Upay (UPYY) Gross Margin (2020 - 2026)
Upay's (UPYY) quarterly Gross Margin came in at 73.75% in Q2 2026, down 126.0% year-over-year from 283.67% in Q2 2025, and up 2.3% quarter-over-quarter from 72.09% in Q1 2026.
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Upay (UPYY) Gross Margin (2020 - 2026) Analysis & Trends
Upay has disclosed Gross Margin across 7 years of filings, most recently posting 73.75% for Q2 2026.
- In Q2 2026, Gross Margin fell 126.0% year-over-year to 73.75%; the TTM figure through May 2026 stood at 73.12% (up 163.0% YoY), while the FY2026 annual figure was 73.36%, up 1124.0% from the prior year.
- Gross Margin came in at 73.75% for Q2 2026 at Upay, up from 72.09% 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.
- Average Gross Margin over 5 years is 62.81%, with a median of 63.49% recorded in 2022.
- Year-over-year, Gross Margin plunged 1094 bps in 2023 and soared 2723 bps in 2025.
- Over 5 years, Gross Margin stood at 55.11% in 2022, then dropped by 2 bps to 53.86% in 2023, then jumped by 31 bps to 70.47% in 2024, then declined by 0 bps to 70.45% in 2025, then grew by 5 bps to 73.75% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 73.75% in Q2 2026, 72.09% in Q1 2026, and 70.45% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thomson Reuters | 46.10 Bn | 45.06 Bn | - | - |
| 2 | Docusign | 12.87 Bn | 12.10 Bn | 697.87 Mn | 79.69% |
| 3 | Workiva | 4.15 Bn | 3.33 Bn | 205.27 Mn | 80.41% |
| 4 | Vertex | 2.22 Bn | 1.99 Bn | 131.30 Mn | 64.37% |
| 5 | Clarivate | 1.33 Bn | 1.11 Bn | 401.80 Mn | 68.41% |
| 6 | Donnelley Financial Solutions | 1.26 Bn | 1.23 Bn | 148.00 Mn | 66.01% |
| 7 | Legalzoom.Com | 1.03 Bn | 859.25 Mn | 139.93 Mn | 68.16% |
| 8 | Telos | 358.74 Mn | 308.09 Mn | 16.69 Mn | 34.96% |
| 9 | CS Disco | 276.29 Mn | 174.90 Mn | 32.11 Mn | 74.43% |
| 10 | Upay | 15.85 Mn | 15.76 Mn | 166,942.00 | 73.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 73.75% |
| Feb 28, 2026 | 72.09% |
| 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% |