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Paysign (PAYS) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Paysign (PAYS) Q2 2026 earnings results →
Q2 2026 Revenue up 48% year over year to $28.3M · 24¢ of every $1 of revenue kept as net profit · operating margin 24.8%
Paysign made $28.3M in Q2 2026 (+48% Y/Y): Pharma Industry $14.6M, Plasma Industry $13.0M, Other Revenue $562K. Operating margin 24.8%, net earnings $6.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $28.3M in Q2 2026, up 48% year over year and up 1% from the previous quarter. Pharma Industry was the largest line at 52% of revenue. Pharma Industry added $6.9M year over year (up 89%), 75% of the total change. Other Revenue declined 3%.
Gross margin was 63.3%, up 1.7 points from Q2 2025. Operating profit was $7.0M, a 24.8% margin (up 17.3 points year over year). Of the extra revenue versus Q2 2025, 61% reached operating profit, above the 8% margin then. Operating expenses grew 6% against revenue growth of 48%. The fastest-growing cost line was Other operating costs (+10%). Net earnings were $6.8M, up 387% year over year. The effective tax rate was 14.5%.
Operating cash flow was $1.3M (down 64% year over year), 19% of net earnings. Non-cash charges added back $2.3M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $9.1M. Capital expenditures of $103K left free cash flow of $1.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $28.3M | +48% | 24.8% | $6.8M | $1.3M |
| Q1 2026 | 10-Q | May 13, 2026 | $28.0M | +51% | 23.8% | $5.4M | $18.8M |
| Q4 2025 | 10-K | Mar 25, 2026 | $22.8M | +46% | 8.1% | $1.4M | $48.1M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $21.6M | +42% | 7.3% | $2.2M | $6.8M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $19.1M | +33% | 7.5% | $1.4M | $3.6M |
| Q1 2025 | 10-Q | May 9, 2025 | $18.6M | +41% | 13.4% | $2.6M | −$6.0M |
| Q4 2024 | 10-K | Mar 26, 2025 | $15.6M | +14% | 3.0% | $1.4M | $14.3M |
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About Paysign
Paysign, Inc. (the “Company,” “Paysign,” “we” or “our”), headquartered in Nevada, was incorporated on August 24, 1995, and trades under the symbol PAYS on The Nasdaq Stock Market LLC. We are a vertically integrated provider of prepaid card products and processing services for corporate, consumer and government entities. Our payment solutions are utilized by our corporate customers as a means to increase customer loyalty, increase patient adherence rates, reduce administration costs and streamline operations. We market our prepaid card solutions under our Paysign® brand. As we are a payment processor and prepaid card program manager, we derive our revenue from all stages of the prepaid card lifecycle.
In its own words, from its 10-K, filed Mar 25, 2026.
Paysign against its Services-Business Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +48% against the peers' median +13%. Operating margin: 24.8% against the peers' median 15.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PAYS Paysign | Q2 2026 | $28.3M | +48% | 24.8% |
| ACN Accenture | Q4 FY26 | $18.7B | +6% | 15.3% |
| UBER Uber Technologies | Q3 2026 | $14.8B | +10% | 9.8% |
| V Visa | Q4 FY26 | $12.1B | +13% | 59.8% |
| MELI MercadoLibre | Q3 2026 | $10.8B | +45% | 6.3% |
| MA Mastercard | Q3 2026 | $9.8B | +14% | 59.8% |
| PYPL PayPal Holdings | Q3 2026 | $8.6B | +2% | 16.3% |
| FISV Fiserv | Q3 2026 | $5.2B | -1% | -105.7% |
| DASH DoorDash | Q3 2026 | $4.6B | +34% | 9.6% |
Source: Paysign 10-Q on SEC EDGAR · CIK 1496443 · Services-Business Services, NEC
13F: who owns PAYS and who is buying
More on PAYS
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results