What is the 13F Pro Quality Score for PAY?

13F Pro ranks Paymentus Holdings, Inc. (PAY) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View PAY's current score at https://13fpro.ai/company/PAY (free sign-up required for the full ranking).

Which hedge funds own the most PAY stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of PAY include Capital International Investors, WASATCH ADVISORS, BlackRock,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/PAY as soon as new 13F filings post.

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.

What sector is PAY in?

Paymentus Holdings, Inc. (PAY) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives PAY's revenue?

Per Paymentus Holdings, Inc.'s latest 10-Q filed with the SEC on 2026-08-04, the biggest revenue drivers are: Payment transaction processing revenue ($357.8M); Other revenue ($2.9M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/PAY.

What are PAY's largest expenses?

Paymentus Holdings, Inc.'s latest 10-Q reports these as the largest expense items: Cost of revenue ($266.4M, +27.7% YoY); Sales and marketing ($33.0M, +11.6% YoY); General and administrative ($13.3M, +24.4% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is PAY research updated on 13F Pro?

PAY's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Paymentus Holdings, Inc.(PAY)Stock Analysis

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SEC EDGAR: CIK 1841156 PAY stock profile & AI dashboard →

13F Pro Quality Score

69.6/100

Rank #254 of 2,962 stocksTOP 10%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

91.8/100

Profitability

55.2/100

Balance Sheet

89.9/100

Earnings Quality

66.5/100

Free Cash Flow

59.2/100

Institutional Flow

65.2/100

Revenue Scale

55.9/100

Dilution Risk

45.4/100

Email me the moment this company reports earnings

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Why PAY Scores 70/100

exact factor attribution · 2026-09-11

PAY's composite is driven by revenue growth and capital efficiency. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+8.4 pts

92th pct

Capital efficiency

+4.0 pts

90th pct

Earnings growth

+2.1 pts

91th pct

Earnings quality

+1.6 pts

67th pct

Free cash flow

+1.4 pts

59th pct

Scale

+0.9 pts

56th pct

Profitability

+0.8 pts

55th pct

Institutional flow

+0.8 pts

65th pct

Shareholder dilution

-0.2 pts

45th pct

Latest change (2026-08-04): 70 → 69 · ↓ Revenue growth 90→80; ↓ Earnings growth 91→78

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

PAY Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Paymentus Holdings, Inc. (PAY), a Industrials sector company. 13F Pro's AI-powered ranking engine scores PAY at 69.6/100 on a 32-signal composite quality model, placing it at rank #254 of 2,962 stocks — the top 10% of the AI-ranked universe. PAY scores in the top quartile across revenue growth (91.8), balance sheet strength (89.9). Shareholder dilution risk is elevated at 45.4/100, 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. Paymentus Holdings, Inc.'s 13F Pro composite quality score has ranged between 43 and 73 since 2022, currently 69.6 — an improving long-term trajectory across 64 quarterly and live scoring snapshots.

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

✓ 25/25 datapoints verified

AI-extracted from Paymentus Holdings, Inc.'s 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 →Share on X

Revenue

Q2 2026

$360.7M

Net Income

Q2 2026

$25.6M

Free Cash Flow

Q2 2026

$48.7M

Operating Margin

Q2 2026

9.0%

ROIC

Q2 2026

21.3%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+37.3% YoY

$1.20BFY 2025

FY22 $497.0MFY23 $614.5MFY24 $871.7MFY25 $1.20B

Net Income

+51.5% YoY

$66.9MFY 2025

FY22 $-513.0KFY23 $22.3MFY24 $44.2MFY25 $66.9M

Operating Income

+68.4% YoY

$75.5MFY 2025

FY22 $-3.0MFY23 $18.1MFY24 $44.9MFY25 $75.5M

EPS (Diluted)

+48.6% YoY

$0.52FY 2025

FY22 $0.00FY23 $0.18FY24 $0.35FY25 $0.52

Total Assets

+15.9% YoY

$667.9MFY 2025

FY22 $461.5MFY23 $504.9MFY24 $576.2MFY25 $667.9M

Op. Cash Flow

+154.8% YoY

$162.1MFY 2025

FY22 $19.9MFY23 $68.8MFY24 $63.6MFY25 $162.1M

Free Cash Flow

+156.1% YoY

$161.8MFY 2025

FY22 $18.6MFY23 $68.2MFY24 $63.2MFY25 $161.8M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.20B +37.3%	$871.7M +41.9%	$614.5M +23.6%	$497.0M +25.7%	$395.5M +31.1%	$301.8M
Net Income	$66.9M +51.5%	$44.2M +97.9%	$22.3M +4451.3%	$-513.0K -105.5%	$9.3M -32.2%	$13.7M
Operating Income	$75.5M +68.4%	$44.9M +147.9%	$18.1M +708.0%	$-3.0M -128.7%	$10.4M -43.7%	$18.4M
EPS (Diluted)	$0.52 +48.6%	$0.35 +94.4%	$0.18	$0.00 -100.0%	$0.06 +275.0%	$0.02
Total Assets	$667.9M +15.9%	$576.2M +14.1%	$504.9M +9.4%	$461.5M -2.4%	$472.9M +278.7%	$124.9M
Operating Cash Flow	$162.1M +154.8%	$63.6M -7.5%	$68.8M +246.4%	$19.9M +1.9%	$19.5M -45.3%	$35.6M
Free Cash Flow	$161.8M +156.1%	$63.2M -7.4%	$68.2M +266.6%	$18.6M +0.5%	$18.5M -47.3%	$35.2M

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Available Research

13F Pro tracks comprehensive data for Paymentus Holdings, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of PAY

Capital International Investors
$170.8M7,069,846 sh
WASATCH ADVISORS LP
$149.5M6,188,196 sh
BlackRock, Inc.
$112.2M4,643,131 sh
Capital World Investors
$103.3M4,276,060 sh
BROWN BROTHERS HARRIMAN & CO
$68.2M2,820,964 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$61.9M2,563,614 sh
VANGUARD CAPITAL MANAGEMENT LLC
$61.0M2,524,171 sh
FULLER & THALER ASSET MANAGEMENT, INC.
$47.0M1,946,392 sh
GEODE CAPITAL MANAGEMENT, LLC
$35.6M1,472,722 sh
FRANKLIN RESOURCES INC
$31.3M1,293,473 sh

Fund	Value	Shares
Capital International Investors	$170.8M	7,069,846
WASATCH ADVISORS LP	$149.5M	6,188,196
BlackRock, Inc.	$112.2M	4,643,131
Capital World Investors	$103.3M	4,276,060
BROWN BROTHERS HARRIMAN & CO	$68.2M	2,820,964
VANGUARD PORTFOLIO MANAGEMENT LLC	$61.9M	2,563,614
VANGUARD CAPITAL MANAGEMENT LLC	$61.0M	2,524,171
FULLER & THALER ASSET MANAGEMENT, INC.	$47.0M	1,946,392
GEODE CAPITAL MANAGEMENT, LLC	$35.6M	1,472,722
FRANKLIN RESOURCES INC	$31.3M	1,293,473

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Is PAY a good stock to buy?

13F Pro's AI-powered analysis of Paymentus Holdings, Inc. (PAY) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PAY are available on the PAY stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. PAY is classified as a mid company.

Which hedge funds own PAY?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PAY. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Paymentus Holdings, Inc.'s investment landscape.