NYSE$PAY

Paymentus Holdings Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Paymentus delivered strong results driven by increased billers and transactions.

Paymentus reported a record revenue of $231.6 million, representing a 51.9% year-over-year increase. Net income was $14.4 million, with a GAAP earnings per share of $0.11. Adjusted EBITDA increased by 58.2% year-over-year, reflecting a 30.7% adjusted EBITDA margin.

  • Revenue increased by 51.9% year-over-year, reaching a record $231.6 million.
  • Gross profit increased by 29.3% year-over-year to $60.7 million.
  • Net income was $14.4 million, with GAAP earnings per share at $0.11.
  • Adjusted EBITDA increased by 58.2% year-over-year, resulting in a 30.7% adjusted EBITDA margin.

Headline financials

Total Revenue

$232M

Previous: $152M+51.9%
EPS

$0.11

Previous: $0.07+57.1%
Transactions Processed

155.3M

Previous: 115.4M+34.6%
Adjusted EBITDA

$24.6M

No prior period
Adjusted EBITDA Margin

30.7%

No prior period
Adjusted Gross Profit

$66.2M

No prior period
Contribution Profit

$80M

No prior period
Capital Expenditures

-$376K

Previous: -$511K+26.4%
Free Cash Flow

$14.1M

Previous: $5.87M+139.6%
Net Income

$14.4M

Previous: $6.38M+126.3%
Operating Income

$12.1M

Previous: $5.31M+127.6%
Gross Profit

$60.7M

Previous: $46.9M+29.3%
Cash & Equivalents

$188M

Previous: $162M+15.7%
Total Assets

$553M

Previous: $489M+13.0%
R&D Expense

$9.32M

Previous: $11M-15.5%
Stock-Based Comp

$3.17M

Previous: $2.46M+29.0%

Revenue & EPS history

Paymentus · Revenue · Quarterly

$232M

Q3 2024+51.9%vs Q3 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

Paymentus anticipates revenue between $215 million and $220 million, contribution profit between $79 million and $81 million, and adjusted EBITDA between $22 million and $24 million for the fourth quarter of 2024. For the full fiscal year 2024, the company projects revenue between $829 million and $834 million, contribution profit between $305 million and $307 million, and adjusted EBITDA between $89 million and $91 million.

Tailwinds

  • Revenue is expected to be between $215 million and $220 million for Q4 2024.
  • Contribution Profit is projected to be between $79 million and $81 million for Q4 2024.
  • Adjusted EBITDA is anticipated to be between $22 million and $24 million for Q4 2024.
  • Full year revenue is projected to be between $829 million and $834 million.
  • Full year Contribution Profit is expected to be between $305 million and $307 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+5.3%

Avg return

Earnings day

+4.4%

Avg return

5 days after

+1.2%

Avg return

30 days after

58%

14 / 24 earnings

Positive

+27.4%

Q2 2023

Best reaction

-22.0%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%-4.0%-24.7%
Q4 2025-1.1%+0.3%+3.1%
Q3 2025+25.4%+30.9%+27.6%
Q1 2025+2.6%+8.0%+4.9%
Q4 2024+24.6%+20.2%+7.3%
Q3 2024+26.2%+25.1%+30.5%
Q2 2024+17.9%+20.4%+6.8%
Q1 2024-8.6%-10.8%-8.3%
Q4 2023+24.2%+21.4%+34.5%
Q3 2023+4.2%+5.0%+14.6%
Q2 2023+27.4%+32.6%+44.8%
Q1 2023+10.8%+10.0%+23.7%
Q4 2022+10.4%+11.9%-0.2%
Q3 2022+19.5%+18.2%-3.5%
Q2 2022-22.0%-22.4%-31.3%
Q1 2022-12.4%-15.6%-7.7%
Q4 2019-5.5%-5.2%-4.9%
Q4 2021-20.0%-28.9%-30.1%
Q3 2020+4.0%+6.2%+1.1%
Q3 2021+11.5%+8.4%+0.2%
Q1 2021-4.7%-7.5%-13.8%
Q2 2020-4.7%-7.5%-13.8%
Q4 2020-4.7%-7.5%-13.8%
Q2 2021+0.0%-4.9%-17.9%
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012

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