Paymentus Holdings (PAY) Operating Expenses (2020 - 2026)
Paymentus Holdings (PAY) reported Operating Expenses of $59.7 million for Q1 2026, up 18.57% on a YoY basis from $50.3 million in Q1 2025, and little changed sequentially from $59.9 million in Q4 2025.
Paymentus Holdings (PAY) Operating Expenses (2020 - 2026) Analysis & Trends
Paymentus Holdings (PAY) has 7 years of Operating Expenses data on file, last reported at $59.7 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 18.57% year-over-year to $59.7 million; the trailing twelve-month figure through Mar 2026 stood at $230.1 million (up 15.5% YoY), and the FY2025 full-year result was $220.8 million, up 14.22% from the prior year.
- Operating Expenses held at $59.7 million in Q1 2026, from $59.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $59.9 million in Q4 2025 to a low of $36.2 million in Q1 2022.
- A 5-year average of $46.5 million and a median of $44.4 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 59.62% in 2022 and grew 1.89% in 2023, its largest moves.
- Tracing PAY's Operating Expenses over 5 years: stood at $39.6 million in 2022, then increased by 1.89% to $40.4 million in 2023, then grew by 28.47% to $51.8 million in 2024, then climbed by 15.6% to $59.9 million in 2025, then declined by 0.41% to $59.7 million in 2026.
- Business Quant data shows PAY's Operating Expenses at $59.7 million in Q1 2026, $59.9 million in Q4 2025, and $55.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Paymentus Holdings | 4.29 Bn | 3.96 Bn | 86.23 Mn | 59.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 59.68 Mn |
| Dec 31, 2025 | 59.92 Mn |
| Sep 30, 2025 | 54.99 Mn |
| Jun 30, 2025 | 55.56 Mn |
| Mar 31, 2025 | 50.34 Mn |
| Dec 31, 2024 | 51.84 Mn |
| Sep 30, 2024 | 48.58 Mn |
| Jun 30, 2024 | 48.52 Mn |
| Mar 31, 2024 | 44.38 Mn |
| Dec 31, 2023 | 40.35 Mn |
| Sep 30, 2023 | 41.60 Mn |
| Jun 30, 2023 | 41.24 Mn |
| Mar 31, 2023 | 41.06 Mn |
| Dec 31, 2022 | 39.60 Mn |
| Sep 30, 2022 | 38.77 Mn |
| Jun 30, 2022 | 38.05 Mn |
| Mar 31, 2022 | 36.23 Mn |
| Dec 31, 2021 | 33.43 Mn |
| Sep 30, 2021 | 30.04 Mn |
| Jun 30, 2021 | 24.85 Mn |