Paymentus Holdings (PAY) Research & Development (2020 - 2026)
Paymentus Holdings' Research & Development was $15.32 million in Q2 2026, up 0.6% from $15.23 million a year earlier but down 6.2% from the prior quarter.
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Analysis
Paymentus Holdings (PAY) Research & Development (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Paymentus Holdings' Research & Development was $62.79 million through Jun 30, 2026, up 10.0% year-over-year; for FY2025, it was $61.47 million, up 19.8% from FY2024.
- Research & Development has now increased for six consecutive years, with a five-year compound annual growth rate of 20.2% (FY2020 to FY2025).
- In earlier years, Research & Development was $51.33 million in FY2024 (+16.0%), $44.25 million in FY2023 (+7.3%), $41.22 million in FY2022 (+20.8%) and $34.12 million in FY2021 (+39.2%).
- Quarterly Research & Development has moved between $8.82 million (Q3 2021) and $16.33 million (Q1 2026) over five years.
- Compared with a year earlier, Research & Development has increased for 21 straight quarters, with growth averaging 16.9% over the last eight quarters.
- The year-over-year growth in Research & Development has ranged between 0.6% (Q2 2026) and 47.6% (Q4 2021) over the last five years.
- Per Business Quant data, PAY's Research & Development in the three quarters before Q2 2026 was $16.33 million (Q1 2026), $15.92 million (Q4 2025) and $15.22 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 472.85 Mn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 849.00 Mn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 90.59 Mn |
| 10 | Paymentus Holdings | 3.77 Bn | 2.44 Bn | 94.31 Mn | 15.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.32 Mn |
| Mar 31, 2026 | 16.33 Mn |
| Dec 31, 2025 | 15.92 Mn |
| Sep 30, 2025 | 15.22 Mn |
| Jun 30, 2025 | 15.23 Mn |
| Mar 31, 2025 | 15.10 Mn |
| Dec 31, 2024 | 13.56 Mn |
| Sep 30, 2024 | 13.19 Mn |
| Jun 30, 2024 | 12.54 Mn |
| Mar 31, 2024 | 12.05 Mn |
| Dec 31, 2023 | 10.65 Mn |
| Sep 30, 2023 | 11.04 Mn |
| Jun 30, 2023 | 10.91 Mn |
| Mar 31, 2023 | 11.65 Mn |
| Dec 31, 2022 | 10.30 Mn |
| Sep 30, 2022 | 10.35 Mn |
| Jun 30, 2022 | 10.19 Mn |
| Mar 31, 2022 | 10.39 Mn |
| Dec 31, 2021 | 9.65 Mn |
| Sep 30, 2021 | 8.82 Mn |
API Access
Paymentus Holdings Research & Development 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=research-and-development&ticker=PAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=PAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();