Filing Flows › Paymentus Holdings (PAY) › Q1 2026
Paymentus Holdings (PAY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Paymentus Holdings (PAY) reported revenue of $358M for the first quarter 2026 (Q1 2026), +30% from a year earlier and +8% from the quarter before. Operating margin was 7.4%, net earnings $20.9M (5.8% of revenue).
Paymentus Holdings, Q1 2026: revenue $358M (+30% year over year), operating margin 7.4%, net earnings $20.9M, operating cash flow $30.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $358M | +8% | +30% |
| Gross profit | $86.2M | +3% | +31% |
| Operating profit | $26.6M | +10% | +69% |
| Net earnings | $20.9M | +1% | +51% |
| Operating cash flow | $30.5M | -33% | -40% |
| Free cash flow | $20.9M | — | -49% |
What changed
Revenue was $358.4M in Q1 2026, up 30% year over year and up 8% from the previous quarter. Payment Transaction Processing Revenue was the largest line at 99% of revenue. Payment Transaction Processing Revenue added $82.4M year over year (up 30%), 99% of the total change.
Gross margin was 24.1%, up 0.1 points from Q1 2025. Operating profit was $26.6M, a 7.4% margin (up 1.7 points year over year). Of the extra revenue versus Q1 2025, 13% reached operating profit, above the 6% margin then. Operating expenses grew 19% against revenue growth of 30%. The fastest-growing cost line was General & admin (+43%). Net earnings were $20.9M, up 51% year over year. The effective tax rate was 28.2%.
Operating cash flow was $30.5M (down 40% year over year), 146% of net earnings. Non-cash charges added back $9.9M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $6.0M. After capitalized internal-use software development costs ($9.5M) and purchases of property and equipment ($80K), free cash flow as the company reports it was $20.9M.
Questions
What was Paymentus Holdings' revenue in the first quarter 2026?
Paymentus Holdings (PAY) reported revenue of $358M for the first quarter 2026 (Q1 2026), +30% from a year earlier and +8% from the quarter before.
Was Paymentus Holdings profitable in the first quarter 2026?
Operating profit was $26.6M (7.4% of revenue) and net earnings $20.9M.
Source: Paymentus Holdings 10-Q on SEC EDGAR.