01 / PSC Market Profile
PSC R711 Support- Management: Banking Federal Contracts
Product and Service Code R711
Federal contract activity classified under Support- Management: Banking across FY 2020–FY 2026. Net obligations include both new obligations and subsequent deobligations.
02 / Market Size
How large is the PSC R711 federal market?
03 / Spending Trend
PSC R711 contract spending by fiscal year
Annual obligations, activity, and participation across the same FY 2020–FY 2026 profile window.
Latest closed fiscal year$343.80M
FY 2026| Fiscal year | Obligations | Actions | Vendors | Customers | Change |
|---|---|---|---|---|---|
| FY 2020 | $10.23M | 127 | 29 | 23 | — |
| FY 2021 | $29.50M | 200 | 31 | 47 | +188.3% |
| FY 2022 | $32.37M | 231 | 34 | 49 | +9.7% |
| FY 2023 | $25.93M | 207 | 30 | 50 | −19.9% |
| FY 2024 | $58.65M | 228 | 34 | 49 | +126.2% |
| FY 2025 | $84.72M | 299 | 31 | 48 | +44.4% |
| FY 2026 | $343.80M | 216 | 31 | 41 | +305.8% |
04 / Top Federal Customers
Which federal agencies buy most in this industry?
Ranked by net obligations during FY 2020–FY 2026.
| Federal customer | Code | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|
| STATE, DEPARTMENT OF | 1900 | $343.88M | 70 | 5 | 58.8% |
| DEFENSE FINANCE AND ACCOUNTING SERVICE (DFAS) | 97BZ | $56.18M | 139 | 3 | 9.6% |
| CONSUMER FINANCIAL PROTECTION BUREAU | 955F | $55.25M | 268 | 7 | 9.4% |
| OFFICE OF PERSONNEL MANAGEMENT | 2400 | $53.46M | 36 | 1 | 9.1% |
| PENSION BENEFIT GUARANTY CORPORATION | 1665 | $33.47M | 28 | 3 | 5.7% |
| CENTERS FOR MEDICARE AND MEDICAID SERVICES | 7530 | $14.77M | 109 | 7 | 2.5% |
| U.S. CUSTOMS AND BORDER PROTECTION | 7014 | $5.57M | 6 | 1 | 1.0% |
| USDA, DEPARTMENTAL ADMINISTRATION | 1205 | $2.80M | 16 | 3 | 0.5% |
| VETERANS AFFAIRS, DEPARTMENT OF | 3600 | $2.41M | 34 | 5 | 0.4% |
| OFFICES, BOARDS AND DIVISIONS | 1501 | $2.16M | 23 | 3 | 0.4% |
05 / Contracting Offices
Which contracting offices buy in PSC R711?
Ranked by net obligations during FY 2020–FY 2026.
| Office | Code | Agency | Obligations | Actions | Vendors | Market share |
|---|---|---|---|---|---|---|
| ACQUISITIONS - AQM MOMENTUM | 19AQMM | STATE, DEPARTMENT OF | $342.87M | 8 | 3 | 58.6% |
| DEFENSE FINANCE AND ACCOUNTING SVC | HQ0423 | DEFENSE FINANCE AND ACCOUNTING SERVICE (DFAS) | $56.18M | 139 | 3 | 9.6% |
| CONSUMER FINANCE PROTECTION BUREAU | 9531CB | CONSUMER FINANCIAL PROTECTION BUREAU | $55.25M | 268 | 7 | 9.4% |
| OPM DELEGATED PROCUREMENT OFFICES | 243625 | OFFICE OF PERSONNEL MANAGEMENT | $51.04M | 6 | 1 | 8.7% |
| PENSION BENEFIT GUARANTY CORP | 16PBGC | PENSION BENEFIT GUARANTY CORPORATION | $33.47M | 28 | 3 | 5.7% |
| OFC OF ACQUISITION AND GRANTS MGMT | 75FCMC | CENTERS FOR MEDICARE AND MEDICAID SERVICES | $14.77M | 109 | 7 | 2.5% |
| ADMINISTRATION FACILITIES TRAINING CONTRACTING DIVISION | 70B01C | U.S. CUSTOMS AND BORDER PROTECTION | $5.57M | 6 | 1 | 1.0% |
| USDA, OCP-POD-ACQ-MGMT-BRANCH-FTC | 123144 | USDA, DEPARTMENTAL ADMINISTRATION | $2.80M | 16 | 3 | 0.5% |
| OPM DC CENTRAL OFFICE CONTRACTING | 243226 | OFFICE OF PERSONNEL MANAGEMENT | $2.37M | 15 | 1 | 0.4% |
| JMD-PROCUREMENT SERVICES STAFF | 15JPSS | OFFICES, BOARDS AND DIVISIONS | $2.18M | 22 | 2 | 0.4% |
06 / Top Vendors
Which contractors lead the PSC R711 market?
