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PAY Financials Paymentus Holdings, Inc.

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
-$513000 $598M $1B $0 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-1% 15% 32% 0% 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-0% 10% 20% 0% 2019 2020 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
$0 $81M $162M 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $160M $321M 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$78M $68M $213M $0 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $1.2B $67M 24.8% 6.3% 11.9% 10.0% $162M — $321M
2024 $872M $44M 27.3% 5.1% 9.1% 7.7% $63M — $206M
2023 $614M $22M 29.7% 2.9% 5.2% 4.4% $68M — $179M
2022 $497M -$513000 30.1% -0.6% -0.1% -0.1% $19M — $147M
2021 $396M $9M 30.7% 2.6% 2.4% 2.0% $19M — $168M
2020 $302M $14M 30.7% 6.1% 16.2% 11.0% $35M — $47M
2019 $236M $14M 31.6% 7.8% 20.0% — $16M — —

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.

Price / earnings (P/E)
0.0 106.9 213.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 3.9 7.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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?

Paymentus Holdings, Inc.'s P/E (TTM) is 44.65 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the PAY stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 63.1× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.