The earnings call reflects a strong positive sentiment with significant revenue growth, profitability improvements, and increased market share. Despite some caution in future guidance and a slight decline in contribution margin, the overall performance and outlook are very positive.

Company Guidance

During the third quarter 2024 earnings call for Paymentus, detailed guidance was provided reflecting significant growth and strategic direction. Revenue for the quarter increased by 51.9% year-over-year to $231.6 million, while contribution profit rose by 30.1% to $80 million. The company also reported a 58.2% increase in adjusted EBITDA, reaching $24.6 million. These results led to an increase in the company's full-year 2024 guidance, with expectations for revenues between $829 million and $834 million. Paymentus highlighted its long-term CAGR targets of 20% top-line revenue growth and 20% to 30% adjusted EBITDA growth, emphasizing the durability of this model. The company's strategy focuses on capturing more market share and transforming the interchange economy from a cost center to a revenue center over time. Looking forward, Paymentus aims to continue leveraging its strong operating leverage and competitive advantages to sustain its growth momentum.

Record Revenue Growth

Revenue for Q3 2024 reached $231.6 million, marking a 51.9% year-over-year increase, driven by increased same-store sales, successful launch of new billers, and early launch of large enterprise customers.

Significant Adjusted EBITDA Growth

Adjusted EBITDA grew 58.2% to $24.6 million in Q3 2024, with an adjusted EBITDA margin of 30.7% for the quarter.

Strong Bookings and Early Onboarding

The company onboarded a cohort of large clients earlier than planned, resulting in full-year benefits for 2025, reducing risk for future execution.

Raised Full-Year Guidance

The company raised its full-year 2024 guidance for revenue, contribution profit, and adjusted EBITDA, indicating strong confidence in future performance.

Increased Market Share

Paymentus captured market share at a faster pace, with top-line growth above 50%, demonstrating strong execution and competitive positioning.

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Paymentus Holdings (PAY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PAY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 10, 2021	2021 (Q2)	0.01 / 0.02	0.04	-50.00% (-0.02)	―	―
Nov 09, 2021	2021 (Q3)	0.01 / 0.01	0.022	-54.55% (-0.01)	―	―
Feb 16, 2022	2021 (Q4)	<0.01 / 0.02	0.031	-35.48% (-0.01)	―	―
May 04, 2022	2022 (Q1)	<0.01 / 0.03	0.04	-25.00% (-0.01)	―	―
Aug 03, 2022	2022 (Q2)	<0.01 / 0.00	0.02	―	―	―
Nov 09, 2022	2022 (Q3)	<0.01 / 0.01	0.01	0.00% (0.00)
Feb 23, 2023	2022 (Q4)	<0.01 / 0.02	0.02	0.00% (0.00)
May 08, 2023	2023 (Q1)	<0.01 / 0.02	0.03	-33.33% (>-0.01)
Aug 07, 2023	2023 (Q2)	0.01 / 0.08	0	―
Nov 06, 2023	2023 (Q3)	0.05 / 0.09	0.01	800.00% (+0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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PAY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	$26.61	$33.80	+27.02%
Aug 08, 2024	$19.51	$22.22	+13.89%
May 06, 2024	$22.20	$19.21	-13.47%
Mar 04, 2024	$16.35	$19.65	+20.18%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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