Paysafe
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Paysafe (PSFE) investor relations material

Paysafe Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary3 Mar, 2026

Executive summary

  • Achieved third consecutive year of organic revenue growth in 2025, with $1.7 billion in revenue, up 5–6% organically, despite flat total revenue due to business disposals.

  • Strong e-commerce and iGaming growth, with digital wallet users reaching 7.8 million, the highest in three years.

  • Significant management restructuring, reducing senior leadership by over 30% since 2022 and adding new board members.

  • Renewed focus on innovation, with a vitality index reaching double digits and successful new product launches, including PaysafeWallet.

  • Platform modernization and embedded AI improved operational efficiency, reducing FTEs by 20% and accelerating product development.

Financial highlights

  • Q4 2025 revenue was $438.4 million, up 4% year-over-year; full-year organic revenue growth was 5%.

  • Adjusted EBITDA for 2025 was $428.8–$429 million, down 5% year-over-year, with a margin of 25.2%.

  • Adjusted EPS for 2025 was $1.95, down 9% year-over-year.

  • Generated $297.8–$298 million in unlevered free cash flow for the year, with cash conversion at 69%.

  • Repurchased 9.5 million shares for $92 million in 2025, buying back 16% of outstanding shares.

Outlook and guidance

  • 2026 revenue guidance: $1.79–$1.83 billion, representing 5–8% growth; organic growth of 5–7%.

  • Adjusted EBITDA guidance for 2026 is $449–$464 million, with margins expected to remain flat year-over-year.

  • Adjusted EPS projected at $2.12–$2.32, aiming for double-digit growth.

  • Focus on reducing net leverage ratio below 5x by year-end 2026.

Impact of disposed business on FY25 revenue growth
Factors driving FY25 Adjusted EBITDA decline
Reason for US SMB revenue decline in Q4
Explain drivers of PaysafeWallet's $21 CAC
Detail agent program impact on SMB margins
Hurdles for implementing Agentic Commerce
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Frequently asked questions

Paysafe Limited provides digital commerce solutions to online businesses, SMB merchants, and consumers through its Paysafe Network. The Company's segments include North America, International, and Consumer. It offers services such as payment acceptance and processing, card issuing and acquiring, interactive voice response (IVR), point of sale (POS), e-money solutions, payments management solutions, and transactional prepaid solutions. Paysafe Limited serves merchants through two primary channels - merchant sales organization and merchant direct.

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