Upay (UPYY) Gross Margin (2020 - 2025)
Upay recorded quarterly Gross Margin of 70.45% in Q4 2025, down 7.4% quarter-over-quarter from 76.08% in Q3 2025, and down 2.0% year-over-year from 71.89% in Q4 2024.
Upay's Gross Margin history runs 6 years deep, the most recent figure standing at 70.45% for Q4 2025.
- In Q4 2025, Gross Margin fell 2.0% year-over-year to 70.45%; the TTM figure through Nov 2025 stood at 72.92% (up 1717.0% YoY), while the FY2025 annual figure was 62.13%, up 944.0% from the prior year.
- Gross Margin came in at 70.45% for Q4 2025 at Upay, down from 76.08% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 76.08% in Q3 2025 to a low of 47.75% in Q1 2024.
- A 5-year average of 62.79% and a median of 64.37% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 1094 bps in 2023 and soared 2723 bps in 2025, its largest moves.
- Upay's Gross Margin stood at 65.77% in 2021, then decreased by 16 bps to 55.11% in 2022, then declined by 2 bps to 53.86% in 2023, then surged by 31 bps to 70.47% in 2024, then fell by 0 bps to 70.45% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 70.45%, 76.08%, and 75.01% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 147.39 Bn | 146.35 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Upay | - | - | 130,043.00 | 70.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Nov 30, 2025 | 70.45% |
| Aug 31, 2025 | 76.08% |
| May 31, 2025 | 75.01% |
| Feb 28, 2025 | 69.34% |
| Nov 30, 2024 | 70.47% |
| Aug 31, 2024 | 70.62% |
| May 31, 2024 | 47.78% |
| Feb 29, 2024 | 47.75% |
| Nov 30, 2023 | 53.86% |
| Aug 31, 2023 | 56.51% |
| May 31, 2023 | 52.15% |
| Feb 28, 2023 | 53.35% |
| Nov 30, 2022 | 55.11% |
| Aug 31, 2022 | 59.20% |
| May 31, 2022 | 62.68% |
| Feb 28, 2022 | 64.29% |
| Nov 30, 2021 | 65.77% |
| Aug 31, 2021 | 64.44% |
| May 31, 2021 | 67.05% |
| Feb 28, 2021 | 73.94% |
| Nov 30, 2020 | 75.22% |
| Aug 31, 2020 | 69.84% |
| May 31, 2020 | 71.45% |