Upay (UPYY) Operating Margin (2020 - 2026)

Upay (UPYY) posted Operating Margin of 61.43% for Q4 2025, down 10.26% sequentially from 55.71% in Q3 2025, and up 3887.0% YoY from 1.54% in Q4 2024.

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

Upay has reported Operating Margin for 6 years, with the latest figure at 61.43% in Q4 2025.

Quarterly Operating Margin rose 3887.0% year-over-year to 61.43% in Q4 2025, while the trailing twelve-month figure through Nov 2025 was 55.46% (up 1816.0% YoY) and the FY2025 annual result came in at 71.14%, down 2224.0% from the prior year.
Operating Margin slipped to 61.43% in Q4 2025 per UPYY's latest filing, from 55.71% in the prior quarter.
Over five years, Operating Margin peaked at 2.58% in Q4 2022 and troughed at 109.6% in Q3 2024.
A 5-year average of 40.51% and a median of 33.78% in 2025 frame the typical range for Operating Margin.
The sharpest annual moves came in 2022 and 2023: Operating Margin jumped 9731 bps in 2022, then slumped 8421 bps in 2023.
Over 5 years, Operating Margin stood at 1.09% in 2021, then jumped by 137 bps to 2.58% in 2022, then plunged by 3267 bps to 81.63% in 2023, then declined by 23 bps to 100.3% in 2024, then jumped by 39 bps to 61.43% in 2025.
According to Business Quant data, Operating Margin over the past three periods registered 61.43%, 55.71%, and 76.64% for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	27.70%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	13.62%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	21.08%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	13.32%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	4.06%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	-23.45%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	-33.33%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	33.82%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	46.97%
10	Upay	15.85 Mn	15.76 Mn	166,942.00	-45.45%

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