Key Highlights

  • Revenue for PAY hit a record $372.2 million in Q3 2026, climbing 19.8% annually.
  • Net income reached $0.21 per diluted share, which equals $27.5 million; the year-earlier figure was $0.14 ($17.7 million).
  • Adjusted EBITDA grew 38.6%, landing at $49.7 million, and represented a 41.9% share of contribution profit, a new record.
  • Transaction Volume came to 219.0 million, a 20.1% annual rise.
  • Fourth-quarter Revenue guidance spans $373 million to $378 million, with the midpoint roughly 13.6% higher.

New Biller Launches and Heavier Payment Traffic Propel Top-Line Expansion

Paymentus (NYSE:PAY) published quarter-end figures on Nov 2, 2026, for the period ending Sep 30, 2026. Top-line receipts hit a new peak of $372.2 million, which is 19.8% above the $310.7 million booked a year earlier, mostly from new billers and growth at existing ones. Transactions processed rose to 219.0 million, a 20.1% gain.

Gross profit expanded 25.4%, reaching $93.8 million, while adjusted Gross Profit went up 23.1%, totaling $99.8 million. Contribution profit moved 20.6% higher, landing at $118.5 million; $0.54 per transaction, close to last year's figure. The contribution Margin stood at 31.8% compared with 31.6%.

Dallas-headquartered, the firm processes over 790 million transactions yearly for roughly 53 million consumers and businesses, serving more than 30 large American enterprises in 35 countries.

Cost Discipline Pushes Adjusted EBITDA Higher, With Incremental Margin at 68.4%

Adjusted EBITDA came in at $49.7 million, versus $35.9 million a year earlier. On contribution profit, that margin reached 41.9%, compared with 36.5% a year earlier, a gain of 540 basis points, and incremental margin came in at 68.4%. Non-GAAP operating spending rose 10.2% to $53 million, reflecting hiring, partner fees and research outlays.

Net income was $0.21 diluted, or $27.5 million; the prior period delivered $0.14 ($17.7 million). Operating Income was $33.5 million, against $19.9 million. On a non-GAAP basis, Net Income of $33.1 million ($0.25 a share) compared with $22.6 million ($0.17).

Across the first nine months, the Top Line reached $1,091.4 million and profit hit $73.9 million, while the year-earlier period had $866.0 million of sales and $46.3 million of profit.

Bookings Include an Interchange Deal, While the BillWallet Consumer Product Doubles

The quarter's bookings contained a notable interchange monetization pact tied to the Instant Payment Network; management said its impact is too early to quantify. The BillWallet consumer wallet reached 200,000 users, a doubling.

Leadership noted that current revenue, backlog, its conversion and growth in existing accounts could combine into roughly $2 billion in combined revenue and Backlog within 18 to 24 months. This figure, the company emphasized, is not a forecast. Pipeline and backlog were described as strong at period end.

Fourth-Quarter Growth Eases to 13.6% Even as Full-Year Targets Move Higher

Cash and equivalents at quarter end totaled $409.6 million, with $29.9 million added since the previous quarter; operating cash generation contributed $43.7 million. Days Sales Outstanding stood at 27.

For the final quarter, revenue is expected at $373 million to $378 million, roughly 13.6% higher at the center, with $120 million to $122 million of contribution profit. Adjusted EBITDA is projected at $45 million to $50 million, lower than the third-quarter result; the company tied that to caution while large billers ramp up.

Full-year revenue is now seen at $1,464 million up to $1,469 million, with contribution profit between $466 and $468 million and adjusted EBITDA from $186 million to $191 million. No 2027 view was given; that will come on the February 2027 call.