7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 31.7% per year over the past 5 years.
Net income has grown faster than revenue (37.3% vs 31.7% per year).
Operating margin has been roughly flat, at 6.3% in the latest year.
Free cash flow has grown 35.7% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.2B
$67M
24.8%
6.3%
$162M
—
$321M
2024
$872M
$44M
27.3%
5.1%
$63M
—
$206M
2023
$614M
$22M
29.7%
2.9%
$68M
—
$179M
2022
$497M
-$513000
30.1%
-0.6%
$19M
—
$147M
2021
$396M
$9M
30.7%
2.6%
$19M
—
$168M
2020
$302M
$14M
30.7%
6.1%
$35M
—
$47M
2019
$236M
$14M
31.6%
7.8%
$16M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$358M
$21M
24.1%
7.4%
$30M
—
$339M
Dec '25
$330M
$21M
25.4%
7.3%
$45M
—
$321M
Sep '25
$311M
$18M
24.1%
6.4%
$35M
—
$288M
Jun '25
$280M
$15M
25.5%
5.7%
$31M
—
$266M
Mar '25
$275M
$14M
24.0%
5.7%
$50M
—
$246M
Dec '24
$258M
$13M
25.6%
5.5%
$28M
—
$206M
Sep '24
$232M
$14M
26.2%
5.2%
$7M
—
$188M
Jun '24
$197M
$9M
29.8%
5.2%
$18M
—
$189M
Mar '24
$185M
$7M
28.5%
4.5%
$11M
—
$180M
Dec '23
$165M
$9M
30.0%
5.5%
$24M
—
$179M
Sep '23
$152M
$6M
30.8%
3.5%
$13M
—
$162M
Jun '23
$149M
$6M
30.8%
3.1%
$26M
—
$159M
Mar '23
$148M
$704000
27.0%
-0.7%
$5M
—
$144M
Dec '22
$132M
$957000
31.1%
1.2%
$15M
—
$147M
Sep '22
$128M
-$737000
29.5%
-0.7%
-$2M
—
$148M
Jun '22
$120M
-$2M
29.9%
-1.9%
$4M
—
$158M
Mar '22
$117M
$2M
29.9%
-1.2%
$3M
—
$163M
Dec '21
$108M
$5M
31.2%
0.3%
-$18000
—
$168M
Sep '21
$102M
$422000
30.7%
1.1%
$6M
—
$178M
Jun '21
$93M
$575000
30.9%
4.4%
$5M
—
$266M
Valuation over time
How the market has priced PAY against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 89.4× (Jan '24) to 40.0× (Jun '26).
The price-to-sales ratio has fallen from 2.3× (Mar '23) to 2.2× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is PAY growing its revenue and profit?
Over the past 5 years, Paymentus Holdings, Inc.'s revenue has grown 31.7% per year, and net income grown 37.3% per year. These are computed facts, not advice.
How much debt does PAY have?
As of FY2025, Paymentus Holdings, Inc. reported — of total debt against $321M of cash.
What is PAY's profit margin?
In FY2025, gross margin was 24.8%, operating margin 6.3%, and net margin 5.6%.
What is PAY's P/E ratio?
As of Jun '26, Paymentus Holdings, Inc. traded at a price-to-earnings ratio of about 40.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.