PAY

MKT CAP:$3B

Paymentus Holdings, Inc.

Market Cap

$3B

Technology·Information Technology Services·🇺🇸 United States·NYSE

Technology·IT Services·🇺🇸·NYSE

Stock Price

$28.53+$0.06 (+0.21%)

Apr 17, 2026

Company Details

Paymentus Holdings, Inc. provides cloud-based bill payment technology and solutions. The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers thro...

CEO

Dushyant Sharma

IPO Date

May 26, 2021

Website

www.paymentus.com

Key Metrics TTM

Revenue

$1.2B

+37.3% YoY

Net Income

$67M

EPS (Diluted)

$0.52

Free Cash Flow

$152M

Revenue / Share

$9.25

Gross Margin

24.8%

Operating Margin

6.3%

Net Margin

5.6%

FCF Margin

12.7%

P/S

2.8x

P/E

50.7x

Earnings Reports

Q1 2026

May 4, 2026

PENDING

FY 2025

Feb 23, 2026

$1.2B+37.3%EPS $0.52

Q4 2025

Feb 23, 2026

$330M+28.1%EPS $0.16

Q3 2025

Nov 3, 2025

$311M+34.2%EPS $0.14

Q2 2025

Aug 4, 2025

$280M+41.9%EPS $0.11

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$117M	$35M	-$1M
Q2 22	$120M	$36M	-$2M
Q3 22	$128M	$38M	-$917.0K
Q4 22	$132M	$41M	$2M
Q1 23	$148M	$40M	-$984.0K
Q2 23	$149M	$46M	$5M
Q3 23	$152M	$47M	$5M
Q4 23	$165M	$49M	$9M
Q1 24	$185M	$53M	$8M
Q2 24	$197M	$59M	$10M
Q3 24	$232M	$61M	$12M
Q4 24	$258M	$66M	$14M
Q1 25	$275M	$66M	$16M
Q2 25	$280M	$71M	$16M
Q3 25	$311M	$75M	$20M
Q4 25	$330M	$84M	$24M

Valuation

Quarter	P/S	P/E
Q1 22	6.1x	348.4x
Q2 22	3.9x	397.3x
Q3 22	2.6x	382.6x
Q4 22	1.9x	—
Q1 23	2.1x	—
Q2 23	2.3x	190.5x
Q3 23	3.5x	145.4x
Q4 23	3.5x	97.3x
Q1 24	4.2x	94.9x
Q2 24	3.4x	73.3x
Q3 24	3.2x	61.5x
Q4 24	4.8x	93.9x
Q1 25	3.4x	64.1x
Q2 25	3.9x	72.9x
Q3 25	3.5x	65.4x
Q4 25	3.3x	59.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$3M	-$4M
Q2 22	$4M	-$4M
Q3 22	-$2M	-$10M
Q4 22	$15M	$7M
Q1 23	$5M	-$4M
Q2 23	$26M	$18M
Q3 23	$13M	$4M
Q4 23	$24M	$16M
Q1 24	$11M	$2M
Q2 24	$18M	$9M
Q3 24	$7M	-$2M
Q4 24	$28M	$19M
Q1 25	$50M	$41M
Q2 25	$31M	$31M
Q3 25	$35M	$35M
Q4 25	$45M	$45M

