EverCommerce Inc. (EVCM) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.054 profitable and safety of customers, with an NRR of greater than 100%. 00:00:05.457 -- 00:00:10.263 Year-over-year, our payments revenue grew 6% and accounted for approximately 21% of overall 00:00:10.263 -- 00:00:15.729 revenue. As a reminder, we report our payments revenue on a net basis, and therefore, 00:00:15.729 -- 00:00:19.914 it incrementally contributes approximately 95% gross margin. 00:00:19.914 -- 00:00:23.898 As such, payments revenue growth is meaningful contributed to our overall adjusted EBITDA 00:00:23.898 -- 00:00:26.170 margin expansion. 00:00:26.170 -- 00:00:30.716 As I mentioned in my introductory comments, third quarter estimated annualized total 00:00:30.716 -- 00:00:35.804 payments volume, or TPV, was approximately $13 billion, representing nearly 00:00:35.804 -- 00:00:40.811 5.2% year-over-year growth. Within this, we continue to see higher TPV growth in 00:00:40.811 -- 00:00:45.578 our top solutions, offset by lower growth in legacy payment products and third-party 00:00:45.578 -- 00:00:50.645 partners. This can be a positive mid-shift over time as our top solutions often have 00:00:50.645 -- 00:00:53.103 higher take rates. 00:00:53.103 -- 00:00:57.467 In mid-September, we announced the acquisition of ZyroTalk, an AI-powered customer engagement 00:00:57.467 -- 00:01:02.832 solution that combines virtual assistant capabilities with an agentic automation platform. 00:01:02.832 -- 00:01:07.196 The acquisition helps to establish EverCommerce's position as an AI-driven innovator, 00:01:07.196 -- 00:01:10.679 beginning with the intended near-term application in our home and field service vertical, 00:01:10.679 -- 00:01:16.204 EverPro, that we plan to extend into broader opportunities across the company. 00:01:16....