PAY is the ticker symbol for Paymentus Holdings, Inc., a publicly traded Industrials sector company listed on NYSE. 13F Pro tracks PAY with AI-powered analysis, an AI quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is PAY a good stock to buy?

13F Pro's AI ranking engine scores PAY at 69.5/100, ranked #254 of 2,925 stocks on a composite quality score built from its SEC filings, covering profitability, growth, balance sheet strength, and free cash flow. The full AI verdict and bull/bear case for PAY is available at https://13fpro.ai/company/PAY. Not investment advice — review the underlying SEC filings before making any trade.

Where does 13F Pro source PAY data?

All Paymentus Holdings, Inc. fundamentals and ownership data come directly from SEC EDGAR. Paymentus Holdings, Inc. files with the SEC under CIK 1841156. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

Paymentus Holdings, Inc. PAY

NYSEMid CapIndustrials

13F Pro quality score

Rank #254 of 2,925TOP 10%

Why it scores 70 Industrials peers →

Rankings refresh quarterly once 80% of peers have filed. Next update: ~Nov 14, 2026.

Revenue

$360.74M

Quarter to Jun 30

Net income

$25.56M

Quarter to Jun 30

Free cash flow

$48.75M

Quarter to Jun 30

Operating margin

9.0%

Quarter to Jun 30

Top Institutional Holders

as of Q2 2026

$1.36B total

Capital International Investors

$170.81M+2.8%

WASATCH ADVISORS LP

$149.51M-21.6%

BlackRock, Inc.

$112.18M+352.7%

Capital World Investors

$103.31M+1.5%

BROWN BROTHERS HARRIMAN & CO

$68.15M+31.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

$61.94M+21.0%

VANGUARD CAPITAL MANAGEMENT LLC

$60.98M+3.7%

FULLER & THALER ASSET MANAGEMENT, INC.

$47.02M-0.3%

GEODE CAPITAL MANAGEMENT, LLC

$35.59M+109.7%

FRANKLIN RESOURCES INC

$31.25M-45.3%

Invesco Ltd.

$30.22M+24.6%

STATE STREET CORP

$25.56M+178.5%

LOOMIS SAYLES & CO L P

$22.65M-6.7%

DIMENSIONAL FUND ADVISORS LP

$22.04M+9.1%

CYPRESS POINT INVESTMENT MANAGEMENT LP

$21.29M+4.9%

NOMURA ASSET MANAGEMENT INTERNATIONAL INC.

$19.72M+138.4%

NEXT CENTURY GROWTH INVESTORS LLC

$18.66M-33.3%

GOLDMAN SACHS GROUP INC

$18.46M+115.7%

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insuran

$17.72M0.0%

MARSHALL WACE, LLP

$17.17M+159.0%

MASSACHUSETTS FINANCIAL SERVICES CO /MA/

$17.08MNew

MORGAN STANLEY

$15.75M+172.6%

TimesSquare Capital Management, LLC

$14.98M-6.0%

North Reef Capital Management LP

$14.50M-18.3%

SILVERCREST ASSET MANAGEMENT GROUP LLC

$14.24M-8.1%

See all 184 institutional holders →

What's Driving PAY's Business? Latest 10-Q Breakdown

25/25 datapoints verified

AI-extracted from the 10-Q filed 2026-08-04 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Paymentus grew Q2 revenue 28.8% YoY to $360.7M on 21.4% higher transaction volume, with net income up 73.8% to $25.6M as operating leverage drove income from operations up 104.9%.

Biggest Revenue Drivers

Payment transaction processing revenue$357.8M

Increase primarily driven by higher number of transactions processed, from new biller implementations and increased transactions from existing billers.

Other revenue$2.9M

Biggest Revenue Drivers

Total revenue: $360.7M+28.8% YoY

Payment transaction processing revenue$357.8M

Increase primarily driven by higher number of transactions processed, from new biller implementations and increased transactions from existing billers.

