Filing Flows › Paymentus Holdings (PAY) › Q3 2026 › vs Q3 2025
Paymentus Holdings (PAY) Q3 2026 vs Q3 2025 (year over year)
Paymentus Holdings's revenue rose $61.4M (+20%) from $311M in Q3 2025 to $372M in Q3 2026. The biggest changes: Payment Transaction Processing Revenue +$60.9M (+20%); Other +$493K (+25%). Gross margin 25.2% against 24.1% (+1.1 pts).
Paymentus Holdings, Q3 2026: revenue $372M (+20% year over year), operating margin 9.0%, net earnings $27.5M, operating cash flow $43.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 25.2% | 24.1% | +1.1 pts |
| Operating margin | 9.0% | 6.4% | +2.6 pts |
| Net margin | 7.4% | 5.7% | +1.7 pts |
| Free cash flow margin | 9.1% | 8.3% | +0.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Payment Transaction Processing Revenue | $370M | $309M | $60.9M | +20% |
| Other | $2.4M | $1.9M | $493K | +25% |
| Revenue | $372M | $311M | $61.4M | +20% |
| Gross profit | $93.8M | $74.8M | $19.0M | +25% |
| Cost of revenue | $278M | $236M | $42.4M | +18% |
| Other income, net | $3.3M | $2.7M | $554K | +20% |
| Operating profit | $33.5M | $19.9M | $13.7M | +69% |
| Operating expenses | $60.3M | $55.0M | $5.3M | +10% |
| Pre-tax earnings | $36.8M | $22.6M | $14.2M | +63% |
| Research & development | $15.3M | $15.2M | $73K | +0.5% |
| Sales & marketing | $32.3M | $25.5M | $6.8M | +27% |
| General & admin | $12.7M | $14.3M | −$1.5M | -11% |
| Net earnings | $27.5M | $17.7M | $9.7M | +55% |
| Income tax | $9.4M | $4.9M | $4.5M | +92% |
| Depreciation & amortization | $9.6M | $10.3M | −$638K | -6% |
| Share-based compensation | $6.2M | $5.2M | $1.1M | +21% |
| Working capital & other | $283K | $1.9M | −$1.6M | -85% |
| Operating cash flow | $43.6M | $35.1M | $8.5M | +24% |
| Free cash flow (company-reported) | $34.0M | $25.7M | $8.3M | +32% |
| Capitalized internal-use software development costs | $9.5M | $9.2M | $209K | +2% |
| Purchases of property and equipment | $179K | $103K | $76K | +74% |
Questions
How much did Paymentus Holdings's revenue grow year over year in Q3 2026?
Paymentus Holdings's revenue rose $61.4M (+20%) from $311M in Q3 2025 to $372M in Q3 2026.
What drove Paymentus Holdings's revenue change in Q3 2026?
Payment Transaction Processing Revenue +$60.9M (+20%); Other +$493K (+25%).