Nayax Reports 18% Q1 Revenue Growth, Expands Network 30%
Nayax Ltd. reported Q1 2026 revenue of $42.8 million, an 18% year-over-year increase, and processed $1.9 billion in transactions, up 35%. The company expanded its merchant network by 30% with launches in Germany and Spain and improved adjusted EBITDA margin to 15%.
1. Q1 Financial Results
Nayax delivered Q1 2026 revenue of $42.8 million, up 18% from a year earlier, driven by higher transaction fees and subscription services. Adjusted EBITDA reached $6.4 million, lifting margin to 15% versus 13% in the prior year period.
2. Merchant Network Expansion
During the quarter, the company added over 2,500 merchants, growing its network by 30%. Notable market entries included Germany and Spain, supported by new local partnerships to accelerate deployment of cashless payment terminals.
3. Product and Strategic Initiatives
Nayax launched an updated loyalty and engagement platform for unattended retail operators and completed the $8 million acquisition of QuickPay, enhancing its payment processing and analytics capabilities across Europe.
4. Outlook and Guidance
Management reiterated full-year 2026 revenue guidance of $185 million to $190 million and forecasted adjusted EBITDA margin expansion to 16%, citing ongoing cost efficiencies and continued network growth.