XChange TEC.INC (XHG) Payables (2018 - 2026)
XChange TEC.INC (XHG) recorded quarterly Payables of $97.8 million in Q1 2026, little changed on a QoQ basis from $97.5 million in Q3 2025, and down 33.49% YoY from $147.1 million in Q1 2025.
Analysis
XChange TEC.INC (XHG) Payables (2018 - 2026) Analysis & Trends
XChange TEC.INC (XHG) has reported Payables for 9 consecutive years, with $97.8 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Payables fell 33.49% year-over-year to $97.8 million; the trailing twelve-month figure through Mar 2026 stood at $97.8 million (down 33.49% YoY), and the FY2025 full-year result was $97.5 million, up 1596.51% from the prior year.
- Payables was $97.8 million for Q1 2026 at XChange TEC.INC, roughly flat from $97.5 million in the prior quarter.
- The five-year high for Payables was $184.2 million in Q1 2024, with the low at $646589.6 in Q3 2023.
- Historically, Payables has averaged $68.7 million across 5 years, with a median of $60.6 million in 2025.
- Annual changes were most pronounced in 2023 — Payables plunged 96.51% — and 2025, when it surged 1591.3%.
- Tracing XHG's Payables over 5 years: stood at $18.5 million in 2022, then slumped by 86.82% to $2.4 million in 2023, then surged by 136.0% to $5.8 million in 2024, then jumped by 1591.3% to $97.5 million in 2025, then climbed by 0.39% to $97.8 million in 2026.
- Per Business Quant data, the three most recent Payables figures were $97.8 million in Q1 2026, $97.5 million in Q3 2025, and $147.1 million in Q1 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 88.77 Bn | 76.82 Bn | 6.04 Bn | 4.05 Bn |
| 2 | Aon | 68.55 Bn | 67.31 Bn | - | 2.27 Bn |
| 3 | Arthur J. Gallagher | 67.32 Bn | 65.96 Bn | - | 1.52 Bn |
| 4 | Willis Towers Watson | 31.09 Bn | 29.51 Bn | 2.09 Bn | 1.06 Bn |
| 5 | Brown & Brown | 23.57 Bn | 22.68 Bn | 1.41 Bn | 807.00 Mn |
| 6 | XChange TEC.INC | 16.98 Bn | 16.98 Bn | - | 97.84 Mn |
| 7 | Erie Indemnity | 11.68 Bn | 11.33 Bn | - | 273.87 Mn |
| 8 | Ryan Specialty Holdings | 10.71 Bn | 11.08 Bn | - | 340.82 Mn |
| 9 | Hagerty | 4.65 Bn | 4.78 Bn | 244.11 Mn | - |
| 10 | Neptune Insurance Holdings | 4.58 Bn | 4.56 Bn | - | 11.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 97.84 Mn |
| Sep 30, 2025 | 97.45 Mn |
| Mar 31, 2025 | 147.11 Mn |
| Sep 30, 2024 | 5.76 Mn |
| Mar 31, 2024 | 184.19 Mn |
| Dec 28, 2023 | 2.44 Mn |
| Sep 30, 2023 | 646,589.63 |
| Mar 31, 2023 | 23.71 Mn |
| Sep 30, 2022 | 18.53 Mn |
| Mar 31, 2022 | 109.13 Mn |
| Sep 30, 2021 | 98.03 Mn |
| Mar 31, 2021 | 53.15 Mn |
| Sep 30, 2020 | 43.50 Mn |
| Mar 31, 2020 | 50.61 Mn |
| Sep 30, 2019 | 40.47 Mn |
| Sep 30, 2018 | 68.12 Mn |