgel explained that Flywire's long-standing international presence and tailored value proposition are driving strong client reception and traction in expanding education markets across Europe, APAC, and Latin America. CFO Cosmin Pitigoi clarified that the implied Q4 margin is roughly flat at the midpoint of guidance and reiterated the company's commitment to growing OpEx at a lower rate than gross profit over the long term.

    Ask Fintool Equity Research AI

    Dan Perlin's questions to Shift4 Payments (FOUR) leadership

    Dan Perlin's questions to Shift4 Payments (FOUR) leadership • Q2 2025

    Question

    Dan Perlin asked for clarification on Global Blue's second-half revenue contribution and its organic growth profile, and also inquired about the planned order of operations for realizing revenue synergies from the acquisition.

    Answer

    CEO Taylor Lauber clarified that Global Blue's contribution is consistent with its prior standalone guidance of mid-teens growth and that no material synergies are baked into 2025. He outlined a two-pronged synergy plan: first, integrating the currency conversion product into Shift4's existing network, followed by a more complex, longer-term payments cross-sell to Global Blue's merchant base starting in mid-2026.

    Ask Fintool Equity Research AI

    Dan Perlin's questions to SS&C Technologies Holdings (SSNC) leadership

    Dan Perlin's questions to SS&C Technologies Holdings (SSNC) leadership • Q2 2025

    Question

    Dan Perlin asked about the growth rate of the TATAYA business and questioned if the recent acquisitions of higher-growth assets like Callistone and TATAYA signal a strategic shift in M&A.

    Answer

    EVP & CFO Brian Schell confirmed TATAYA is growing at a low double-digit rate, with expected seasonal strength in the second half. Chairman and CEO William Stone affirmed a strategic focus on acquiring high-quality, higher-growth businesses, acknowledging the market's preference for strong organic revenue growth.

    Ask Fintool Equity Research AI