Paymentus Holdings (PAY) Research & Development (2020 - 2026)
Paymentus Holdings (PAY) reported Research & Development of $30.2 million for Q1 2026, up 15.96% on a YoY basis from $26.1 million in Q1 2025, and up 89.73% sequentially from $15.9 million in Q4 2025.
Paymentus Holdings (PAY) Research & Development (2020 - 2026) Analysis & Trends
Paymentus Holdings (PAY) has 7 years of Research & Development data on file, last reported at $30.2 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 15.96% year-over-year to $30.2 million; the trailing twelve-month figure through Mar 2026 stood at $76.6 million (down 19.05% YoY), and the FY2025 full-year result was $61.5 million, down 41.48% from the prior year.
- Research & Development improved to $30.2 million in Q1 2026, from $15.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $50.4 million in Q4 2023 to a low of $10.2 million in Q2 2022.
- A 5-year average of $19.7 million and a median of $15.9 million in 2025 frame the typical range for Research & Development.
- Across the five-year window, Research & Development jumped 149.44% in 2023 and plunged 44.32% in 2025, its largest moves.
- Tracing PAY's Research & Development over 5 years: stood at $20.2 million in 2022, then surged by 149.44% to $50.4 million in 2023, then slumped by 43.26% to $28.6 million in 2024, then plunged by 44.32% to $15.9 million in 2025, then jumped by 89.73% to $30.2 million in 2026.
- Business Quant data shows PAY's Research & Development at $30.2 million in Q1 2026, $15.9 million in Q4 2025, and $15.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 6.81 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | - |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 4.01 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 160.98 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 823.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 802.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 636.30 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 271.60 Mn |
| 10 | Paymentus Holdings | 4.29 Bn | 3.96 Bn | 86.23 Mn | 30.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.21 Mn |
| Dec 31, 2025 | 15.92 Mn |
| Sep 30, 2025 | 15.22 Mn |
| Jun 30, 2025 | 15.23 Mn |
| Mar 31, 2025 | 26.05 Mn |
| Dec 31, 2024 | 28.60 Mn |
| Sep 30, 2024 | 13.19 Mn |
| Jun 30, 2024 | 26.77 Mn |
| Mar 31, 2024 | 12.05 Mn |
| Dec 31, 2023 | 50.40 Mn |
| Sep 30, 2023 | 21.48 Mn |
| Jun 30, 2023 | 10.91 Mn |
| Mar 31, 2023 | 11.65 Mn |
| Dec 31, 2022 | 20.21 Mn |
| Sep 30, 2022 | 10.35 Mn |
| Jun 30, 2022 | 10.19 Mn |
| Mar 31, 2022 | 16.19 Mn |
| Dec 31, 2021 | 19.45 Mn |
| Sep 30, 2021 | 11.31 Mn |
| Jun 30, 2021 | 7.92 Mn |