AvidXchange (AVDX) Revenue & Revenue Breakdown
AvidXchange Revenue Highlights
Latest Revenue (Y)
$438.94M
Latest Revenue (Q)
$112.77B
Main Segment (Y)
Payment
AvidXchange Revenue by Period
AvidXchange Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2024-12-31 | $438.94M | 15.29% |
| 2023-12-31 | $380.72M | 20.35% |
| 2022-12-31 | $316.35M | 27.35% |
| 2021-12-31 | $248.41M | 33.61% |
| 2020-12-31 | $185.93M | 24.30% |
| 2019-12-31 | $149.58M | - |
AvidXchange generated $438.94M in revenue during NA 2024, up 15.29% compared to the previous quarter, and up 293.44% compared to the same period a year ago.
AvidXchange Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-09-30 | $112.77B | 107167.05% |
| 2024-06-30 | $105.13M | -0.44% |
| 2024-03-31 | $105.60M | 1.47% |
| 2023-12-31 | $104.06M | 5.46% |
| 2023-09-30 | $98.68M | 8.26% |
| 2023-06-30 | $91.15M | 4.99% |
| 2023-03-31 | $86.82M | 0.75% |
| 2022-12-31 | $86.17M | 4.57% |
| 2022-09-30 | $82.41M | 7.64% |
| 2022-06-30 | $76.56M | 7.52% |
| 2022-03-31 | $71.20M | 2.80% |
| 2021-12-31 | $69.27M | 6.27% |
| 2021-09-30 | $65.18M | 10.93% |
| 2021-06-30 | $58.75M | 6.41% |
| 2021-03-31 | $55.21M | 4.45% |
| 2020-12-31 | $52.86M | 11.06% |
| 2020-09-30 | $47.60M | 12.22% |
| 2020-06-30 | $42.42M | -1.47% |
| 2020-03-31 | $43.05M | - |
AvidXchange generated $112.77B in revenue during Q3 2024, up 107167.05% compared to the previous quarter, and up 123715.91% compared to the same period a year ago.
AvidXchange Revenue Breakdown
AvidXchange Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|
| Software | $121.18M | $112.18M | $99.54M | $87.89M |
| Payment | $313.46M | $265.11M | $213.84M | $157.93M |
| Services | $4.30M | $3.42M | $2.97M | $2.59M |
Latest
AvidXchange's latest annual revenue breakdown by segment (product or service), as of Dec 24: Payment (71.41%), Software (27.61%), and Services (0.98%).
Quarterly Revenue by Product
| Product/Service | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Services | $1.15M | $1.41M | $1.03M | $708.00K | $797.00K | $1.28M | $678.00K | $673.00K | $638.00K | $727.00K | $778.00K | $824.00K | $659.00K | $658.00K |
| Payment | $83.37M | $80.70M | $74.18M | $75.20M | $74.22M | $68.48M | $63.23M | $59.18M | $59.15M | $56.65M | $51.58M | $46.47M | $45.14M | $42.17M |
| Software | $30.91M | $30.66M | $29.91M | $29.69M | $29.05M | $28.92M | $27.25M | $26.97M | $26.39M | $25.04M | $24.20M | $23.91M | $23.47M | $22.34M |
Latest
AvidXchange's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Payment (72.22%), Software (26.78%), and Services (1.00%).
AvidXchange Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EVTC | EVERTEC | $845.49B | $628.67B |
| CSGS | CSG Systems | $1.20B | $295.14M |
| NTCT | NetScout Systems | $829.46M | $252.02M |
| EVCM | EverCommerce | $698.76M | $176.26M |
| FLYW | Flywire | $492.14M | $156.81M |
| AVDX | AvidXchange | $438.94M | $112.77B |
| SCWX | SecureWorks | $365.88M | $82.73M |
| CCSI | Consensus Cloud Solutions | $350.38M | $87.75M |
| RDWR | Radware | $261.29M | $65.08M |
| IIIV | i3 Verticals | $229.92M | $61.69M |
| BASE | Couchbase | $209.47M | $51.63M |