Coursera (COUR) Cost of Revenue (2020 - 2026)
Coursera (COUR) posted quarterly Cost of Revenue of $87.1 million for Q1 2026, up 7.0% year-over-year from $81.4 million in Q1 2025, and down 3.33% quarter-over-quarter from $90.1 million in Q4 2025.
Coursera (COUR) Cost of Revenue (2020 - 2026) Analysis & Trends
Coursera (COUR) has reported Cost of Revenue for 7 consecutive years, with $87.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue rose 7.0% year-over-year to $87.1 million; the TTM figure through Mar 2026 stood at $349.8 million (up 7.6% YoY), while the FY2025 annual figure was $344.1 million, up 6.43% from the prior year.
- Cost of Revenue declined to $87.1 million in Q1 2026 per COUR's latest filing, from $90.1 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $90.1 million in Q4 2025 and bottomed at $42.8 million in Q1 2022.
- Historically, Cost of Revenue has averaged $73.7 million across 5 years, with a median of $79.9 million in 2024.
- Annual changes were most pronounced in 2023 — Cost of Revenue surged 68.51% — and 2024, when it retreated 2.88%.
- Coursera's Cost of Revenue stood at $54.3 million in 2022, then jumped by 46.5% to $79.6 million in 2023, then advanced by 5.21% to $83.7 million in 2024, then gained by 7.65% to $90.1 million in 2025, then declined by 3.33% to $87.1 million in 2026.
- Business Quant data shows COUR's Cost of Revenue at $87.1 million in Q1 2026, $90.1 million in Q4 2025, and $88.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 717.31 Mn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | 8.21 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 378.20 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 525.48 Mn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 216.75 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 59.96 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 418.78 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 74.83 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 202.24 Mn |
| 10 | Coursera | 1.32 Bn | 341.18 Mn | 173.40 Mn | 125.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 125.20 Mn |
| Jun 30, 2026 | 125.20 Mn |
| Mar 31, 2026 | 87.10 Mn |
| Mar 31, 2026 | 87.10 Mn |
| Dec 31, 2025 | 90.10 Mn |
| Dec 31, 2025 | 90.10 Mn |
| Sep 30, 2025 | 88.20 Mn |
| Sep 30, 2025 | 88.20 Mn |
| Jun 30, 2025 | 84.40 Mn |
| Jun 30, 2025 | 84.40 Mn |
| Mar 31, 2025 | 81.40 Mn |
| Mar 31, 2025 | 81.40 Mn |
| Dec 31, 2024 | 83.70 Mn |
| Dec 31, 2024 | 83.70 Mn |
| Sep 30, 2024 | 79.90 Mn |
| Sep 30, 2024 | 79.90 Mn |
| Jun 30, 2024 | 80.10 Mn |
| Jun 30, 2024 | 80.10 Mn |
| Mar 31, 2024 | 79.60 Mn |
| Mar 31, 2024 | 79.60 Mn |