UiPath Inc. (PATH) Revenue History
Annual and quarterly revenue from 2020 to present
PATH Revenue Over Time (2020–2026)
PATH Revenue Growth History
6 of 6 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +80.8%
- FY2022 revenue growth
- +46.8%
- FY2023 revenue growth
- +18.6%
- FY2024 revenue growth
- +23.6%
- FY2025 revenue growth
- +9.3%
- FY2026 revenue growth
- +12.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2027 | $418.4M | +17.3% |
| Q4 2026 | $481.1M | +13.6% |
| Q3 2026 | $411.1M | +15.9% |
| Q2 2026 | $361.7M | +14.4% |
| Q1 2026 | $356.6M | +6.4% |
| Q4 2025 | $423.6M | +4.5% |
| Q3 2025 | $354.7M | +8.8% |
| Q2 2025 | $316.3M | +10.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2026)
PATH's revenue distribution by segment and geography for fiscal year 2026
By Product/Segment
By Geography
PATH Revenue Analysis (2020–2026)
Current Revenue & Growth
As of June 21, 2026, UiPath Inc. (PATH) generated trailing twelve-month (TTM) revenue of $1.67 billion, reflecting strong growth of +17.3% year-over-year. The most recent quarter (Q1 2027) recorded $418.4 million in revenue, down 13.0% sequentially.
Historical Growth Trajectory
PATH's 5-year compound annual growth rate (CAGR) stands at +21.5%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +15.0% is below the 5-year average, signalling a growth deceleration in recent years. UiPath Inc.'s highest annual revenue of $1.61 billion was recorded in 2026, an all-time high.
Revenue by Segment
PATH's revenue is primarily driven by Subscription Services (57%), License (36%), and Professional Services and Other (6%). With over half of revenue concentrated in Subscription Services, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including APPN (+20.4% YoY), PEGA (+3.5% YoY), and NICE (+8.5% YoY) — PATH has outperformed the peer group in revenue growth. Compare PATH vs APPN →
PATH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PATHCurrent | $1.7B | +17.3% | +21.5% | 3.8% | |
 APPN | $727M | +20.4% | +19.0% | 0.1% | |
 PEGA | $1.7B | +3.5% | +11.4% | 15.1% | |
 NICE | $2.9B | +8.5% | +12.3% | 21.9% | |
 NOW | $13.3B | +21.7% | +24.1% | 13.7% | |
 MSFT | $281.7B | +17.9% | +14.5% | 45.6% |
PATH Historical Revenue Data (2020–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $1.61B | +12.7% | $1.34B | 83.0% | $61.0M | 3.8% |
| 2025 | $1.43B | +9.3% | $1.18B | 82.7% | $-162,569,000 | -11.4% |
| 2024 | $1.31B | +23.6% | $1.11B | 85.0% | $-164,720,000 | -12.6% |
| 2023 | $1.06B | +18.6% | $878.5M | 83.0% | $-348,283,000 | -32.9% |
| 2022 | $892.3M | +46.8% | $723.4M | 81.1% | $-500,946,000 | -56.1% |
| 2021 | $607.6M | +80.8% | $541.8M | 89.2% | $-110,323,000 | -18.2% |
| 2020 | $336.2M | - | $276.8M | 82.3% | $-517,283,000 | -153.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
PATH — Frequently Asked Questions
Quick answers to the most common questions about buying PATH stock.
Is PATH's revenue growth accelerating or slowing?
PATH revenue growth is accelerating. TTM revenue reached $1.7B, up +17.3% year-over-year — ahead of the 5-year CAGR of +21.5%. This indicates the business is expanding faster than its historical baseline.
What is PATH's revenue history from 2020 to 2026?
UiPath Inc. (PATH) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $1.7B, growing at +17.3% YoY. The 5-year CAGR is +21.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is PATH's long-term revenue growth rate (CAGR)?
UiPath Inc.'s 5-year revenue CAGR of +21.5% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +17.3% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for PATH.
Why does PATH's quarterly revenue fluctuate?
PATH quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. UiPath Inc.'s revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is PATH's revenue distributed by segment?
PATH reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does PATH's revenue compare to industry peers?
UiPath Inc. (PATH) with TTM revenue of $1.7B and +17.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.