XChange TEC.INC (XHG) Payables (2018 - 2025)
XChange TEC.INC (XHG) recorded quarterly Payables of $8.7 million in Q3 2025, down 94.11% on a QoQ basis from $147.1 million in Q1 2025, and down 94.38% year-over-year from $154.1 million in Q3 2024.
XChange TEC.INC (XHG) Payables (2018 - 2025) Analysis & Trends
XChange TEC.INC has disclosed Payables across 8 years of filings, most recently posting $8.7 million for Q3 2025.
- Quarterly Payables fell 94.38% year-over-year to $8.7 million in Q3 2025, while the trailing twelve-month figure through Sep 2025 was $8.7 million (down 94.38% YoY) and the FY2025 annual result came in at $8.6 million, up 20.61% from the prior year.
- Payables retreated to $8.7 million in Q3 2025, from $147.1 million in the prior quarter.
- Over five years, Payables peaked at $182.4 million in Q1 2024 and troughed at $1.5 million in Q3 2022.
- A 5-year average of $69.5 million and a median of $55.1 million in 2021 frame the typical range for Payables.
- Annual changes were most pronounced in 2022 — Payables sank 97.2% — and 2024, when it jumped 2398.86%.
- Tracing XHG's Payables over 5 years: stood at $52.3 million in 2021, then sank by 97.2% to $1.5 million in 2022, then surged by 321.87% to $6.2 million in 2023, then soared by 2398.86% to $154.1 million in 2024, then sank by 94.38% to $8.7 million in 2025.
- Business Quant data shows XHG's Payables at $8.7 million in Q3 2025, $147.1 million in Q1 2025, and $154.1 million in Q3 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 4.62 Bn |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 2.21 Bn |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 640.00 Mn |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 1.17 Bn |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 873.00 Mn |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | 8.66 Mn |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 8.69 Mn |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | - |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | 660.00 Mn |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | 285.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 25.22 Mn |
| Sep 30, 2022 | 1.46 Mn |
| Mar 31, 2022 | 60.07 Mn |
| Sep 30, 2021 | 52.30 Mn |
| Mar 31, 2021 | 57.94 Mn |
| Sep 30, 2020 | 68.08 Mn |
| Mar 31, 2020 | 112.97 Mn |
| Sep 30, 2019 | 147.50 Mn |
| Sep 30, 2018 | 226.34 Mn |