AvidXchange (AVDX) Revenue & Revenue Breakdown
AvidXchange Revenue Highlights
Latest Revenue (Y)
$380.72M
Latest Revenue (Q)
$112.77B
Main Segment (Y)
Payment
AvidXchange Revenue by Period
AvidXchange Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 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 $380.72M in revenue during NA 2023, up 20.35% compared to the previous quarter, and up 0.00% 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 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Payment | $265.11M | $213.84M | $157.93M |
| Software | $112.18M | $99.54M | $87.89M |
| Services | $3.42M | $2.97M | $2.59M |
Latest
AvidXchange's latest annual revenue breakdown by segment (product or service), as of Dec 23: Payment (69.63%), Software (29.47%), and Services (0.90%).
Quarterly Revenue by Product
| Product/Service | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Software | $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 |
| Payment | $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 |
| Services | $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 |
Latest
AvidXchange's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Payment (71.56%), Software (27.19%), and Services (1.25%).
AvidXchange Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EVTC | EVERTEC | $694.71B | $628.67B |
| FLYW | Flywire | $403.09B | $156.81M |
| CSGS | CSG Systems | $1.17B | $295.14M |
| NTCT | NetScout Systems | $829.46M | $191.11M |
| EVCM | EverCommerce | $675.37M | $176.26M |
| AVDX | AvidXchange | $380.72M | $112.77B |
| SCWX | SecureWorks | $365.88M | $82.73M |
| CCSI | Consensus Cloud Solutions | $362.56M | $87.75M |
| RDWR | Radware | $261.29M | $65.08M |
| IIIV | i3 Verticals | $229.92M | $56.04M |
| BASE | Couchbase | $180.04M | $51.63M |