Paymentus Q1 revenue beats estimates, driven by higher billers and transactions

Overview

• US cloud bill payment tech firm's Q1 revenue rose 30% yr/yr, beating analyst expectations

• Adjusted EBITDA grew 41% yr/yr, with margin rising to 38.7%

• Growth driven by increased billers and transactions processed

Outlook

• Paymentus sees Q2 revenue between $340 mln and $350 mln

• Company expects Q2 contribution profit of $108 mln to $111 mln

• Paymentus forecasts full-year 2026 adjusted EBITDA of $165 mln to $172 mln

Result Drivers

• HIGHER BILLERS AND TRANSACTIONS - Co said Q1 revenue growth was largely driven by an increase in billers and transactions processed

Company press release: ID:nBwnyZgra

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the financial technology (fintech) peer group is "buy"

• Wall Street's median 12-month price target for Paymentus Holdings Inc is $32.00, about 15.3% above its May 1 closing price of $27.76

• The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 35 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.