Other revenue$2.9M

Largest Expense Items

Cost of revenue$266.4M+27.7% YoY

Increase corresponds with higher revenue and transaction volumes; consists primarily of interchange fees and processor costs.

Sales and marketing$33.0M+11.6% YoY

Driven by higher agency and sales commission costs and higher employee-related costs, partially offset by lower amortization.

General and administrative$13.3M+24.4% YoY

Driven by higher stock-based compensation, employee-related costs, lease expense and insurance premiums, partly offset by lower legal fees.

Research and development$15.3M+0.6% YoY

Remained relatively consistent; higher employee-related costs largely offset by lower amortization and stock-based compensation expense.

Margins: Gross margin rose to 26.1% from 25.5% YoY as economies of scale more than offset a mix shift toward lower-margin high-volume enterprise billers; operating margin expanded to 9.0% from 5.7%.

Watch Items from the Filing

One reseller accounted for more than 10% of accounts receivable as of June 30, 2026, indicating customer/channel concentration risk.
Effective tax rate jumped to 28.3% from 19.9% YoY, primarily due to increased executive stock-based compensation and fewer excess tax benefits versus 2025.
Adjusted EBITDA grew 54.0% YoY to $48.8M, outpacing revenue growth of 28.8%, reflecting operating leverage as certain costs stayed largely fixed.
Remaining performance obligations totaled only $7.2 million as of June 30, 2026, a small disclosed backlog relative to quarterly revenue.
US revenue was $354.8M versus $5.9M from other geographies in the quarter, showing heavy concentration in the US market.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →

Key Metrics

Revenue

Q2 2026

EDGAR

Net Income

Q2 2026

EDGAR

EPS (Diluted)

Q2 2026

EDGAR

Operating Margin

Q2 2026

EDGAR

ROIC

Q2 2026

EDGAR

Free Cash Flow

Q2 2026

EDGAR

Financial Trends

Revenue & Net Income

13fpro.ai/company/PAY

Earnings Per Share

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Paymentus Holdings, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Op. marginOperating margin
FY 2025	10-K	$1.2B	$66.9M	6.3%
FY 2024	10-K	$871.7M	$44.2M	5.1%
FY 2023	10-K	$614.5M	$22.3M	2.9%
FY 2022	10-K	$497.0M	$-513.0K	-0.6%
FY 2021	10-K	$395.5M	$9.3M	2.6%
FY 2020	10-K	$301.8M	$13.7M	6.1%

About Paymentus Holdings, Inc. (PAY): stock profile, AI score and financials

Paymentus Holdings, Inc. (PAY) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores PAY at 69.5/100 on a composite quality score built from its SEC filings, placing it at rank #254 of 2,925 stocks — the top 10% of the AI-ranked universe. PAY scores in the top quartile across revenue growth (91.6), balance sheet strength (90.1). Shareholder dilution risk is elevated at 44.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Paymentus Holdings, Inc. reports quarterly revenue of $360.7M, net income of $25.6M, an operating margin of 9.0%. Top institutional holders of PAY by reported 13-F value include Capital International Investors, WASATCH ADVISORS, BlackRock, based on the most recent SEC filings. PAY trades on the NYSE exchange and files with the SEC under CIK 1841156. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PAY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Paymentus Holdings, Inc. directly from SEC EDGAR.

Financials through the period ended Jun 30, 2026SEC EDGAR: CIK 1841156 →

Paymentus Holdings, Inc. PAY

Top Institutional Holders

What's Driving PAY's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Biggest Revenue Drivers

Largest Expense Items

Watch Items from the Filing

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

PAY key financials by period

PAY insiders

About Paymentus Holdings, Inc. (PAY): stock profile, AI score and financials

Paymentus Holdings, Inc. PAY

Top Institutional Holders

What's Driving PAY's Business? Latest 10-Q Breakdown

Biggest Revenue Drivers

Key Metrics

Financial Trends

Revenue & Net Income

Earnings Per Share

PAY key financials by period

Companies similar to PAY

PAY insiders

About Paymentus Holdings, Inc. (PAY): stock profile, AI score and financials