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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $330.5M, roughly 1.2× Paymentus Holdings, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs 6.3%, a 25.5% gap on every dollar of revenue. Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% CAGR vs 16.1%).
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
AX vs PAY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $330.5M |
| Net Profit | $124.7M | $20.7M |
| Gross Margin | — | 25.4% |
| Operating Margin | — | 7.3% |
| Net Margin | 31.8% | 6.3% |
| Revenue YoY | — | 28.1% |
| Net Profit YoY | 18.5% | 57.2% |
| EPS (diluted) | $2.15 | $0.16 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $392.2M | — | ||
| Q4 25 | $385.1M | $330.5M | ||
| Q3 25 | $323.4M | $310.7M | ||
| Q2 25 | $321.4M | $280.1M | ||
| Q1 25 | $308.8M | $275.2M | ||
| Q4 24 | $307.9M | $257.9M | ||
| Q3 24 | $320.7M | $231.6M | ||
| Q2 24 | $290.9M | $197.4M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $20.7M | ||
| Q3 25 | $112.4M | $17.7M | ||
| Q2 25 | $110.7M | $14.7M | ||
| Q1 25 | $105.2M | $13.8M | ||
| Q4 24 | $104.7M | $13.1M | ||
| Q3 24 | $112.3M | $14.4M | ||
| Q2 24 | $104.9M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 29.8% |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | 7.3% | ||
| Q3 25 | 46.3% | 6.4% | ||
| Q2 25 | 48.5% | 5.7% | ||
| Q1 25 | 47.9% | 5.7% | ||
| Q4 24 | 48.8% | 5.5% | ||
| Q3 24 | 49.6% | 5.2% | ||
| Q2 24 | 49.6% | 5.2% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | 6.3% | ||
| Q3 25 | 34.7% | 5.7% | ||
| Q2 25 | 34.4% | 5.3% | ||
| Q1 25 | 34.1% | 5.0% | ||
| Q4 24 | 34.0% | 5.1% | ||
| Q3 24 | 35.0% | 6.2% | ||
| Q2 24 | 36.0% | 4.7% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $0.16 | ||
| Q3 25 | $1.94 | $0.14 | ||
| Q2 25 | $1.89 | $0.11 | ||
| Q1 25 | $1.81 | $0.11 | ||
| Q4 24 | $1.80 | $0.11 | ||
| Q3 24 | $1.93 | $0.11 | ||
| Q2 24 | $1.75 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.1B | $560.4M |
| Total Assets | $29.2B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $320.9M | ||
| Q3 25 | $2.6B | $287.9M | ||
| Q2 25 | $1.9B | $266.4M | ||
| Q1 25 | $2.0B | $245.8M | ||
| Q4 24 | $2.4B | $205.9M | ||
| Q3 24 | $2.6B | $187.5M | ||
| Q2 24 | $2.0B | $188.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $560.4M | ||
| Q3 25 | $2.8B | $537.4M | ||
| Q2 25 | $2.7B | $516.7M | ||
| Q1 25 | $2.6B | $500.4M | ||
| Q4 24 | $2.5B | $485.6M | ||
| Q3 24 | $2.4B | $468.8M | ||
| Q2 24 | $2.3B | $451.6M |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $667.9M | ||
| Q3 25 | $27.4B | $644.4M | ||
| Q2 25 | $24.8B | $609.5M | ||
| Q1 25 | $24.0B | $590.9M | ||
| Q4 24 | $23.7B | $576.2M | ||
| Q3 24 | $23.6B | $552.9M | ||
| Q2 24 | $22.9B | $527.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $45.1M | ||
| Q3 25 | $118.4M | $35.1M | ||
| Q2 25 | $490.3M | $31.5M | ||
| Q1 25 | $73.7M | $50.4M | ||
| Q4 24 | $162.5M | $27.9M | ||
| Q3 24 | $70.8M | $6.7M | ||
| Q2 24 | $305.5M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $45.0M | ||
| Q3 25 | $109.3M | $35.0M | ||
| Q2 25 | $436.1M | $31.4M | ||
| Q1 25 | $65.1M | $50.4M | ||
| Q4 24 | $156.4M | $27.8M | ||
| Q3 24 | $53.0M | $6.7M | ||
| Q2 24 | $269.5M | $17.8M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 13.6% | ||
| Q3 25 | 33.8% | 11.3% | ||
| Q2 25 | 135.7% | 11.2% | ||
| Q1 25 | 21.1% | 18.3% | ||
| Q4 24 | 50.8% | 10.8% | ||
| Q3 24 | 16.5% | 2.9% | ||
| Q2 24 | 92.6% | 9.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 0.0% | ||
| Q3 25 | 2.8% | 0.0% | ||
| Q2 25 | 16.9% | 0.0% | ||
| Q1 25 | 2.8% | 0.0% | ||
| Q4 24 | 2.0% | 0.0% | ||
| Q3 24 | 5.5% | 0.0% | ||
| Q2 24 | 12.4% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 2.18× | ||
| Q3 25 | 1.05× | 1.98× | ||
| Q2 25 | 4.43× | 2.14× | ||
| Q1 25 | 0.70× | 3.65× | ||
| Q4 24 | 1.55× | 2.12× | ||
| Q3 24 | 0.63× | 0.47× | ||
| Q2 24 | 2.91× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
| Net Interest Income | $306.3M | 78% |
| Noninterest Income | $86.0M | 22% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
