Priority Technology Holdings, Inc. operates as a payment technology firm primarily within the United States. Its operations are organized into three distinct ...
Priority Technology Holdings, Inc. is a payment technology firm operating primarily in the United States, headquartered in Alpharetta, Georgia. Founded in 2005, the company has grown into a nearly $1 billion enterprise, processing over $39 billion in electronic transactions annually. Its operations are organized into three divisions: payments for small and medium-sized businesses (SMB), business-to-business (B2B) transactions, and enterprise-level payment solutions. The company offers the MX product suite, including MX Connect and MX Merchant tools such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B, and ACH.com, which provide flexible business applications to manage critical functions and enhance revenue through core payment processing. Additionally, CPX streamlines accounts payable with virtual cards, purchase cards, advanced ACH, dynamic discounting, and traditional checks. Priority also provides managed services and integrated accounts payable automation to financial institutions and card networks. For enterprise clients, it delivers embedded payment and banking solutions, modernizing legacy systems and helping software partners monetize payment services. The company serves SMBs, large enterprises, and distribution partners like independent sales organizations, financial institutions, and independent software vendors. As of the latest data, Priority has approximately 1,186 full-time employees. Financially, the company shows a market cap of about $443.9 million, revenue per share of $12.27, and a price-to-earnings ratio of 7.8 in the trailing twelve months. With a gross profit margin of 39.4% and an EBITDA margin of 30.5%, it demonstrates solid operational performance. Key leadership includes CEO Thomas (Tom) Priore, who co-founded the company in 2005 and has guided its growth to become the fifth largest non-bank merchant acquirer in the U.S. by volume. The company is publicly traded on NASDAQ under the symbol PRTH, with an IPO date of December 6, 2016.
