Nayax (NASDAQ:NYAX) Issues Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Posted by Francis Steltz on Nov 11th, 2026

Nayax (NASDAQ:NYAX – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.19, FiscalAI reports. Nayax had a return on equity of 10.45% and a net margin of 1.74%. The company had revenue of $128.04 million for the quarter, compared to analysts’ expectations of $134.35 million.

Here are the key takeaways from Nayax’s conference call:

Q3 revenue rose 23% to $128 million, while recurring revenue grew 21% and reached 73% of the total. Transaction value increased 26%, and average revenue per connected device rose 11% year over year.
Profitability improved, with record gross margin of 49.6% and adjusted EBITDA up 33% to $24.2 million; hardware margin rebounded to 35.2% from 28.1% in Q2. The company reported a $1.1 million net loss, which management attributed mainly to higher stock-based compensation and financial expenses.
Nayax reaffirmed its 2026 revenue guidance of $530 million–$540 million including IPS, and adjusted EBITDA guidance of $90 million–$95 million. Q3 free cash flow was $10 million, though full-year free cash flow conversion is still expected to be only 5%–10% excluding IPS, reflecting planned investments.
The October acquisition of IPS adds a parking platform serving more than 250,000 spaces and about $500 million in existing cashless payment volume, with plans to integrate Nayax processing and expand into Europe. Management said integration is a 2027 priority; pro forma leverage is about four times, and the company does not plan another large acquisition soon.
Management said 2027 will focus on converting partnerships, OEM integrations, and new-market expansion into recurring revenue, alongside growing financial services. It reiterated its longer-term goal of reaching a 30% adjusted EBITDA margin in 2028, while noting this depends on growth, integration, and operating efficiencies.

Nayax Price Performance

Nayax stock traded up $4.12 during midday trading on Wednesday, reaching $52.97. 64,287 shares of the stock traded hands, compared to its average volume of 21,173. The stock has a market cap of $1.94 billion, a P/E ratio of 252.21 and a beta of 0.46. The stock’s fifty day moving average is $47.44 and its 200-day moving average is $58.12. The company has a quick ratio of 2.03, a current ratio of 2.12 and a debt-to-equity ratio of 1.43. Nayax has a 12 month low of $39.17 and a 12 month high of $76.86.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NYAX shares. Keefe, Bruyette & Woods upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research report on Friday, August 14th. Barclays dropped their target price on shares of Nayax from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Jefferies Financial Group assumed coverage on shares of Nayax in a research note on Wednesday, October 7th. They set a “buy” rating and a $68.30 target price for the company. UBS Group reaffirmed a “neutral” rating and set a $70.00 target price on shares of Nayax in a research note on Tuesday, August 11th. Finally, Weiss Ratings downgraded shares of Nayax from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $73.46.

Check Out Our Latest Research Report on Nayax

Insider Transactions at Nayax

In related news, insider Gal Omer sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $45.17, for a total value of $67,755.00. Following the completion of the transaction, the insider directly owned 18,539 shares of the company’s stock, valued at approximately $837,406.63. This trade represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Yair Nechmad purchased 44,148 shares of Nayax stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average price of $47.84 per share, for a total transaction of $2,112,040.32. Following the transaction, the chief executive officer directly owned 7,524,641 shares of the company’s stock, valued at $359,978,825.44. The trade was a 0.59% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 198,962 shares of company stock valued at $8,972,432 and have sold 3,161 shares valued at $146,588.

About Nayax

(Get Free Report)

Nayax Ltd. is a financial technology and commerce platform company focused on unattended and self-service retail. Its offerings combine cashless payment processing with business management and consumer-engagement tools. The company provides payment devices and software that support cashless transactions, remote monitoring, sales reporting and loyalty programs. Its solutions serve operators in markets such as vending, self-service laundries, micro markets and other unattended retail settings. Founded in 2005 and headquartered in Israel, Nayax serves merchants and operators in markets around the world.