Grid Dynamics Holdings (GDYN) Payables (2018 - 2026)
Grid Dynamics Holdings (GDYN) reported Payables of $5.15 million for Q2 2026, down 18.2% from $6.3 million a year earlier but up 19.0% from the prior quarter.
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Analysis
Grid Dynamics Holdings (GDYN) Payables (2018 - 2026) Analysis & Trends
At the end of FY2025, Grid Dynamics Holdings posted Payables of $3.7 million, down 9.1% from FY2024.
- Payables has a five-year compound annual growth rate of 37.3% (FY2020 to FY2025).
- By year, Payables came in at $4.07 million in FY2024 (+12.4%), $3.62 million in FY2023 (-7.1%), $3.9 million in FY2022 (+89.8%) and $2.05 million in FY2021 (+171.2%).
- Five-year quarterly Payables spans a low of $1.77 million in Q3 2021 and a high of $6.3 million in Q2 2025.
- Year over year, Payables has now declined in each of the last three quarters, with growth averaging 26.6% over the last eight quarters.
- The high point for year-over-year Payables in five years was Q3 2021 (growth of 242.1%); the low point was Q2 2024 (a decline of 47.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $4.33 million (Q1 2026), $3.7 million (Q4 2025) and $5.57 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 42.66 Bn | 42.72 Bn | 1.60 Bn | 463.39 Mn |
| 2 | Cognizant Technology Solutions | 25.65 Bn | 18.82 Bn | 1.83 Bn | 390.00 Mn |
| 3 | Td Synnex | 20.51 Bn | 14.54 Bn | 1.34 Bn | 21.18 Bn |
| 4 | Cdw | 16.33 Bn | 14.32 Bn | 1.32 Bn | 5.12 Bn |
| 5 | Cgi | 15.07 Bn | 12.85 Bn | - | 809.53 Mn |
| 6 | Arrow Electronics | 11.72 Bn | 10.75 Bn | 1.13 Bn | 27.11 Bn |
| 7 | Avnet | 8.33 Bn | 7.51 Bn | 865.03 Mn | 6.05 Bn |
| 8 | Ingram Micro Holding | 6.23 Bn | 1.84 Bn | 958.68 Mn | 11.80 Bn |
| 9 | EPAM Systems | 5.55 Bn | 1.19 Bn | 429.57 Mn | 41.55 Mn |
| 10 | Grid Dynamics Holdings | 615.35 Mn | -691.16 Mn | 39.62 Mn | 5.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.15 Mn |
| Mar 31, 2026 | 4.33 Mn |
| Dec 31, 2025 | 3.70 Mn |
| Sep 30, 2025 | 5.57 Mn |
| Jun 30, 2025 | 6.30 Mn |
| Mar 31, 2025 | 4.67 Mn |
| Dec 31, 2024 | 4.07 Mn |
| Sep 30, 2024 | 3.72 Mn |
| Jun 30, 2024 | 2.79 Mn |
| Mar 31, 2024 | 2.94 Mn |
| Dec 31, 2023 | 3.62 Mn |
| Sep 30, 2023 | 3.72 Mn |
| Jun 30, 2023 | 5.30 Mn |
| Mar 31, 2023 | 3.21 Mn |
| Dec 31, 2022 | 3.90 Mn |
| Sep 30, 2022 | 4.48 Mn |
| Jun 30, 2022 | 3.39 Mn |
| Mar 31, 2022 | 2.21 Mn |
| Dec 31, 2021 | 2.05 Mn |
| Sep 30, 2021 | 1.77 Mn |
API Access
Grid Dynamics Holdings Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payables&ticker=GDYN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "ticker": "GDYN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payables&ticker=GDYN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();