XChange TEC.INC (XHG) Payables (2018 - 2025)

XChange TEC.INC (XHG) reported Payables of $8.7 million for Q3 2025, down 94.38% year-on-year from $154.1 million in Q3 2024, and down 94.11% quarter-over-quarter from $147.1 million in Q1 2025.

XChange TEC.INC (XHG) has 8 years of Payables data on file, last reported at $8.7 million in Q3 2025.

  • For the quarter ending Q3 2025, Payables fell 94.38% year-over-year to $8.7 million; the trailing twelve-month figure through Sep 2025 stood at $8.7 million (down 94.38% YoY), and the FY2025 full-year result was $98.0 million, up 1273.77% from the prior year.
  • Payables for Q3 2025 stood at $8.7 million, down from $147.1 million in the prior quarter.
  • Across five years, Payables topped out at $182.4 million in Q1 2024 and bottomed at $1.5 million in Q3 2022.
  • A 5-year average of $90.1 million and a median of $91.2 million in 2021 frame the typical range for Payables.
  • Across the five-year window, Payables tumbled 97.2% in 2022 and jumped 2398.86% in 2024, its largest moves.
  • Tracing XHG's Payables over 5 years: stood at $52.3 million in 2021, then plunged by 97.2% to $1.5 million in 2022, then soared by 321.87% to $6.2 million in 2023, then jumped by 2398.86% to $154.1 million in 2024, then plunged by 94.38% to $8.7 million in 2025.
  • According to Business Quant data, Payables over the past three periods registered $8.7 million, $147.1 million, and $154.1 million for Q3 2025, Q1 2025, and Q3 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 2.21 Bn
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 640.00 Mn
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn 1.17 Bn
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 873.00 Mn
5 XChange TEC.INC 6.95 Bn 6.95 Bn - 8.66 Mn
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn 660.00 Mn
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn -
8 Baldwin Insurance 1.84 Bn 2.28 Bn - 285.87 Mn
9 Goosehead Insurance 1.01 Bn 899.53 Mn - 31.00 Mn
10 Twfg 279.02 Mn 351.22 Mn - -

Historic Data

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DateValue
Sep 30, 2025 8.66 Mn
Mar 31, 2025 147.11 Mn
Sep 30, 2024 154.13 Mn
Mar 31, 2024 182.42 Mn
Sep 30, 2023 6.17 Mn
Mar 31, 2023 42.74 Mn
Sep 30, 2022 1.46 Mn
Mar 31, 2022 175.78 Mn
Sep 30, 2021 52.30 Mn
Mar 31, 2021 130.06 Mn
Sep 30, 2020 68.08 Mn
Mar 31, 2020 110.20 Mn
Sep 30, 2019 147.50 Mn
Sep 30, 2018 226.34 Mn