Reading the tape
NYSE: PAY
Paymentus Holdings, Inc.
Technology · Information Technology Services
Market Cap
$3.55B
52w High
$40.43
52w Low
$22.02
P/E
48.07
Volume
237.52K
Outstanding Shares
125.25M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionHigh confidence
1Y Price: -16.14%Revenue (TTM): 33.01%FCF (TTM): 112.85%P/FCF: 8th pct
What changed
The stock fell 16.14% over the last year. Revenue grew 33.01% over the trailing twelve months. Operating margin moved from 5.43% to 6.75%. Free cash flow grew 112.85% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 8th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 6.75%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
Paymentus Holdings, Inc. provides cloud-based bill payment technology and solutions.
CEODushyant Sharma
SectorTechnology
IndustryInformation Technology Services
Employees1,307
IPO dateMay 26, 2021
Valuation
Forward P/E—
EV/EBITDA29.87
Enterprise value$3.77B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth30.23%
Gross margin24.74%▼9.35%vs FY2024
Operating margin6.75%▲22.69%vs FY2024
ROE11.95%▲31.37%vs FY2024
Analyst consensus
RatingHold
Target price$33.33▲17.69%
4
Buy
6
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 3, 2026
Q3 FY26 · EPS est $0.17 · Revenue est $341.03M
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