UiPath (PATH) Operating Expenses (2020 - 2026)
UiPath's (PATH) quarterly Operating Expenses came in at $313.5 million in Q2 2026, up 1.39% on a YoY basis from $309.2 million in Q2 2025, and down 4.11% quarter-over-quarter from $326.9 million in Q1 2026.
Analysis
UiPath (PATH) Operating Expenses (2020 - 2026) Analysis & Trends
UiPath (PATH) has reported Operating Expenses for 7 consecutive years, with $313.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 1.39% year-over-year to $313.5 million; the trailing twelve-month figure through Apr 2026 stood at $1.3 billion (down 2.88% YoY), and the FY2026 full-year result was $1.3 billion, down 4.64% from the prior year.
- Operating Expenses slipped to $313.5 million in Q2 2026 per PATH's latest filing, from $326.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $356.3 million in Q3 2024 and bottomed at $287.0 million in Q4 2022.
- Historically, Operating Expenses has averaged $319.1 million across 5 years, with a median of $317.7 million in 2022.
- The widest YoY moves for Operating Expenses: up 72.92% in 2022, down 15.33% in 2022.
- Over 5 years, Operating Expenses stood at $287.0 million in 2022, then increased by 15.63% to $331.8 million in 2023, then gained by 0.73% to $334.3 million in 2024, then slipped by 1.5% to $329.2 million in 2025, then decreased by 4.79% to $313.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $313.5 million, $326.9 million, and $329.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | ServiceNow | 139.08 Bn | 134.41 Bn | 2.82 Bn | 2.66 Bn |
| 2 | Broadridge Financial Solutions | 19.52 Bn | 19.11 Bn | 853.00 Mn | 1.67 Bn |
| 3 | SS&C Technologies Holdings | 19.23 Bn | 18.79 Bn | 818.30 Mn | 401.20 Mn |
| 4 | UiPath | 7.43 Bn | 6.12 Bn | 341.45 Mn | 313.47 Mn |
| 5 | Pegasystems | 5.85 Bn | 5.85 Bn | 312.69 Mn | 296.05 Mn |
| 6 | Appian | 2.58 Bn | 2.41 Bn | 144.74 Mn | 150.18 Mn |
| 7 | Materialise | 447.14 Mn | 447.14 Mn | 46.23 Mn | -26.21 Mn |
| 8 | Jingbo Technology | 366.51 Mn | 366.12 Mn | 89,520.00 | 687,207.00 |
| 9 | Gloo Holdings | 257.70 Mn | 224.45 Mn | 13.43 Mn | 60.27 Mn |
| 10 | Egain | 145.47 Mn | 62.41 Mn | 16.81 Mn | 14.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Jul 31, 2021 | 257.75 Mn |