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Side-by-side financial comparison of Global-E Online Ltd. (GLBE) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Global-E Online Ltd. is the larger business by last-quarter revenue ($625.5M vs $330.5M, roughly 1.9× Paymentus Holdings, Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs 0.9%, a 5.3% gap on every dollar of revenue.
Global-E Online Ltd. operates a leading cross-border e-commerce enablement platform that helps direct-to-consumer brands and retail enterprises expand their international sales reach. It offers end-to-end services including localized checkout, payment processing, customs clearance, logistics coordination, and duty calculation, serving clients across North America, Europe, and the Asia-Pacific region.
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.
GLBE vs PAY — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $625.5M | $330.5M |
| Net Profit | $5.8M | $20.7M |
| Gross Margin | 45.0% | 25.4% |
| Operating Margin | 1.3% | 7.3% |
| Net Margin | 0.9% | 6.3% |
| Revenue YoY | — | 28.1% |
| Net Profit YoY | — | 57.2% |
| EPS (diluted) | — | $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.
| Q4 25 | — | $330.5M | ||
| Q3 25 | $625.5M | $310.7M | ||
| Q2 25 | $404.8M | $280.1M | ||
| Q1 25 | $189.9M | $275.2M | ||
| Q4 24 | — | $257.9M | ||
| Q3 24 | $489.9M | $231.6M | ||
| Q2 24 | $313.9M | $197.4M | ||
| Q1 24 | $145.9M | $184.9M |
| Q4 25 | — | $20.7M | ||
| Q3 25 | $5.8M | $17.7M | ||
| Q2 25 | $-7.4M | $14.7M | ||
| Q1 25 | — | $13.8M | ||
| Q4 24 | — | $13.1M | ||
| Q3 24 | $-77.1M | $14.4M | ||
| Q2 24 | $-54.5M | $9.4M | ||
| Q1 24 | — | $7.2M |
| Q4 25 | — | 25.4% | ||
| Q3 25 | 45.0% | 24.1% | ||
| Q2 25 | 44.9% | 25.5% | ||
| Q1 25 | 44.3% | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | 45.1% | 26.2% | ||
| Q2 24 | 44.8% | 29.8% | ||
| Q1 24 | 43.4% | 28.5% |
| Q4 25 | — | 7.3% | ||
| Q3 25 | 1.3% | 6.4% | ||
| Q2 25 | -2.1% | 5.7% | ||
| Q1 25 | -10.1% | 5.7% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | -14.9% | 5.2% | ||
| Q2 24 | -16.6% | 5.2% | ||
| Q1 24 | -20.1% | 4.5% |
| Q4 25 | — | 6.3% | ||
| Q3 25 | 0.9% | 5.7% | ||
| Q2 25 | -1.8% | 5.3% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | -15.7% | 6.2% | ||
| Q2 24 | -17.4% | 4.7% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | — | $0.16 | ||
| Q3 25 | — | $0.14 | ||
| Q2 25 | — | $0.11 | ||
| Q1 25 | — | $0.11 | ||
| Q4 24 | — | $0.11 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | — | $0.07 | ||
| Q1 24 | — | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $251.4M | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $933.0M | $560.4M |
| Total Assets | $1.3B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $320.9M | ||
| Q3 25 | $251.4M | $287.9M | ||
| Q2 25 | $205.2M | $266.4M | ||
| Q1 25 | $207.7M | $245.8M | ||
| Q4 24 | — | $205.9M | ||
| Q3 24 | $207.3M | $187.5M | ||
| Q2 24 | $229.8M | $188.8M | ||
| Q1 24 | $181.9M | $180.1M |
| Q4 25 | — | $560.4M | ||
| Q3 25 | $933.0M | $537.4M | ||
| Q2 25 | $909.1M | $516.7M | ||
| Q1 25 | $884.3M | $500.4M | ||
| Q4 24 | — | $485.6M | ||
| Q3 24 | $869.4M | $468.8M | ||
| Q2 24 | $878.7M | $451.6M | ||
| Q1 24 | $886.9M | $439.4M |
| Q4 25 | — | $667.9M | ||
| Q3 25 | $1.3B | $644.4M | ||
| Q2 25 | $1.2B | $609.5M | ||
| Q1 25 | $1.2B | $590.9M | ||
| Q4 24 | — | $576.2M | ||
| Q3 24 | $1.2B | $552.9M | ||
| Q2 24 | $1.1B | $527.7M | ||
| Q1 24 | $1.1B | $514.0M |
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.
| Q4 25 | — | $45.1M | ||
| Q3 25 | — | $35.1M | ||
| Q2 25 | — | $31.5M | ||
| Q1 25 | — | $50.4M | ||
| Q4 24 | — | $27.9M | ||
| Q3 24 | — | $6.7M | ||
| Q2 24 | — | $18.0M | ||
| Q1 24 | — | $11.0M |
| Q4 25 | — | $45.0M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | — | $50.4M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | — | $6.7M | ||
| Q2 24 | — | $17.8M | ||
| Q1 24 | — | $10.8M |
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | 2.18× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | — | 2.12× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 1.93× | ||
| Q1 24 | — | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLBE
Segment breakdown not available.
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
