Paymentus Holdings, Inc. (PAY) Income Statement
PAY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPAY revenue and net income
Where PAY's revenue goes
2025Each bar shows an amount and its share of revenue. PAY kept 5.6% of revenue as net income.
PAY profit margins
PAY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +37.3% | +34.0% | +31.7% | −4.4% |
| Gross profit | +24.4% | +25.6% | +26.2% | −8.6% |
| Operating income | +68.4% | — | +32.6% | — |
| Net income | +51.5% | — | +37.3% | — |
| EPS (diluted) | +32.0% | +154.6% | +40.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PAY quarterly EPS vs estimates
Paymentus beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 2, 2026 (estimate $0.17).
PAY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $871.7M | $614.5M | $497.0M | $395.5M | $301.8M | $235.8M | $1.87B | $1.99B | $2.00B |
| Cost of revenue | $900.2M | $633.6M | $432.1M | $347.3M | $274.1M | $209.1M | $161.3M | $1.16B | $1.20B | $1.17B |
| Gross profit | $296.3M | $238.2M | $182.3M | $149.7M | $121.4M | $92.6M | $74.4M | $713.1M | $794.3M | $826.0M |
| Research & development | $61.5M | $51.3M | $44.2M | $41.2M | $34.1M | $24.5M | $17.9M | $211.6M | $207.5M | $201.6M |
| Sales, general & admin | $159.3M | $142.0M | $120.0M | $111.4M | $76.9M | $49.7M | $38.2M | $383.7M | $421.6M | $433.7M |
| Total operating expenses | $220.8M | $193.3M | $164.2M | $152.7M | $111.0M | $74.2M | $56.1M | $664.9M | $719.6M | $717.8M |
| Operating income | $75.5M | $44.9M | $18.1M | −$3.0M | $10.4M | $18.4M | $18.4M | $48.2M | $74.7M | $108.2M |
| Interest income | $9.5M | $8.7M | $7.0M | $1.7M | — | — | — | — | — | — |
| Interest expense | — | — | — | — | $6,000 | — | — | $33.2M | $34.6M | $31.5M |
| Income before taxes | $85.3M | $53.9M | $25.1M | −$1.3M | $10.4M | $18.4M | $18.5M | −$142.9M | $1.8M | $72.9M |
| Income taxes | $18.3M | $9.8M | $2.8M | −$795,000 | $1.1M | $4.7M | $4.8M | $32.5M | $11.5M | −$7.5M |
| Net income | $66.9M | $44.2M | $22.3M | −$513,000 | $9.3M | $13.7M | $13.7M | −$173.9M | −$9.3M | $79.1M |
| EBITDA | $126.3M | $90.4M | $55.7M | $22.8M | $23.7M | $26.5M | $24.4M | $32.5M | $216.0M | $272.5M |
| EPS (diluted) | $0.66 | $0.50 | $0.26 | $0.04 | $0.07 | $0.12 | $0.13 | −$1.55 | −$0.08 | $0.70 |
| Gross margin | 24.8% | 27.3% | 29.7% | 30.1% | 30.7% | 30.7% | 31.6% | 38.1% | 39.9% | 41.3% |
| Operating margin | 6.3% | 5.1% | 2.9% | −0.6% | 2.6% | 6.1% | 7.8% | 2.6% | 3.7% | 5.4% |
| Net margin | 5.6% | 5.1% | 3.6% | −0.1% | 2.4% | 4.5% | 5.8% | −9.3% | −0.5% | 4.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $360.7M | $358.4M | $330.5M | $310.7M | $280.1M | $275.2M | $257.9M | $231.6M | $197.4M | $184.9M | $164.8M | $152.4M |
| Cost of revenue | $266.4M | $272.2M | $246.5M | $235.9M | $208.6M | $209.2M | $191.8M | $170.9M | $138.7M | $132.2M | $115.3M | $105.5M |
| Gross profit | $94.3M | $86.2M | $84.0M | $74.8M | $71.5M | $66.0M | $66.0M | $60.7M | $58.8M | $52.7M | $49.5M | $46.9M |
| Research & development | $15.3M | $16.3M | $15.9M | $15.2M | $15.2M | $15.1M | $13.6M | $13.2M | $12.5M | $12.1M | $10.7M | $11.0M |
