Paymentus Reports Record Q4 and Full-Year 2025 Results

Fintech firm highlights strong revenue growth, expanding profitability, and robust backlog

Published on Feb. 24, 2026

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Paymentus (NYSE:PAY) management reported fourth-quarter and full-year 2025 results that exceeded expectations, with record revenue of $1.2 billion for the year, up 37.3% year-over-year. The company also saw expanding profitability, with adjusted EBITDA reaching $137.4 million, up 45.9%, and free cash flow growing over 360% year-over-year to $125 million. Paymentus cited its 'innovative DNA,' execution on long-term strategy, and disruption of legacy bill payment infrastructure as key drivers of its strong performance.

Why it matters

Paymentus's results demonstrate the company's ability to capitalize on the shift towards digital payments and the growing demand for cloud-based, consumption-based billing and payment solutions. The company's success highlights its position as a disruptive force in the fintech space, challenging traditional software business models and positioning itself for further growth as the 'world moves more towards us'.

The details

In Q4 2025, Paymentus reported revenue of $330.5 million, up 28.1% year-over-year, driven by the first full-quarter benefit from large enterprise customers and increased same-store sales from existing billers. Contribution profit was $106.9 million, up 24%, while adjusted EBITDA reached a record $39.9 million, up 46.3%. The company processed 192.7 million transactions in the quarter, up 16.1% year-over-year, with average price per transaction increasing to $1.72 from $1.55 a year earlier. For the full year 2025, Paymentus reported revenue of $1.2 billion, up 37.3% year-over-year, with contribution profit of $386.3 million, up 23.8%, and adjusted EBITDA of $137.4 million, up 45.9%.

  • Paymentus exited 2023 with just over $600 million of top-line revenue and had a little over $300 million in 2020.
  • Paymentus reported fourth-quarter 2025 results on February 24, 2026.

The players

Dushyant Sharma

Founder and CEO of Paymentus.

Sanjay Kalra

Chief Financial Officer of Paymentus.

Paymentus

A U.S.-based financial technology company that specializes in cloud-native bill payment and presentment solutions.

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What they’re saying

“2025 as a 'significant milestone year,' noting that the company surpassed $1 billion in annual revenue for the first time and finished the year at $1.2 billion.”

— Dushyant Sharma, Founder and CEO (Paymentus Earnings Call)

“The current fintech environment—where buyers are increasingly rejecting 'strategic complacence' and niche business models—creates an opportunity for further disruption.”

— Dushyant Sharma, Founder and CEO (Paymentus Earnings Call)

“The advent of generative AI is challenging traditional software business models and said Paymentus believes 'the world is moving more towards us.'”

— Dushyant Sharma, Founder and CEO (Paymentus Earnings Call)

What’s next

Paymentus management said onboarding the backlog of new clients remains a priority, and the company expects to continue expanding its customer base across various industries in 2026.

The takeaway

Paymentus's strong financial performance and growth trajectory demonstrate its ability to disrupt the traditional bill payment industry through its innovative, cloud-based platform and consumption-based business model. The company's focus on expanding its customer base and leveraging emerging technologies like AI positions it for continued success in the fintech space.