Planet Payment

Planet Payment is a company that offers payment processing and multicurrency solutions for financial services institutions worldwide. Its flagship offerings include multi-currency processing services, such as Pay in Your Currency, a point-of-sale dynamic currency conversion (DCC) service, Multi-Currency Pricing primarily for card-not-present merchants and DCC at ATMs that enable merchants to offer customized pricing in multiple currencies.

Employee Rating

2.8More
StateClosed
TypeSubsidiary
Parent CompanyPlanet
HQLong Beach, US
Founded1999
Planet Payment was founded in 1999 and is headquartered in Long Beach, US

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Key People/Management at Planet Payment

Alan Lubitz

Alan Lubitz

CTO
Robert Cox

Robert Cox

President & Chief Operating Officer
Raymond DAponte

Raymond DAponte

CFO
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Planet Payment Office Locations

Planet Payment has offices in Long Beach, Alpharetta, New Castle, Wien and in 34 other locations
Long Beach, US (HQ)
670 Long Beach Blvd
Alpharetta, US
11675 Great Oaks Way #130
New Castle, US
100 Commons Blvd #200
Wien, AT
Wollzeile 1-3/stiege 2, top 4
Bruxelles, BE
Avenue Louise 523
Hamilton, BM
20 Church St
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Planet Payment Financials and Metrics

Summary Metrics

Founding Date

1999

Total Funding

$8 m

Investors

In total, Planet Payment had raised $8 m. Planet Payment is a subsidiary of Planet

Planet Payment Revenue

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View revenue for all periods
Planet Payment's revenue was reported to be $54.34 m in FY, 2016 which is a 2.9% increase from the previous period.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

43.6m46.6m47.4m52.8m54.3m

Revenue growth, %

2%11%3%

Cost of goods sold

22.0m24.3m23.9m25.8m23.2m

Gross profit

21.6m22.3m23.5m27.1m31.2m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

12.1m11.8m10.5m11.2m11.9m11.3m12.1m12.7m12.6m13.7m13.1m13.6m12.7m12.5m13.8m

Cost of goods sold

6.0m5.9m6.0m6.2m5.6m5.8m5.8m

Gross profit

6.1m5.8m4.5m4.9m6.3m5.5m6.3m

Gross profit Margin, %

51%50%43%44%53%48%52%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

6.0m6.6m9.8m14.7m13.3m

Accounts Receivable

5.6m6.0m6.9m6.4m

Prepaid Expenses

2.4m1.5m1.1m1.8m

Inventories

Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

5.2m5.3m4.7m5.7m7.3m8.7m11.3m13.5m13.0m13.8m10.5m7.4m15.6m7.3m9.8m

Accounts Receivable

5.4m5.6m6.4m5.5m6.0m5.8m7.4m5.8m6.3m6.6m5.8m6.6m7.0m6.9m7.9m

Prepaid Expenses

2.2m1.9m2.0m1.6m1.5m1.4m1.7m1.7m1.6m2.0m2.0m1.8m2.0m2.1m2.0m

Current Assets

14.5m14.9m15.9m14.8m19.1m20.4m24.0m25.3m25.2m27.4m22.8m19.7m29.8m21.8m24.1m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(4.5m)22.0k3.2m10.4m25.1m

Depreciation and Amortization

2.8m2.9m3.0m3.1m2.7m

Accounts Payable

1.7m336.4k(2.0m)1.3m(2.7m)

Cash From Operating Activities

1.6m2.5m5.2m12.2m11.2m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

371.9k676.6k(131.9k)(779.3k)730.1k1.2m1.7m3.6m3.7m1.8m3.0m5.3m1.4m3.4m7.1m

Depreciation and Amortization

735.6k1.4m2.1m746.3k1.5m2.3m725.2k1.4m2.2m609.0k1.3m2.1m553.0k1.0m1.5m

Accounts Payable

(1.6m)(1.6m)(777.2k)(1.1m)(1.3m)(2.1m)455.0k239.3k559.8k(215.3k)(3.5m)(3.1m)33.0k(1.7m)(2.4m)

Cash From Operating Activities

(76.9k)372.9k175.9k(626.9k)1.3m2.9m2.0m6.5m8.0m2.5m2.8m5.8m1.8m3.5m6.2m
USDFY, 2012

Financial Leverage

1.5 x
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Planet Payment Operating Metrics

FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Countries

23 21 21 22 23 22 22 22

Enterprise Customers

70 70 70

Merchant Locations

93 k118 k135 k178 k197 k189 k188 k177 k

Patents Issued

4 4 22
Show all operating metrics

Planet Payment Acquisitions / Subsidiaries

Company NameDateDeal Size
Branded Payment SolutionsMay 23, 2012

Planet Payment Revenue Breakdown

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Planet Payment revenue breakdown by business segment: 62.7% from Multi-currency processing services and 37.3% from Payment processing services

Planet Payment Online and Social Media Presence

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Planet Payment News and Updates

Eurazeo-backed Fintrax to buy Planet Payment

Fintrax Group, which is backed by Eurazeo, has agreed to acquire Planet Payment for $4.50 per share or $250 million, according to an announcement on FT Partners' site. FT Partners advised Planet Payment on the transaction. Based in New York, Planet Payment is a provider of international and multi-cu…

Planet Payment Frequently Asked Questions

  • When was Planet Payment founded?

    Planet Payment was founded in 1999.

  • Who are Planet Payment key executives?

    Planet Payment's key executives are Alan Lubitz, Robert Cox and Raymond DAponte.

  • How many employees does Planet Payment have?

    Planet Payment has 163 employees.

  • What is Planet Payment revenue?

    Latest Planet Payment annual revenue is $54.3 m.

  • What is Planet Payment revenue per employee?

    Latest Planet Payment revenue per employee is $333.4 k.

  • Who are Planet Payment competitors?

    Competitors of Planet Payment include Famoco, Tipalti and Nethris.

  • Where is Planet Payment headquarters?

    Planet Payment headquarters is located at 670 Long Beach Blvd, Long Beach.

  • Where are Planet Payment offices?

    Planet Payment has offices in Long Beach, Alpharetta, New Castle, Wien and in 34 other locations.

  • How many offices does Planet Payment have?

    Planet Payment has 40 offices.