| Sales, general & admin | $46.4M | $43.3M | $44.0M | $39.8M | $40.3M | $35.2M | $38.3M | $35.4M | $36.0M | $32.3M | $29.7M | $30.6M |
| Total operating expenses | $61.7M | $59.7M | $59.9M | $55.0M | $55.6M | $50.3M | $51.8M | $48.6M | $48.5M | $44.4M | $40.4M | $41.6M |
| Operating income | $32.6M | $26.6M | $24.1M | $19.9M | $15.9M | $15.7M | $14.2M | $12.1M | $10.2M | $8.3M | $9.1M | $5.3M |
| Interest income | $3.0M | $2.5M | $2.5M | $2.6M | $2.3M | $2.1M | $2.0M | $2.3M | — | — | — | — |
| Income before taxes | $35.7M | $29.1M | $26.5M | $22.6M | $18.4M | $17.8M | $16.3M | $14.4M | $12.5M | $10.8M | $11.2M | $7.2M |
| Income taxes | $10.1M | $8.2M | $5.8M | $4.9M | $3.7M | $4.0M | $3.1M | $5,000 | $3.1M | $3.5M | $1.8M | $822,000 |
| Net income | $25.6M | $20.9M | $20.7M | $17.7M | $14.7M | $13.8M | $13.1M | $14.4M | $9.4M | $7.2M | $9.4M | $6.4M |
| EBITDA | $45.1M | $39.0M | $36.1M | $32.9M | $28.9M | $28.5M | $25.9M | $23.8M | $21.4M | $19.3M | $19.5M | $15.0M |
| EPS (diluted) | $0.21 | $0.21 | $0.20 | $0.17 | $0.15 | $0.14 | $0.13 | $0.15 | $0.12 | $0.10 | $0.11 | $0.07 |
| Gross margin | 26.1% | 24.1% | 25.4% | 24.1% | 25.5% | 24.0% | 25.6% | 26.2% | 29.8% | 28.5% | 30.0% | 30.8% |
| Operating margin | 9.0% | 7.4% | 7.3% | 6.4% | 5.7% | 5.7% | 5.5% | 5.2% | 5.2% | 4.5% | 5.5% | 3.5% |
| Net margin | 7.1% | 5.8% | 6.3% | 5.7% | 5.3% | 5.0% | 5.1% | 6.2% | 4.7% | 3.9% | 5.7% | 4.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PAY's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PAY financial results
In fiscal year 2025 (ended December 31, 2025), Paymentus reported revenue of $1.2 billion, up 37.3% from the year before. It had net income of $66.9 million (up 51.5%), a net profit margin of 5.6%. Diluted earnings per share came to $0.66. Over five years revenue grew at an average rate of 31.7% a year.
See the PAY stock overview for the latest quote and news, or the PAY chart for price history and technical indicators.
PAY income statement FAQ
What is Paymentus's annual revenue?
Paymentus reported total revenue of $1.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 37.3% from $871.7 million the previous year.
Is Paymentus profitable?
Yes. Paymentus reported net income of $66.9 million in fiscal 2025, a net profit margin of 5.6%; its operating margin was 6.3%.
What is Paymentus's gross margin?
Paymentus's gross margin was 24.8% in fiscal 2025: for every $100 of revenue, Paymentus kept $25 after the direct cost of its products and services.
How much does Paymentus spend on research and development?
Paymentus spent $61.5 million on research and development in fiscal 2025, 5.1% of revenue.
How fast is Paymentus growing?
Revenue grew 31.7% a year on average over the last five fiscal years, from $301.8 million to $1.2 billion.
What are Paymentus's earnings per share?
Paymentus earned $0.66 per diluted share in fiscal 2025, compared with $0.50 a year earlier.
When will Paymentus report its next earnings?
Paymentus is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does Paymentus's fiscal year end?
Paymentus's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.