Priority Technology Q1 Revenue Rises 11.1% as Payables Segment Surges
Priority Technology Holdings reported strong first-quarter 2026 financial results, with total revenue increasing 11.1% year-over-year to $249.6 million. The company’s Payables segment emerged as the primary growth driver, recording a significant 36% increase in revenue to $32.4 million. This surge was attributed to the acquisition of larger enterprise customers and higher transaction volumes, alongside a 37% rise in buyer-funded revenues and a 31% increase in supplier-funded revenues. CEO Tom Priore highlighted the strategic shift toward marketing Payables as a working capital solution for larger organizations. Meanwhile, the Treasury Solutions segment grew 17% to $58.8 million, benefiting from a 20% increase in billed clients. The largest segment, Merchant Solutions, saw a modest 7% revenue increase to $161.8 million, driven by organic growth and recent acquisitions of Boom Commerce and Dealer Merchant Solutions. Despite softness in sectors like restaurants and construction, strength in real estate and retail helped offset declines. Based on this momentum, Priority affirmed its full-year 2026 guidance, forecasting overall revenue growth between 6% and 9% compared to the previous year.
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Priority Technology Q1 Revenue Rises 11.1% as Payables Segment Surges
Priority Technology Holdings reported strong first-quarter 2026 financial results, with total revenue increasing 11.1% year-over-year to $249.6 million. The company’s Payables segment emerged as the primary growth driver, recording a significant 36% increase in revenue to $32.4 million. This surge was attributed to the acquisition of larger enterprise customers and higher transaction volumes, alongside a 37% rise in buyer-funded revenues and a 31% increase in supplier-funded revenues. CEO Tom Priore highlighted the strategic shift toward marketing Payables as a working capital solution for larger organizations. Meanwhile, the Treasury Solutions segment grew 17% to $58.8 million, benefiting from a 20% increase in billed clients. The largest segment, Merchant Solutions, saw a modest 7% revenue increase to $161.8 million, driven by organic growth and recent acquisitions of Boom Commerce and Dealer Merchant Solutions. Despite softness in sectors like restaurants and construction, strength in real estate and retail helped offset declines. Based on this momentum, Priority affirmed its full-year 2026 guidance, forecasting overall revenue growth between 6% and 9% compared to the previous year.
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