PSFE - 1Q Top-Line and EPS Beat; FY Guide Reiterated

研报英文原文证据摘录

PSFE - 1Q Top-Line and EPS Beat; FY Guide Reiterated

Payments, Processors, & IT Services

FLASH

FLASH: PAYSAFE (PSFE) May 13, 2026

PSFE - 1Q Top-Line and EPS Beat; FY Guide Reiterated Rating:

Peer Perform ●Paysafe reported 1Q26 results this morning that beat the Street on revenue Price:

by ~4%, came in just below on adjusted EBITDA, and beat on adj. EPS by $8.69

~10%. The FY26 guidance was reiterated. PSFE saw 8% organic growth in Price Target:

NA 1Q (6% excluding a data licensing deal) vs. ~4% in 4Q. PSFE saw healthy

results across both segments, with 9% organic growth in Merchant Solutions Source: FactSet, Wolfe Research

(5% ex. data licensing deal) and 7% organic growth in Digital Wallets. In Priced as of 05/12/26

Merchant Solutions, PSFE noted growth was driven by eComm (strong iGaming

volumes in North America). The company also highlighted SMB revenue

growth improved to 2% Y/Y. In Digital Wallets, growth reflected positive

momentum and active user growth in LATAM, along with strong growth from

PaysafeWallet in Europe. While gross margin came in above Street estimates, Darrin Peller

elevated SG&A expenses relative to consensus expectations drove the slight dpeller@wolferesearch.com

EBITDA miss. We look to the call for commentary on organic growth cadence for (646) 582-9310

View Darrin’s Research

the year, Direct vs. ISO mix dynamics, LATAM wallets momentum, and margin View PSFE Model

puts/takes. Pre-market shares are up 8%. View Comp Table

Paul Obrecht

pobrecht@wolferesearch.com

●1Q26 Summary: Total revenue of $443mn (+10% Y/Y reported) compares to (646) 582-9308

the Street’s $424mn and our $431mn. Organic growth came in at ~8% Y/Y Scott Wurtzel

(6% excluding a data licensing deal) vs. ~4% LQ. Adjusted EBITDA of $99mn swurtzel@wolferesearch.com

(646) 582-9313