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
DateValue
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