Nayax Reports Second Quarter 2026 Results

Nayax Ltd., a global commerce payments and loyalty platform designed to help merchants scale their business, recently announced its financial results for the second quarter ended June 30, 2026.

Image Source: Nayax Ltd.

“We had a strong second quarter, with continued execution across the business. Revenue grew 28% to $123 million, with organic revenue growth of 24% year to date, our installed base surpassed 1.55 million devices, and our customer base reached 125,000. Our growth algorithm continues to work, and this quarter we began building the next layer on top of it. Through Lynkwell, we are deploying DC fast chargers at more than double the pre-acquisition pace, and with Nayax Capital we are laying the foundation for embedded financial services — building our in-house issuing capability and, as recently announced, applying for a U.S. bank charter. We are accelerating these investments because every service we add reaches the 1.55 million installed base we have already built, and I have never been more excited with the opportunities ahead of us,” commented Yair Nechmad, Nayax Chief Executive Officer and Chairman of the Board in a recent press release.

Financial Highlights

• Revenue increased 28.2% to $122.6 million from $95.6 million, driven by both new and existing customer expansion.
• Organic Revenue(3) growth year to date was 24% and for the quarter 21.4%.
• Recurring revenue from SaaS and payment processing fees grew 24.0%, to $87.7 million and represented 72% of total revenue.
• POS devices revenue increased by 40.2% to $34.9 million with strong demand for our products across all market segments.
• Gross margin was 46.9%.
• Operating loss was $6.7 million compared to operating income of $9.5 million in last year’s second quarter.
• Cash flow provided from operating activities for the first half of 2026 was $2.3 million.
• As of June 30, 2026, the Company had $304 million in cash and cash equivalents and short-term deposits. Short-term and long-term debt balances was $349 million.

Business Highlights

• Filed an application to establish Nayax America Bank Inc. under Connecticut’s Innovation Bank Charter framework, a non-depository bank that once chartered would enable Nayax to offer corporate cards, controlled-spend programs, and working-capital solutions directly through its platform, extending Nayax’s owned payment and card-issuing infrastructure (already held across the EU, UK, and Israel) into North America, its largest market. In parallel, Nayax launched Yellow Account, a new embedded banking product for U.S. customers that lets them receive settlement funds, hold balances, and use linked business debit cards (“Yellow Cards”) directly within the Nayax platform. Approval of the charter application is subject to regulatory review and is not guaranteed.
• Expanded into Panama, making Nayax’s cashless payment acceptance services available to local merchants through Grupo Sky. The launch extends Nayax’s Latin American footprint and supports card-present payments across unattended and self-service use cases, including vending, laundromats, EV charging, parking, and kiosks.
• Expanded into North Macedonia, making Nayax’s full suite of cashless payment services available to merchants across the country. The launch strengthens Nayax’s presence in the Balkan region, building on existing operations in markets such as Croatia, and supports the continued adoption of cashless payments across unattended and self-service environments.
• Added a new AI layer to Nayax’s MoMa mobile app for vending and self-service operators, designed to help operators make better, more informed decisions and act faster from wherever they are. The new capabilities include an AI assistant that answers questions from an operator’s own business data, data-driven planogram suggestions, and visual-recognition planogram setup.
• Launched AI-powered Product Discovery for Retailers, natively integrated into the Nayax platform. The solution enables merchants to grow revenue and deepen customer engagement through real-time data and intelligent recommendations, capturing shopper intent at the moment of discovery and converting it into revenue across online and in-store channels.
• Launched the VPOS Media 4 Series in Japan, comprising the VPOS Media 4 and VPOS Media 4 Mini, Android-based payment terminals purpose-built for Japan’s unattended commerce market across amusement, laundry, parking, and EV charging.
• Appointed EFT Solutions Limited as authorized distributor and support partner in Hong Kong, expanding Nayax’s presence in Asia-Pacific through EFT Solutions’ established local sales channels and on-the-ground support. The partnership broadens access to Nayax’s cashless payment solutions across Hong Kong’s vending, self-service, amusement, EV charging, and automated retail sectors.
• Completed the integration of VMtecnologia in Brazil, unifying all Brazilian operations under the Nayax brand and strengthening the Company’s position in Latin America. In connection with the rebrand, Nayax launched VPOS Media in Brazil’s fast-growing EV charging market, enabling direct card and digital-wallet payments at charging stations without requiring a third-party app.

Future Outlook

With respect to Nayax’s mid-term 2028 outlook, which was introduced shortly after its IPO in 2021, the Company continues to make measurable progress. The framework includes revenue of $1.0 billion driven by a combination of organic growth and strategic M&A, gross margin of 50%, and Adjusted EBITDA margin of 30%, as we continue to drive high margin recurring revenues and operational efficiency.

Nayax is reaffirming its financial outlook for 2026 of revenue in the range of $510 million to $520 million. The guidance is inclusive of organic revenue growth of 22% to 25%.

The Company is revising its guidance for free cash flow. We now expect free cash flow conversion from Adjusted EBITDA of approximately 5% to 10% for the year (in our earnings release for the first quarter ended March 31, 2026 we projected approximately 40% for the year). This primarily reflects accelerated investments the Company is making to support its long-term growth initiatives. The areas of investment are in financial services (including lending, installment and issuing capabilities), capturing market share in the EV charging space, and securing sourcing of key components and costs. This update reflects the timing of cashflows rather than a change in our underlying operating outlook.

See the full report here.

About Nayax

Nayax is a global commerce enablement, payments and loyalty platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and loyalty tools, enabling merchants to conduct commerce anywhere, at any time. With foundations and global leadership in serving unattended retail, Nayax has transformed into a comprehensive solution focused on our customers’ growth across multiple channels. As of June 30, 2026, Nayax has 13 global offices, approximately 1,250 employees, connections to more than 80 merchant acquirers and payment method integrations and is globally recognized as a payment facilitator. Nayax’s mission is to improve our customers’ revenue potential and operational efficiency — effectively and simply. For more information, please visit nayax.com.