Paymentus Holdings (PAY) Cost of Revenue (2020 - 2026)
Paymentus Holdings (PAY) posted Cost of Revenue of $272.2 million for Q1 2026, up 10.44% sequentially from $246.5 million in Q4 2025, and up 30.11% YoY from $209.2 million in Q1 2025.
Paymentus Holdings (PAY) Cost of Revenue (2020 - 2026) Analysis & Trends
Paymentus Holdings has reported Cost of Revenue for 7 years, with the latest figure at $272.2 million in Q1 2026.
- Quarterly Cost of Revenue rose 30.11% year-over-year to $272.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $963.2 million (up 35.54% YoY) and the FY2025 annual result came in at $900.2 million, up 42.08% from the prior year.
- Cost of Revenue grew to $272.2 million in Q1 2026 per PAY's latest filing, from $246.5 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $272.2 million in Q1 2026 and troughed at $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.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue rose 16.85% in 2023, then soared 66.38% in 2024.
- Over 5 years, Cost of Revenue stood at $91.0 million in 2022, then advanced by 26.66% to $115.3 million in 2023, then jumped by 66.38% to $191.8 million in 2024, then rose by 28.47% to $246.5 million in 2025, then gained by 10.44% to $272.2 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $272.2 million, $246.5 million, and $235.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Paymentus Holdings | 4.84 Bn | 4.47 Bn | 94.31 Mn | 266.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 266.43 Mn |
| Jun 30, 2026 | 266.43 Mn |
| 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 |