Capital Expenditures

Quarter	CapEx
Q1 22	$7M
Q2 22	$8M
Q3 22	$8M
Q4 22	$8M
Q1 23	$8M
Q2 23	$9M
Q3 23	$9M
Q4 23	$8M
Q1 24	$9M
Q2 24	$9M
Q3 24	$9M
Q4 24	$9M
Q1 25	$9M
Q2 25	$116.0K
Q3 25	$103.0K
Q4 25	$82.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+26.5%	+35.1%
Q2 22	+28.3%	+36.7%
Q3 22	+26.0%	+28.4%
Q4 22	+22.2%	+21.2%
Q1 23	+27.1%	+26.5%
Q2 23	+24.1%	+18.1%
Q3 23	+18.9%	+14.0%
Q4 23	+24.7%	+19.2%
Q1 24	+24.6%	+18.2%
Q2 24	+32.6%	+29.7%
Q3 24	+51.9%	+49.2%
Q4 24	+56.5%	+56.6%
Q1 25	+48.9%	+47.0%
Q2 25	+41.9%	+41.1%
Q3 25	+34.2%	+32.5%
Q4 25	+28.1%	+25.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$1M	1.1%
Q2 22	$1M	1.1%
Q3 22	$2M	1.6%
Q4 22	$2M	1.6%
Q1 23	$2M	1.5%
Q2 23	$2M	1.5%
Q3 23	$2M	1.6%
Q4 23	$2M	1.5%
Q1 24	$2M	1.3%
Q2 24	$3M	1.4%
Q3 24	$4M	1.8%
Q4 24	$2M	0.6%
Q1 25	$3M	1.1%
Q2 25	$5M	1.7%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$10M	$10M	$16M
Q2 22	$10M	$10M	$18M
Q3 22	$10M	$9M	$19M
Q4 22	$10M	$9M	$20M
Q1 23	$12M	$9M	$20M
Q2 23	$11M	$9M	$22M
Q3 23	$11M	$9M	$21M
Q4 23	$11M	$9M	$21M
Q1 24	$12M	$9M	$23M
Q2 24	$13M	$9M	$27M
Q3 24	$13M	$9M	$26M
Q4 24	$14M	$10M	$29M
Q1 25	$15M	$9M	$26M
Q2 25	$15M	$11M	$30M
Q3 25	$15M	$14M	$25M
Q4 25	$16M	$13M	$31M

Revenue Segments

Quarter	Other	Payment Transaction Processing Revenue
Q1 23	$2M	$146M
Q2 23	$2M	$147M
Q3 23	$2M	$151M
Q1 24	$2M	$183M
Q2 24	$4M	$194M
Q3 24	$3M	$229M
Q1 25	$2M	$273M
Q2 25	$2M	$278M
Q3 25	$2M	$309M
Q4 25	$4M	$327M

Revenue by Geography

Quarter	Non-US	United States	Other Geographical Area
Q1 22	$3M	$114M	—
Q2 22	$2M	$117M	—
Q3 22	$2M	$126M	—
Q4 22	$2M	$130M	—
Q1 23	—	$146M	$3M
Q2 23	—	$146M	$3M
Q3 23	—	$150M	$3M
Q1 24	—	$181M	$4M
Q2 24	—	$193M	$4M
Q3 24	—	$228M	$4M
Q1 25	—	$271M	$5M
Q2 25	—	$275M	$5M
Q3 25	—	$306M	$5M
Q4 25	—	$326M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$163M	$0	$163M
Q2 22	$158M	$0	$158M
Q3 22	$148M	$0	$148M
Q4 22	$147M	$0	$147M
Q1 23	$144M	$0	$144M
Q2 23	$159M	$0	$159M
Q3 23	$162M	$0	$162M
Q4 23	$179M	$0	$179M
Q1 24	$180M	$0	$180M
Q2 24	$189M	$0	$189M
Q3 24	$188M	$0	$188M
Q4 24	$206M	$0	$206M
Q1 25	$246M	$0	$246M
Q2 25	$266M	$0	$266M
Q3 25	$288M	$0	$288M
Q4 25	$325M	$0	$325M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	126M	-0.1%	+8.6%
Q2 22	122M	-3.5%	+11.6%
Q3 22	123M	+0.9%	-1.4%
Q4 22	124M	+1.3%	-1.4%
Q1 23	124M	-0.5%	-1.7%
Q2 23	124M	+0.2%	+2.0%
Q3 23	126M	+1.3%	+2.4%
Q4 23	127M	+0.7%	+1.7%
Q1 24	127M	+0.3%	+2.5%
Q2 24	127M	+0.3%	+2.6%
Q3 24	128M	+0.3%	+1.6%
Q4 24	129M	+0.9%	+1.7%
Q1 25	129M	+0.1%	+1.5%
Q2 25	129M	+0.2%	+1.4%
Q3 25	129M	+0.2%	+1.3%
Q4 25	129M	+0.1%	+0.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$104.6K	1K
Q2 22	$107.5K	1K
Q3 22	$114.8K	1K
Q4 22	$104.9K	1K
Q1 23	$117.7K	1K
Q2 23	$118.2K	1K
Q3 23	$121.0K	1K
Q4 23	$130.8K	1K
Q1 24	$146.7K	1K
Q2 24	$156.7K	1K
Q3 24	$183.8K	1K
Q4 24	$197.3K	1K
Q1 25	$210.6K	1K
Q2 25	$214.3K	1K
Q3 25	$237.7K	1K
Q4 25	$246.6K	1K

Revenue / Employee