Merchant Card Fees was Priority Technology Holdings’s largest product and service line in fiscal 2024, bringing in $1.19B of $1.56B (76%).
| Product and Service | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| Merchant Card Fees | $937.53M | $1.10B | $1.13B | $1.19B | ||||
| Merchant Card Fees Revenue | — | — | — | — | ||||
| Outsourced Services & Other Services | $30.39M | $143.07M | $196.27M | $260.25M | ||||
| Money Transmission Services | $38.83M | $31.00M | $66.67M | $94.89M | ||||
| Outsourced Services | — | — | — | — | ||||
| Outsourced Services & Other | — | — | — | — | ||||
| Equipment | $11.38M | $18.88M | $25.34M | $24.30M | ||||
| Other Services | — | — | — | — | ||||
| Total | $1.02B | $1.29B | $1.42B | $1.56B |
Priority Technology Holdings brought in $1.56B from its four product and service lines in fiscal 2024, the year ended December 31, 2024. That was up 10.5% from $1.42B in fiscal 2023. Merchant Card Fees was the largest at $1.19B (75.7%), ahead of Outsourced Services & Other Services at $260.25M (16.6%) and Money Transmission Services at $94.89M (6.1%). The remaining line, Equipment, brought in $24.30M.
Compared with fiscal 2023, Money Transmission Services grew fastest, up 42.3% to $94.89M. Every line above 2% of revenue grew. From fiscal 2021 to 2024, combined revenue from these lines grew from $1.02B to $1.56B, a compound annual growth rate of 15.4%. Merchant Card Fees' share of the total fell from 92.1% to 75.7%.
Smb was Priority Technology Holdings’s largest segment in fiscal 2024, bringing in $1.19B of $1.60B (74%).
| Segment | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| Smb | — | $1.10B | $1.13B | $1.19B | ||||
| Smb Payments | $933.64M | — | — | — | ||||
| Consumer Payments | — | — | — | — | ||||
| Enterprise | — | $143.07M | $196.28M | $260.25M | ||||
| Enterprise Payments | $38.83M | — | — | — | ||||
| B2B | — | $31.00M | $62.23M | $151.64M | ||||
| B2B Payments | $34.28M | — | — | — | ||||
| Commercial Payments | — | — | — | — | ||||
| Commercial Payments & Managed Services | — | — | — | — | ||||
| Total | $1.01B | $1.27B | $1.39B | $1.60B |
Priority Technology Holdings brought in $1.60B from its three segments in fiscal 2024, the year ended December 31, 2024. That was up 15.5% from $1.39B in fiscal 2023. Smb was the largest at $1.19B (74.3%), ahead of Enterprise at $260.25M (16.2%) and B2B at $151.64M (9.5%).
Compared with fiscal 2023, B2B grew fastest, up 143.7% to $151.64M. Every segment above 2% of revenue grew.
Priority Technology Holdings began breaking out Smb in fiscal 2022, Enterprise in fiscal 2022 and B2B in fiscal 2022. Priority Technology Holdings stopped reporting Smb Payments ($933.64M in fiscal 2021), Enterprise Payments ($38.83M in fiscal 2021) and B2B Payments ($34.28M in fiscal 2021) as separate segments.
Previously Reported was Priority Technology Holdings’s largest revenue line in fiscal 2019, bringing in $219.91M of $187.77M (117%).
| Restatement | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Previously Reported | $1.65B | $231.19M | $209.52M | $207.18M | $199.95M | $214.85M | $219.91M |
| Restatement Adjustment | -$86.87M | -$178.00K | -$24.14M | -$24.10M | -$24.66M | -$30.57M | -$32.14M |
| Total | $1.57B | $231.01M | $185.38M | $183.08M | $175.29M | $184.28M | $187.77M |
Priority Technology Holdings brought in $187.77M from its two revenue lines in fiscal 2019, the year ended September 30, 2019. That was up 1.9% from $184.28M in fiscal 2019. Previously Reported was the largest at $219.91M (117.1%).
From fiscal 2017 to 2019, combined revenue from these revenue lines fell from $1.57B to $187.77M, a compound annual decline of 65.4%. Previously Reported's share of the total rose from 105.6% to 117.1%.
The total is net of Restatement Adjustment, which took $32.14M off revenue in fiscal 2019.
Priority Technology Holdings (PRTH) reports its revenue by product and service, by segment and by restatement. In fiscal 2024, Merchant Card Fees was its largest product and service line, bringing in $1.19B (75.7% of the total), followed by Outsourced Services & Other Services at $260.25M (16.6%).
Merchant Card Fees was Priority Technology Holdings' largest product and service line in fiscal 2024, bringing in $1.19B, or 75.7% of the $1.56B total across its four product and service lines.
Smb was Priority Technology Holdings' largest segment in fiscal 2024, bringing in $1.19B, or 74.3% of the $1.60B total across its three segments.
Previously Reported was Priority Technology Holdings' largest revenue line in fiscal 2019, bringing in $219.91M, or 117.1% of the $187.77M total across its two revenue lines.
Among Priority Technology Holdings' product and service lines that make up at least 2% of revenue, Money Transmission Services grew fastest in fiscal 2024, up 42.3% from $66.67M to $94.89M.
Every figure comes from Priority Technology Holdings' annual financial filings, as reported. Each line keeps the name Priority Technology Holdings gives it, and years follow its fiscal calendar.
Priority Technology Holdings' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.