Upay (UPYY) Gross Margin (2020 - 2026)

Upay (UPYY) posted Gross Margin of 70.45% for Q4 2025, down 7.4% sequentially from 76.08% in Q3 2025, and down 2.0% YoY from 71.89% in Q4 2024.

Upay (UPYY) Gross Margin (2020 - 2026) Analysis & Trends

Upay has reported Gross Margin for 6 years, with the latest figure at 70.45% in Q4 2025.

Quarterly Gross Margin fell 2.0% year-over-year to 70.45% in Q4 2025, while the trailing twelve-month figure through Nov 2025 was 72.92% (up 1717.0% YoY) and the FY2025 annual result came in at 62.13%, up 944.0% from the prior year.
Gross Margin declined to 70.45% in Q4 2025 per UPYY's latest filing, from 76.08% in the prior quarter.
Over five years, Gross Margin peaked at 76.08% in Q3 2025 and troughed at 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.
The sharpest annual moves came in 2023 and 2025: Gross Margin sank 1094 bps in 2023, then jumped 2723 bps in 2025.
Over 5 years, Gross Margin stood at 65.77% in 2021, then slipped by 16 bps to 55.11% in 2022, then fell by 2 bps to 53.86% in 2023, then soared by 31 bps to 70.47% in 2024, then retreated 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.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	73.08%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	47.67%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	76.92%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	44.93%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	70.68%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	66.61%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	45.88%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	89.20%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	84.61%
10	Upay	15.85 Mn	15.76 Mn	166,942.00	73.75%

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