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Planet Payment provides international payment and transaction processing, and multi-currency processing services in the Asia Pacific region, the Americas, the Middle East, Africa, and Europe. The Company offers payment processing services that enable the authorization and settlement of payment transactions by providing the connections between the merchant, its bank, and the card association. 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.

TypePublic
Founded1999
HQLong Beach, US
Websiteplanetpayment.com
Employee Ratings2.8

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Latest Updates

Employees (est.) (Sep 2017)163
Revenue (FY, 2016)$54.3 M(+3%)

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, New Castle, Alpharetta, Dubai and in 9 other locations
Long Beach, US (HQ)
670 Long Beach Blvd
Alpharetta, US
11675 Great Oaks Way #130
New Castle, US
100 Commons Blvd #200
Hamilton, BM
20 Church St
Toronto, CA
#200 140 Yonge St
Haidian, CN
A1737 18 Xizhimenwai Street
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Planet Payment Financials and Metrics

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.
USD

Revenue (Q3, 2017)

13.8m

Gross profit (Q3, 2017)

8.4m

Gross profit margin (Q3, 2017), %

60.9%

Net income (Q3, 2017)

3.7m

EBIT (Q3, 2017)

3.8m

Market capitalization (13-Dec-2017)

230.7m

Cash (30-Sep-2017)

9.8m
Planet Payment's current market capitalization is $230.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

46.6m47.4m52.8m54.3m

Revenue growth, %

2%11%3%

Cost of goods sold

24.3m23.9m25.8m23.2m

Gross profit

22.3m23.5m27.1m31.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

10.5m11.9m11.3m12.1m12.7m12.6m13.7m13.1m13.6m12.7m12.5m13.8m

Cost of goods sold

6.0m5.6m5.8m5.8m6.0m6.5m6.2m6.3m5.7m5.3m5.3m5.4m

Gross profit

4.5m6.3m5.5m6.3m6.7m6.2m7.5m6.8m8.0m7.4m7.2m8.4m

Gross profit Margin, %

43%53%48%52%53%49%55%52%58%58%58%61%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

6.6m9.8m14.7m13.3m

Current Assets

17.5m22.1m27.9m26.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

4.7m5.7m7.3m8.7m11.3m13.5m13.0m13.8m10.5m7.4m15.6m7.3m9.8m

Current Assets

15.9m14.8m19.1m20.4m24.0m25.3m25.2m27.4m22.8m19.7m29.8m21.8m24.1m

PP&E

2.1m2.2m2.3m2.3m2.2m2.1m2.0m1.8m1.6m1.3m1.6m1.6m1.7m

Goodwill

355.7k361.7k359.0k333.6k285.3k291.8k295.7k298.7k292.0k294.8k280.9k300.4k310.7k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

22.0k3.2m10.4m25.1m

Depreciation and Amortization

2.9m3.0m3.1m2.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

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

Depreciation and Amortization

2.1m746.3k1.5m2.3m1.4m2.2m609.0k1.3m2.1m553.0k1.0m1.5m

Accounts Payable

408.5k474.7k378.1k323.6k

Cash From Operating Activities

175.9k(626.9k)1.3m2.9m6.5m8.0m2.5m2.8m5.8m1.8m3.5m6.2m
USDY, 2017

Revenue/Employee

84.7k

Financial Leverage

1.2 x
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Planet Payment Operating Metrics

Planet Payment's Enterprise Customers was reported to be 70 in FY, 2016.
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
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Planet Payment Acquisitions / Subsidiaries

Acquired CompanyDateDeal 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, New Castle, Alpharetta, Dubai and in 9 other locations.

  • How many offices does Planet Payment have?

    Planet Payment has 13 offices.