Paymentus Holdings (PAY) Cost of Revenue (2020 - 2026)
Paymentus Holdings (PAY) reported Cost of Revenue of $272.2 million for Q1 2026, up 30.11% on a YoY basis from $209.2 million in Q1 2025, and up 10.44% sequentially from $246.5 million in Q4 2025.
Paymentus Holdings (PAY) Cost of Revenue (2020 - 2026) Analysis & Trends
Paymentus Holdings (PAY) has 7 years of Cost of Revenue data on file, last reported at $272.2 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 30.11% year-over-year to $272.2 million; the trailing twelve-month figure through Mar 2026 stood at $963.2 million (up 35.54% YoY), and the FY2025 full-year result was $900.2 million, up 42.08% from the prior year.
- Cost of Revenue grew to $272.2 million in Q1 2026, from $246.5 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $272.2 million in Q1 2026 to a low of $81.8 million in Q1 2022.
- A 5-year average of $152.1 million and a median of $132.2 million in 2024 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue grew 16.85% in 2023 and jumped 66.38% in 2024, its largest moves.
- Tracing PAY's Cost of Revenue over 5 years: stood at $91.0 million in 2022, then increased by 26.66% to $115.3 million in 2023, then jumped by 66.38% to $191.8 million in 2024, then climbed by 28.47% to $246.5 million in 2025, then grew by 10.44% to $272.2 million in 2026.
- Business Quant data shows PAY's Cost of Revenue at $272.2 million in Q1 2026, $246.5 million in Q4 2025, and $235.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 26.83 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 71.28 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | - |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 215.80 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 685.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 311.70 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 364.50 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 184.16 Mn |
| 10 | Paymentus Holdings | 4.29 Bn | 3.96 Bn | 86.23 Mn | 272.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 272.21 Mn |
| Mar 31, 2026 | 272.21 Mn |
| Dec 31, 2025 | 246.47 Mn |
| Dec 31, 2025 | 246.47 Mn |
| Sep 30, 2025 | 235.89 Mn |
| Sep 30, 2025 | 235.89 Mn |
| Jun 30, 2025 | 208.60 Mn |
| Jun 30, 2025 | 208.60 Mn |
| Mar 31, 2025 | 209.21 Mn |
| Mar 31, 2025 | 209.21 Mn |
| Dec 31, 2024 | 191.85 Mn |
| Dec 31, 2024 | 191.85 Mn |
| Sep 30, 2024 | 170.91 Mn |
| Sep 30, 2024 | 170.91 Mn |
| Jun 30, 2024 | 138.67 Mn |
| Jun 30, 2024 | 138.67 Mn |
| Mar 31, 2024 | 132.15 Mn |
| Mar 31, 2024 | 132.15 Mn |
| Dec 31, 2023 | 115.31 Mn |
| Dec 31, 2023 | 115.31 Mn |