PSFE · Paysafe Limited

Paysafe's Q1 2026 results reflect solid growth across both segments. Revenue increased 10.4% to $442.7 million, driven by a 10.2% rise in gross dollar volume to $43.9 billion. Merchant Solutions volume grew 8.5% to $37.2 billion, while Digital Wallets volume surged 18.7% to $7.1 billion, indicating strong adoption of digital payment solutions. The overall take rate remained stable at 1.0%, with Merchant Solutions steady at 0.6% and Digital Wallets slightly declining to 3.1% from 3.2%, likely due to product mix. The company continues to face headwinds from the One Big Beautiful Bill Act, maintaining a full valuation allowance against U.S. deferred tax assets. Board changes in February and May 2026 signal governance refresh, with four new directors appointed and two resignations. The NYSE delisting of warrants in November 2025 and their subsequent expiration in Q1 2026 had no impact on common shares. Management highlighted the potential impact of U.S. tariffs and government shutdowns but does not expect material disruption. Overall, the results demonstrate Paysafe's ability to grow transaction volumes and revenue in a competitive payments landscape.