Braze (BRZE) Cost of Revenue (2020 - 2026)
Braze's Cost of Revenue came in at $75.37 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 29.5% from $58.22 million a year earlier and up 4.2% from the prior quarter.
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Analysis
Braze (BRZE) Cost of Revenue (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Braze reported Cost of Revenue of $281.16 million, up 37.6% year-over-year; for FY2026 (ended Jan 31, 2026), it was $242.53 million, up 32.4% from FY2025.
- Cost of Revenue has increased in each of the last six fiscal years, with a five-year compound annual growth rate of 34.8% (FY2021 to FY2026).
- Going back by fiscal year, Cost of Revenue was $183.19 million in FY2025 (+24.2%), $147.53 million in FY2024 (+27.4%), $115.82 million in FY2023 (+47.5%) and $78.51 million in FY2022 (+44.0%).
- The fiscal Q2 2027 figure represents the highest quarterly Cost of Revenue in data going back to fiscal Q3 2021.
- Year-over-year, Cost of Revenue has increased for 20 consecutive quarters, with growth averaging 30.1% over the last eight quarters.
- The year-over-year growth in Cost of Revenue has ranged between 14.2% (fiscal Q1 2026) and 63.9% (fiscal Q1 2023) over the last five years.
- Business Quant data shows BRZE's Cost of Revenue at $72.34 million (Q1 2027), $70.82 million (Q4 2026) and $62.63 million (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 453.55 Bn | 422.61 Bn | 1.64 Bn | 296.87 Mn |
| 2 | Oracle | 430.98 Bn | 303.54 Bn | - | - |
| 3 | Sap Se | 256.23 Bn | 177.31 Bn | 8.40 Bn | 3.08 Bn |
| 4 | Salesforce | 193.08 Bn | 148.96 Bn | 8.70 Bn | 2.65 Bn |
| 5 | ServiceNow | 138.94 Bn | 117.40 Bn | 2.82 Bn | 1.17 Bn |
| 6 | Automatic Data Processing | 102.51 Bn | 84.63 Bn | 2.51 Bn | 2.96 Bn |
| 7 | Intuit | 75.44 Bn | 54.79 Bn | 3.44 Bn | 910.00 Mn |
| 8 | Relx | 60.79 Bn | 57.76 Bn | - | - |
| 9 | Strategy | 56.32 Bn | 49.31 Bn | 81.55 Mn | 40.82 Mn |
| 10 | Braze | 2.89 Bn | 1.30 Bn | 151.86 Mn | 75.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 75.37 Mn |
| Apr 30, 2026 | 72.34 Mn |
| Jan 31, 2026 | 70.82 Mn |
| Oct 31, 2025 | 62.63 Mn |
| Jul 31, 2025 | 58.22 Mn |
| Apr 30, 2025 | 50.86 Mn |
| Jan 31, 2025 | 49.31 Mn |
| Oct 31, 2024 | 45.91 Mn |
| Jul 31, 2024 | 43.42 Mn |
| Apr 30, 2024 | 44.55 Mn |
| Jan 31, 2024 | 42.99 Mn |
| Oct 31, 2023 | 36.37 Mn |
| Jul 31, 2023 | 35.47 Mn |
| Apr 30, 2023 | 32.69 Mn |
| Jan 31, 2023 | 33.43 Mn |
| Oct 31, 2022 | 29.14 Mn |
| Jul 31, 2022 | 27.35 Mn |
| Apr 30, 2022 | 25.91 Mn |
| Jan 31, 2022 | 24.78 Mn |
| Oct 31, 2021 | 19.17 Mn |
API Access
Braze Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BRZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "BRZE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BRZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();