Saturday 17 October 2026 Export PAY’s income statement to Excel — free account

Paymentus Holdings, Inc.

Paymentus Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 37.3% from fiscal 2024. In the quarter to June 2026, revenue grew 28.8%, EPS grew 66.7% and free cash flow grew 73.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

31.54 0.59 −1.84%

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Market cap: $4.1B
P/E: 47.1×
Fwd P/E: 31.9×
Dividend yield: —
F-score: 7/9
Altman Z: 25.21
Beneish M: −3.16
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 7.14

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	1	2	—	—

Insider Ownership 54.62%

Capital & Financial Ratios $m

Market Cap 4,050.00

Revenue 1,360.37

Net Income 84.86

Free Cash Flow 121.39

Net Debt (379.70)

Current Ratio 4.89

Debt/Equity 0.00

P/E ratio 47.07

Fwd P/E 31.90

P/S ratio 2.92

P/B ratio 6.47

Past 5Y EPS Growth 32.13%

This Y EPS Growth 34.63%

Next Y EPS Growth 22.19%

Next Y revenue growth (15.25%)

Next 5Y EPS Growth 26.44%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 8.60%

10-year low 10-year high

P/S against its own 10 years 25.83%

10-year low 10-year high

P/B against its own 10 years 58.52%

10-year low 10-year high

EV/Sales against its own 10 years 27.08%

10-year low 10-year high

EV/FCF against its own 10 years 14.39%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	0.09	0.09
2021	0.33	0.08 0.08 0.08 0.09
2020	0.44	0.21 0.08 0.08 0.08
2019	0.63	0.21 0.21 0.21
2018	0.83	0.55 0.28
2017	1.21	0.39 0.55 0.28
2016	0.76	0.49 0.27

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	183	209	325	380
Receivables	77	123	104	107
Inventory	—	—	—	—
Other	—	—	—	—
	270	346	441	494

	2023	2024	2025	Q'26
Payables	35	50	64	71
ST’ Debt	—	—	—	—
Other	4	3	3	4
	63	82	99	101

Compound Annual Growth %

	10y	5y	3y
Sales	—	31.72%	34.03%
Cash Flow	—	35.40%	101.33%
Earnings	—	51.01%	0.00%
Book Value	—	46.03%	12.16%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	358	361	—	—	—
’25	275	280	311	330	1,197
’24	185	197	232	258	872
’23	148	149	152	165	614
’22	117	120	128	132	497
’21	92	93	102	108	396
’20	70	72	78	82	302

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	30	49	—	—	—
’25	50	31	35	45	162
’24	11	18	7	28	64
’23	5	26	13	24	69
’22	3	4	(2)	15	20
’21	7	6	7	0	19
’20	—	16	12	7	36

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	21	39	—	—	—
’25	41	22	26	36	125
’24	2	9	(2)	19	27
’23	(4)	18	4	16	35
’22	(4)	(4)	(10)	7	(11)
’21	3	1	2	(6)	(1)
’20	—	8	8	4	21

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.16	0.20	—	—	—
’25	0.11	0.11	0.14	0.16	0.52
’24	0.06	0.07	0.11	0.10	0.35
’23	0.01	0.05	0.05	0.07	0.18
’22	0.01	(0.02)	(0.01)	0.01	0.00
’21	0.03	0.00	0.00	0.04	0.06
’20	0.02	0.04	0.02	0.03	0.13

