Filing Flows › Paymentus Holdings (PAY) › Q2 2025
Paymentus Holdings (PAY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Paymentus Holdings (PAY) reported revenue of $280M for the second quarter 2025 (Q2 2025), +42% from a year earlier and +2% from the quarter before. Operating margin was 5.7%, net earnings $14.7M (5.3% of revenue).
Paymentus Holdings, Q2 2025: revenue $280M (+42% year over year), operating margin 5.7%, net earnings $14.7M, operating cash flow $31.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $280M | +2% | +42% |
| Gross profit | $71.5M | +8% | +22% |
| Operating profit | $15.9M | +1% | +56% |
| Net earnings | $14.7M | +6% | +57% |
| Operating cash flow | $31.5M | -38% | +75% |
| Free cash flow | $22.5M | — | +157% |
What changed
Revenue was $280.1M in Q2 2025, up 42% year over year and up 2% from the previous quarter. Payment Transaction Processing Revenue was the largest line at 99% of revenue. Payment Transaction Processing Revenue added $84.5M year over year (up 44%), 102% of the total change. Other declined 48%.
Gross margin was 25.5%, down 4.2 points from a year earlier. Operating profit was $15.9M, a 5.7% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 5% margin then. Operating expenses grew 15% against revenue growth of 42%. The fastest-growing cost line was Research & development (+22%). Net earnings were $14.7M, up 57% year over year. The effective tax rate was 19.9%.
Operating cash flow was $31.5M (up 75% year over year), 214% of net earnings. Non-cash charges added back $10.5M of depreciation and amortization and $4.7M of share-based compensation. After capitalized internal-use software development costs ($8.9M) and purchases of property and equipment ($116K), free cash flow as the company reports it was $22.5M.
Questions
What was Paymentus Holdings' revenue in the second quarter 2025?
Paymentus Holdings (PAY) reported revenue of $280M for the second quarter 2025 (Q2 2025), +42% from a year earlier and +2% from the quarter before.
Was Paymentus Holdings profitable in the second quarter 2025?
Operating profit was $15.9M (5.7% of revenue) and net earnings $14.7M.
Source: Paymentus Holdings 10-Q on SEC EDGAR.