| Vendor | Obligations | Actions | Customers | Market share | Latest activity |
|---|---|---|---|---|---|
| CITIBANK, N.A. | $181.91M | 54 | 10 | 31.1% | Sep 9, 2026 |
| CITIBANK, NATIONAL ASSOCIATION | $160.46M | 51 | 5 | 27.4% | Sep 1, 2026 |
| HEALTHEQUITY, INC. | $86.20M | 563 | 48 | 14.7% | Sep 25, 2026 |
| JND HOLDINGS LLC | $36.58M | 5 | 1 | 6.3% | Sep 1, 2026 |
| STATE STREET CORPORATION | $33.50M | 18 | 1 | 5.7% | Sep 12, 2024 |
| NAVY FEDERAL CREDIT UNION | $23.78M | 20 | 2 | 4.1% | May 20, 2026 |
| BANK OF AMERICA, NATIONAL ASSOCIATION | $16.87M | 19 | 2 | 2.9% | Apr 10, 2025 |
| RUST CONSULTING INC. | $11.40M | 146 | 1 | 1.9% | Sep 8, 2026 |
| EPIQ CLASS ACTION & CLAIMS SOLUTIONS, INC. | $7.73M | 90 | 1 | 1.3% | Sep 28, 2026 |
| NATIONAL GOVERNMENT SERVICES, INC. | $6.43M | 15 | 1 | 1.1% | May 1, 2026 |
07 / Industry Mix
What industries are purchased under PSC R711?
| NAICS | Description | Obligations | Actions | Vendors | Share |
|---|---|---|---|---|---|
| 522110 | COMMERCIAL BANKING | $388.16M | 384 | 25 | 66.3% |
| 524292 | PHARMACY BENEFIT MANAGEMENT AND OTHER THIRD PARTY ADMINISTRATION OF INSURANCE AND PENSION FUNDS | $86.20M | 563 | 1 | 14.7% |
| 522320 | FINANCIAL TRANSACTIONS PROCESSING, RESERVE, AND CLEARINGHOUSE ACTIVITIES | $61.97M | 323 | 13 | 10.6% |
| 541214 | PAYROLL SERVICES | $33.50M | 18 | 1 | 5.7% |
| 541519 | OTHER COMPUTER RELATED SERVICES | $9.12M | 25 | 4 | 1.6% |
| 518210 | COMPUTING INFRASTRUCTURE PROVIDERS, DATA PROCESSING, WEB HOSTING, AND RELATED SERVICES | $2.25M | 6 | 1 | 0.4% |
| 541219 | OTHER ACCOUNTING SERVICES | $1.37M | 12 | 1 | 0.2% |
| 813312 | ENVIRONMENT, CONSERVATION AND WILDLIFE ORGANIZATIONS | $899.5K | 1 | 1 | 0.2% |
| 561613 | ARMORED CAR SERVICES | $864.0K | 45 | 3 | 0.1% |
| 541211 | OFFICES OF CERTIFIED PUBLIC ACCOUNTANTS | $815.2K | 2 | 1 | 0.1% |
08 / Buying Pattern
How does the government buy in PSC R711?
| Common action type | Obligations | Actions |
|---|---|---|
| DELIVERY ORDER | $175.85M | 1,006 |
| PURCHASE ORDER | $2.72M | 308 |
| DEFINITIVE CONTRACT | $406.63M | 194 |
09 / Recent Contract Awards
What was awarded most recently in PSC R711?
10 / Market Interpretation
How should contractors evaluate this market?
Start with the spending direction
Compare annual obligations with actions and vendor participation. Growth driven by only a few large actions represents a different opportunity from broad, recurring demand.
Follow the actual buyers
Move from federal customers to contracting offices. Offices reveal where acquisition responsibility and recurring purchasing activity are concentrated.
Measure accessible demand
Use competition, small-business participation, incumbent vendors, and PSC mix before treating the full $585.19M market as addressable.