Paymentus Holdings Inc

paymentus.com

What Do They Do?

Provides cloud-based bill-payment and money-transfer technology to billers and financial institutions, whose customers use it to pay bills and move money.

How Do They Make Money?

Billers, financial institutions or consumers pay a fee for each completed payment transaction, with fees tied to transaction value or set per transaction. The company also earns maintenance and subscription fees, including fixed monthly hosting and maintenance charges.

revenue

Segment	Share	Revenue	How money arrives
Payment Transaction Processing Revenue Usage-based	99% FY2022: 99%		Usage-based
Other Recurring	0.8% FY2022: 1.3%		Recurring

Who Are Their Customers?

Billers and financial institutions are customers; Paymentus reaches them through direct sales as well as software and strategic partners, resellers and referral partners. Its Instant Payment Network also lets partner platforms offer bill payment to consumers.

Do Revenues Turn Into Profits?

Yes. It kept 6 cents of every revenue dollar as net income in FY2025 and turned 14 cents into free cash flow.

Operating income, FY2025

6% of revenue

▲ +68% vs FY2024 ($44.9M, 5%)

Net income, FY2025

6% of revenue

▲ +52% vs FY2024 ($44.2M, 5%)

Free cash flow, FY2025

14% of revenue

▲ +156% vs FY2024 ($63.2M, 7%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +29%; vs $280.1M in Q2 FY2025
Net income: ▲ +74%; vs $14.7M in Q2 FY2025

Payment Transaction Processing Revenue share of revenue vs 99.3% in Q2 FY2025

Growing. Revenue grew 3.0x in 4 years, from $395.5M in FY2021 to $1.2B in FY2025, about 32% a year.

Revenue over time

Payment Transaction Processing Revenue Other

$2B$1B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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