Paymentus Holdings (PAY) Cost of Revenue (2020 - 2026)
Paymentus Holdings (PAY) posted Cost of Revenue of $30.2 million for Q1 2026, down 96.31% sequentially from $819.0 million in Q4 2025, and down 85.56% YoY from $209.2 million in Q1 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 $30.2 million in Q1 2026.
- Quarterly Cost of Revenue fell 85.56% year-over-year to $30.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 494.86% YoY) and the FY2025 annual result came in at $900.2 million, up 756.88% from the prior year.
- Cost of Revenue retreated to $30.2 million in Q1 2026 per PAY's latest filing, from $819.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $819.0 million in Q4 2025, with the low at -$336.7 million in Q4 2024.
- Average Cost of Revenue over 5 years is $97.4 million, with a median of $25.5 million recorded in 2025.
- The widest YoY moves for Cost of Revenue: up 895.5% in 2022, down 345.99% in 2022.
- Paymentus Holdings' Cost of Revenue stood at -$183.0 million in 2022, then jumped by 301.54% to $368.8 million in 2023, then sank by 191.29% to -$336.7 million in 2024, then surged by 343.27% to $819.0 million in 2025, then plunged by 96.31% to $30.2 million in 2026.
- Business Quant data shows PAY's Cost of Revenue at $30.2 million in Q1 2026, $819.0 million in Q4 2025, and $25.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 6.81 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 2.07 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 215.80 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 823.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 463.58 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 636.30 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 184.16 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 396.38 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.15 Bn |
| 10 | Paymentus Holdings | 152,220.01 | -338.63 Mn | 86.23 Mn | 30.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.21 Mn |
| Mar 31, 2026 | 30.21 Mn |
| Dec 31, 2025 | 819.03 Mn |
| Dec 31, 2025 | 819.03 Mn |
| Sep 30, 2025 | 25.48 Mn |
| Sep 30, 2025 | 25.48 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 | -336.68 Mn |
| Dec 31, 2024 | -336.68 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 | 23.24 Mn |
| Mar 31, 2024 | 23.24 Mn |
| Dec 31, 2023 | 368.80 Mn |
| Dec 31, 2023 | 368.80 Mn |