Upay (UPYY) Gross Margin (2020 - 2025)
Upay (UPYY) reported Gross Margin of 70.45% for Q4 2025, down 2.0% on a YoY basis from 71.89% in Q4 2024, and down 7.4% sequentially from 76.08% in Q3 2025.
Upay (UPYY) Gross Margin (2020 - 2025) Analysis & Trends
Upay (UPYY) has 6 years of Gross Margin data on file, last reported at 70.45% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 2.0% year-over-year to 70.45%; the trailing twelve-month figure through Nov 2025 stood at 72.92% (up 1717.0% YoY), and the FY2025 full-year result was 62.13%, up 944.0% from the prior year.
- Gross Margin declined to 70.45% in Q4 2025, 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 tumbled 1094 bps in 2023 and surged 2723 bps in 2025, its largest moves.
- Tracing UPYY's Gross Margin over 5 years: stood at 65.77% in 2021, then fell by 16 bps to 55.11% in 2022, then slipped by 2 bps to 53.86% in 2023, then soared by 31 bps to 70.47% in 2024, then dropped by 0 bps to 70.45% in 2025.
- Business Quant data shows UPYY's Gross Margin at 70.45% in Q4 2025, 76.08% in Q3 2025, and 75.01% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Upay | 15.41 Mn | 15.31 Mn | - | - |
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% |