UiPath PATH
NYSE PATH
$12.32 +0.14 (+1.11%)
As of: Sep 29, 2026 · 3:59 PM EDT

UiPath (PATH) Operating Expenses (2020 - 2026)

Updated

UiPath (PATH) posted Operating Expenses of $298.07 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), down 6.1% from $317.53 million a year earlier and down 4.9% from the prior quarter.

Analysis

UiPath (PATH) Operating Expenses (2020 - 2026) Analysis & Trends

For the trailing twelve months through Jul 31, 2026, Operating Expenses at UiPath was $1.27 billion, down 1.5% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $1.28 billion, down 4.6% from FY2025.

  • Annual Operating Expenses shows a five-year compound annual growth rate of 14.5% (FY2021 to FY2026).
  • In prior fiscal years, UiPath's Operating Expenses was $1.35 billion in FY2025 (+5.4%), $1.28 billion in FY2024 (+4.1%), $1.23 billion in FY2023 (+0.2%) and $1.22 billion in FY2022 (+87.7%).
  • The fiscal Q2 2027 figure stands as the lowest quarterly Operating Expenses since fiscal Q1 2024.
  • On a year-over-year basis, Operating Expenses increased in three of the last eight quarters, with an average decline of 3.2%.
  • The strongest year-over-year quarter for Operating Expenses in the past five years was fiscal Q4 2022, with growth of 72.9%; the weakest was fiscal Q1 2023, with a decline of 15.3%.
  • According to Business Quant data, Operating Expenses for the three prior fiscal quarters was $313.47 million (Q1 2027), $326.89 million (Q4 2026) and $329.23 million (Q3 2026).
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Palantir Technologies 450.50 Bn 419.56 Bn 1.64 Bn 726.59 Mn
2 Oracle 401.01 Bn 273.57 Bn - 12.62 Bn
3 Sap Se 257.03 Bn 178.11 Bn 8.40 Bn -8.41 Bn
4 Salesforce 187.04 Bn 142.92 Bn 8.70 Bn 6.37 Bn
5 ServiceNow 135.91 Bn 114.37 Bn 2.82 Bn 2.66 Bn
6 Automatic Data Processing 104.14 Bn 86.27 Bn 2.51 Bn 4.34 Bn
7 Intuit 72.30 Bn 51.65 Bn 3.44 Bn 3.88 Bn
8 Relx 60.17 Bn 57.14 Bn - -
9 Strategy 55.31 Bn 48.30 Bn 81.55 Mn 8.41 Bn
10 UiPath 5.58 Bn 114.07 Mn 329.67 Mn 298.07 Mn
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 298.07 Mn
Apr 30, 2026 313.47 Mn
Jan 31, 2026 326.89 Mn
Oct 31, 2025 329.23 Mn
Jul 31, 2025 317.53 Mn
Apr 30, 2025 309.18 Mn
Jan 31, 2025 325.50 Mn
Oct 31, 2024 334.25 Mn
Jul 31, 2024 356.28 Mn
Apr 30, 2024 329.25 Mn
Jan 31, 2024 336.81 Mn
Oct 31, 2023 331.82 Mn
Jul 31, 2023 315.91 Mn
Apr 30, 2023 292.33 Mn
Jan 31, 2023 306.01 Mn
Oct 31, 2022 286.97 Mn
Jul 31, 2022 317.84 Mn
Apr 30, 2022 316.00 Mn
Jan 31, 2022 299.41 Mn
Oct 31, 2021 293.96 Mn
API Access

UiPath Operating Expenses 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=operating-expenses&ticker=PATH&period=max&api_key=YOUR_API_KEY