Paymentus Holdings (PAY) Cost of Revenue (2020 - 2026)
Paymentus Holdings' Cost of Revenue was $266.43 million in Q2 2026, up 27.7% from $208.6 million a year earlier but down 2.1% from the prior quarter.
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Analysis
Paymentus Holdings (PAY) Cost of Revenue (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Paymentus Holdings' Cost of Revenue was $1.02 billion through Jun 30, 2026, up 30.8% year-over-year; for FY2025, it came in at $900.17 million, up 42.1% from FY2024.
- Cost of Revenue has now increased for six consecutive years, with a five-year compound annual growth rate of 33.9% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $633.58 million in FY2024 (+46.6%), $432.15 million in FY2023 (+24.4%), $347.32 million in FY2022 (+26.7%) and $274.14 million in FY2021 (+31.1%).
- Quarterly Cost of Revenue has moved between $70.51 million (Q3 2021) and $272.21 million (Q1 2026) over five years.
- Compared with a year earlier, Cost of Revenue has increased for 21 straight quarters, with growth averaging 45.2% over the last eight quarters.
- Over the past five years, the year-over-year growth in Cost of Revenue ranged from 16.9% (Q3 2023) to 66.4% (Q4 2024).
- Per Business Quant data, PAY's Cost of Revenue in the three quarters before Q2 2026 was $272.21 million (Q1 2026), $246.47 million (Q4 2025) and $235.89 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | - |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | - |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 3.45 Bn |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | 33.34 Mn |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | - |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 2.40 Bn |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 1.29 Bn |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | 5.73 Mn |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 141.41 Mn |
| 10 | Paymentus Holdings | 3.88 Bn | 2.55 Bn | 94.31 Mn | 266.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 266.43 Mn |
| Mar 31, 2026 | 272.21 Mn |
| Dec 31, 2025 | 246.47 Mn |
| Sep 30, 2025 | 235.89 Mn |
| Jun 30, 2025 | 208.60 Mn |
| Mar 31, 2025 | 209.21 Mn |
| Dec 31, 2024 | 191.85 Mn |
| Sep 30, 2024 | 170.91 Mn |
| Jun 30, 2024 | 138.67 Mn |
| Mar 31, 2024 | 132.15 Mn |
| Dec 31, 2023 | 115.31 Mn |
| Sep 30, 2023 | 105.51 Mn |
| Jun 30, 2023 | 103.08 Mn |
| Mar 31, 2023 | 108.25 Mn |
| Dec 31, 2022 | 91.04 Mn |
| Sep 30, 2022 | 90.30 Mn |
| Jun 30, 2022 | 84.14 Mn |
| Mar 31, 2022 | 81.85 Mn |
| Dec 31, 2021 | 74.39 Mn |
| Sep 30, 2021 | 70.51 Mn |
API Access
Paymentus Holdings Cost of Revenue 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=cost-of-revenue&ticker=PAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "PAY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();