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
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 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