Priority Technology Holdings Delivers Strong Q1 2026 Performance, Driven by Diverse Segment Growth
Priority Technology Holdings, a leading provider of unified commerce platforms and elegant product solutions, has reported impressive first-quarter results for 2026. The company's strong growth in both revenue and profits sets the stage for a promising year ahead.
In its Q1 earnings call transcript released on May 11, 2026, Priority Technology Holdings highlighted key financial metrics that demonstrated the company's solid performance. Net revenue grew by 11% year-over-year to $249.6 million, while adjusted gross profit and adjusted EBITDA increased by 13% each, reaching $98.8 million and $58.1 million, respectively. Adjusted EPS also saw a notable increase of 27% to $0.28.
A key highlight from the quarter was the significant growth in customer accounts operating on Priority's commerce platform, which rose to 1.8 million by the end of Q1 2026. This represents an increase of 50,000 accounts from the previous year. Furthermore, annual transaction volume reached $153 billion, a substantial rise from the $150 billion seen at the end of 2025.
CEO Tom Priore emphasized that the value Priority's diverse partners and customers place in its unified commerce platform and product solutions has contributed to sustained momentum across merchant solutions, Payables, and treasury solution segments. This confidence is evident in the continued growth and profitability of these segments.
The company's adjusted gross profit margin also showed a notable improvement, increasing by 70 basis points from the prior year's first quarter to 39.6%. This reflects the ongoing success of Priority's high-margin Payables and treasury solution segments, combined with the accretive impact of acquisitions completed in the second half of 2025.
Priory also took the opportunity to highlight Priority's vision for connected commerce through its purpose-built commerce platform. This platform enables customers to collect, store, lend, and send money efficiently, providing a flexible financial tool set for merchant acquiring, Payables, and treasury solutions designed to accelerate cash flow and optimize working capital for businesses.
The Q1 performance demonstrates Priority Technology Holdings' continued growth and strength in the unified commerce market. With its solid financial metrics and expanding customer base, the company is well-positioned for further success in 2026.
