PaySauce (PYS) Q2 2026 TU earnings summary

Executive summary

• Achieved record Annualised Recurring Revenue (ARR) of $9.2m in 2Q26, up 6% year-over-year, despite a challenging economic environment and lower interest rates.

• Launched pilot of new Australian payroll product, with commercial launch planned for February 2026.

Financial highlights

• Recurring revenue for the quarter reached $2.3m, up 4% year-over-year and 2% sequentially.

• Processing fee revenue was $1.8m, up 14% year-over-year and 4% sequentially.

• Interest revenue from customer funds declined 23% year-over-year due to falling interest rates.

• Active customers at quarter-end totaled 8,506, up 9% year-over-year and 1% sequentially.

Outlook and guidance

• Commercial launch in Australia remains on track for February 2026, following a successful pilot phase.

• Management expresses optimism for the next six months, anticipating further growth and expansion.