Paymentus | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 358.44 M

Revenue: As of FY2026 Q1, the actual value is USD 358.44 M, beating the estimate of USD 335.86 M.

EPS: As of FY2026 Q1, the actual value is USD 0.16, beating the estimate of USD 0.1442.

EBIT: As of FY2026 Q1, the actual value is USD 24.02 M.

Revenue

Paymentus Holdings, Inc. reported record revenue of $358.4 million for the first quarter of 2026, which is a 30.2% year-over-year increase, primarily driven by increased billers and transactions.

Gross Profit

Gross profit for the first quarter of 2026 was $86.2 million, an increase of 30.6% year-over-year. Adjusted gross profit stood at $92.4 million, up 27.3% year-over-year.

Contribution Profit

Contribution profit for the first quarter of 2026 increased by 25.2% year-over-year, reaching $109.7 million.

Net Income

Net income for the first quarter of 2026 was $20.9 million, compared to $13.8 million in the prior period. Non-GAAP net income was $26.9 million, an increase from $17.6 million in the prior period.

Adjusted EBITDA

Adjusted EBITDA for the first quarter of 2026 was $42.4 million, reflecting a 41.5% increase year-over-year and representing a 38.7% adjusted EBITDA margin.

Operating Expenses

Total GAAP operating expenses for the first quarter of 2026 were $59,680 thousand, compared to $50,335 thousand for the same period in 2025. Non-GAAP operating expense was $52,958 thousand for Q1 2026, up from $45,547 thousand in Q1 2025.

Operational Metrics

Paymentus Holdings, Inc. processed 203.4 million transactions during the first quarter of 2026, representing a 17.4% increase year-over-year.

Cash Flow

Net cash provided by operating activities for the first quarter of 2026 was $30,452 thousand, compared to $50,441 thousand for the first quarter of 2025. Free cash flow was $20,911 thousand for Q1 2026, down from $41,103 thousand in Q1 2025.

Financial Guidance

For the second quarter of 2026, Paymentus Holdings, Inc. anticipates revenue between $340 million and $350 million, contribution profit between $108 million and $111 million, and Adjusted EBITDA between $38 million and $40 million. For the full fiscal year 2026, the company expects revenue in the range of $1,425 million to $1,440 million, contribution profit between $450 million and $457 million, and Adjusted EBITDA from $165 million to $172 million.