CrowdStrike Holdings (CRWD) Cost of Revenue (2018 - 2026)
CrowdStrike Holdings' Cost of Revenue was $374 million in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 21.2% from $308.55 million a year earlier and up 9.3% from the prior quarter.
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Analysis
CrowdStrike Holdings (CRWD) Cost of Revenue (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, CrowdStrike Holdings' Cost of Revenue was $1.34 billion through Jul 31, 2026, up 18.8% year-over-year; for FY2026 (ended Jan 31, 2026), it was $1.22 billion, up 23.1% from FY2025.
- Cost of Revenue has now increased for eight consecutive fiscal years, with a five-year compound annual growth rate of 39.6% (FY2021 to FY2026).
- In earlier fiscal years, Cost of Revenue was $990.17 million in FY2025 (+30.5%), $758.93 million in FY2024 (+26.2%), $601.23 million in FY2023 (+56.9%) and $383.22 million in FY2022 (+66.9%).
- The fiscal Q2 2027 figure marks the highest quarterly Cost of Revenue in data going back to fiscal Q1 2019.
- Compared with a year earlier, Cost of Revenue has increased for 30 straight quarters, with growth averaging 24.1% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 14.3% in fiscal Q4 2026 to 68.8% in fiscal Q4 2022.
- Per Business Quant data, CRWD's Cost of Revenue in the three fiscal quarters before Q2 2027 was $342.28 million (Q1 2027), $311.7 million (Q4 2026) and $307.81 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 305.41 Bn | 290.49 Bn | 2.30 Bn | 1.11 Bn |
| 2 | CrowdStrike Holdings | 258.16 Bn | 238.60 Bn | 1.10 Bn | 374.00 Mn |
| 3 | Fortinet | 127.25 Bn | 113.18 Bn | 1.64 Bn | 404.70 Mn |
| 4 | Snowflake | 118.44 Bn | 105.76 Bn | 1.04 Bn | 510.08 Mn |
| 5 | Datadog | 96.25 Bn | 77.89 Bn | 881.34 Mn | 240.11 Mn |
| 6 | Axon Enterprise | 34.94 Bn | 29.46 Bn | 546.45 Mn | 357.94 Mn |
| 7 | MongoDB | 33.06 Bn | 23.53 Bn | 569.77 Mn | 202.01 Mn |
| 8 | Okta | 32.62 Bn | 22.72 Bn | 641.00 Mn | 164.00 Mn |
| 9 | Zscaler | 31.48 Bn | 17.60 Bn | - | - |
| 10 | Baidu | 29.71 Bn | -43.91 Bn | 1.47 Mn | 2.82 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 374.00 Mn |
| Apr 30, 2026 | 342.28 Mn |
| Jan 31, 2026 | 311.70 Mn |
| Oct 31, 2025 | 307.81 Mn |
| Jul 31, 2025 | 308.55 Mn |
| Apr 30, 2025 | 287.88 Mn |
| Jan 31, 2025 | 272.68 Mn |
| Oct 31, 2024 | 255.09 Mn |
| Jul 31, 2024 | 237.40 Mn |
| Apr 30, 2024 | 225.00 Mn |
| Jan 31, 2024 | 211.78 Mn |
| Oct 31, 2023 | 195.00 Mn |
| Jul 31, 2023 | 182.92 Mn |
| Apr 30, 2023 | 169.23 Mn |
| Jan 31, 2023 | 175.60 Mn |
| Oct 31, 2022 | 158.23 Mn |
| Jul 31, 2022 | 140.57 Mn |
| Apr 30, 2022 | 126.83 Mn |
| Jan 31, 2022 | 112.62 Mn |
| Oct 31, 2021 | 101.66 Mn |
API Access
CrowdStrike Holdings 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=CRWD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "CRWD", "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=CRWD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();