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Total Managed Payments
Total dollar value of payments processed through Phreesia’s managed payment platform, indicating the scale and adoption of its payments business. Growth here can drive fee revenue, deepen customer relationships, and increase platform stickiness; weak growth limits that upside.Total managed payments surged in Q1 largely due to the Access One acquisition, driving a step-change in Payment Solutions volume and supporting the reported 2.3% payment revenue rate; the company purposely expanded securitization capacity and drew on a new revolver to fund that growth. This is strategic but partly non‑organic—monitor organic payment flows, integration execution, and any pressure on margins or leverage, because sustained upside will depend on converting acquisition gains into repeatable, organic payment volume rather than one‑off funding arbitrage.
Date | Total Managed Payments |
|---|---|
Mar 31, 2026 | $1.79B |
Dec 31, 2025 | $1.56B |