Paymentus reported a strong second quarter with a 28.3% increase in revenue year-over-year, driven by a 39.4% increase in transaction volume. The company also saw a significant increase in gross profit and contribution profit.
Processed 89.5 million transactions, an increase of 39.4% year-over-year.
Revenue increased by 28.3% year-over-year, reaching $120.0 million.
Gross profit increased to $35.8 million, compared to $28.9 million in the second quarter of 2021.
Contribution profit increased by 30.1% year-over-year, reaching $48.7 million.
Paymentus expects revenue for the full year 2022 to be between $485 million and $492 million, representing approximately 25% to 27% growth year-over-year. Contribution profit is anticipated to be between $200 million and $204 million, reflecting 26% to 29% growth year-over-year. Adjusted EBITDA is expected to be between $25 million and $28.5 million, resulting in an expected adjusted EBITDA margin of approximately 13% to 14%.