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	22.53	6.75	7.02	14.77	22.65	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	39.23	35.00	18.79	38.94	40.43
People
People	Employees	—	—	—	—	916	1,116	1,260	1,273	1,307	1,340
	Revenue/emp, $m	—	—	—	0.00	0.33	0.35	0.39	0.48	0.67	0.89
Income, $m
Income, $m	Revenue	—	—	—	236	302	396	497	614	872	1,197
	Gross margin, %	—	—	—	31.57	30.69	30.69	30.12	29.67	27.32	24.77
	EBT	—	—	—	18	18	10	(1)	25	54	85
	EBT margin, %	—	—	—	7.84	6.09	2.62	(0.26)	4.09	6.19	7.13
	Net income	—	0	—	14	14	9	(1)	22	44	67
	Depreciation	—	—	—	6	8	14	26	34	40	45
Per share, $
Per share, $	Revenue	—	—	—	2.28	2.92	3.51	4.07	4.98	7.01	9.55
	Earnings	—	—	—	0.13	0.13	0.06	0.00	0.18	0.36	0.53
	Cash flow	—	—	—	0.17	0.34	0.17	0.16	0.56	0.51	1.29
	Capex	—	—	—	(0.12)	(0.14)	(0.18)	(0.26)	(0.28)	(0.29)	(0.30)
	Free cash flow	—	—	—	0.05	0.20	(0.01)	(0.09)	0.28	0.22	1.00
	Book value	—	—	—	0.66	0.82	3.42	3.25	3.48	3.90	4.47
	Shares, m	—	—	—	103	103	113	122	124	124	125
Valuation, ×
Valuation, ×	P/E	—	—	—	210.68	210.68	443.91	0.00	94.29	88.30	59.60
	P/S	—	—	—	9.13	9.13	9.97	2.01	3.52	4.66	3.31
	P/B	—	—	—	33.11	33.11	10.22	2.51	5.03	8.37	7.06
	EV/Sales	—	—	—	8.99	8.99	9.46	1.71	3.22	4.42	3.04
	EV/FCF	—	—	—	123.93	123.93	(4,762.73)	(74.33)	57.80	143.92	29.12
Cash, $m
Cash, $m	Operating cash flow	—	—	—	18	36	19	20	69	64	162
	Capex	—	—	—	(13)	(15)	(20)	(31)	(34)	(37)	(37)
	Free cash flow	—	—	—	5	21	(1)	(11)	35	27	125
Balance, $m
Balance, $m	Working capital	—	—	—	42	49	182	177	208	264	342
	Total debt	—	—	—	1	0	1	1	—	—	—
	Net debt	—	—	—	(27)	(46)	(201)	(149)	(183)	(209)	(325)
	Shareholders’ equity	—	—	—	69	84	386	397	430	486	560
Returns, %
Returns, %	ROA	—	—	—	22.37	8.30	2.36	(0.11)	4.62	8.17	10.76
	ROIC	—	—	—	27.88	30.21	3.50	(0.75)	4.59	10.15	20.02
	ROE	—	—	—	11.77	11.15	2.99	(0.13)	5.40	9.65	12.80

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
RELY Remitly Global, Inc.	$5.2B	16.7×	28.8×	+20.23% (above 0%: growing)	+3,166.67% (above 0%: growing)	+197.33% (above 0%: growing)	62.07%	13.47%	Compare
BB BlackBerry Limited	$5.1B	59.9×	67.1×	+26.00% (above 0%: growing)	+200.00% (above 0%: growing)	+1,470.59% (above 0%: growing)	77.83%	20.58%	Compare
BLSH Bullish	$4.8B	— (loss-making)	— (loss-making)	−44.34% (below 0%: shrinking)	n/m	+2.25% (above 0%: growing)	0.25%	(0.87%)	Compare
CORZ Core Scientific, Inc.	$4.6B	— (loss-making)	— (loss-making)	+108.83% (above 0%: growing)	n/m	−852.12% (below 0%: shrinking)	42.66%	(47.79%)	Compare
TENB Tenable Holdings, Inc.	$4.3B	701×	245×	+8.58% (above 0%: growing)	n/m	+4.67% (above 0%: growing)	77.53%	4.61%	Compare
DLO DLocal Limited	$4.3B	21.0×	14.1×	+55.84% (above 0%: growing)	+26.67% (above 0%: growing)	+12.57% (above 0%: growing)	31.81%	16.05%	Compare
PAY Paymentus Holdings, Inc.	$4.1B	47.1×	31.9×	+28.80% (above 0%: growing)	+66.67% (above 0%: growing)	+73.67% (above 0%: growing)	26.14%	9.04%
WIX Wix.com Ltd.	$3.4B	— (loss-making)	— (loss-making)	+14.93% (above 0%: growing)	n/m	−64.35% (below 0%: shrinking)	65.77%	(10.44%)	Compare
AVPT AvePoint, Inc.	$3.2B	43.4×	42.5×	+22.03% (above 0%: growing)	+1,200.00% (above 0%: growing)	−25.04% (below 0%: shrinking)	73.10%	8.21%	Compare
Median of peers	$4.5B	43.4×	42.5×	+21.13%	+700.00%	+3.46%	63.92%	6.41%

All 173 Software Infrastructure stocks →

Paymentus Holdings, Inc. (PAY) key facts

Strength: Paymentus Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 37.3% from fiscal 2024.
Paymentus Holdings, Inc. (PAY) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
As of October 16, 2026, PAY traded at $31.54, a market capitalization of $4.1 billion.
Return on equity was 12.8% and debt-to-equity 0.00.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 25.21 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.