Dexcom (DXCM) Cost of Revenue (2009 - 2026)
Dexcom's Cost of Revenue was $480.1 million in Q3 2026, up 0.5% from $477.9 million a year earlier and up 0.4% from the prior quarter.
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Analysis
Dexcom (DXCM) Cost of Revenue (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Dexcom's Cost of Revenue was $1.87 billion through Sep 30, 2026, up 0.9% year-over-year; for FY2025, it was $1.86 billion, up 16.6% from FY2024.
- Cost of Revenue has now increased for 16 consecutive years, with a five-year compound annual growth rate of 23.5% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $1.59 billion in FY2024 (+19.6%), $1.33 billion in FY2023 (+29.9%), $1.03 billion in FY2022 (+33.7%) and $768 million in FY2021 (+18.8%).
- The Q3 2026 figure marks the highest quarterly Cost of Revenue in data going back to Q2 2010.
- Compared with a year earlier, Cost of Revenue was higher in seven of the last eight quarters, with growth averaging 11.5%.
- The best year-over-year quarter for Cost of Revenue over five years was Q1 2022 (growth of 43.2%); the worst was Q1 2026 (a decline of 1.2%).
- Per Business Quant data, DXCM's Cost of Revenue in the three quarters before Q3 2026 was $478.4 million (Q2 2026), $441.6 million (Q1 2026) and $466.9 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 7.01 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 5.63 Bn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 2.72 Bn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 964.40 Mn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 3.42 Bn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 2.27 Bn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 1.71 Bn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 369.20 Mn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 5.93 Bn |
| 10 | Dexcom | 29.81 Bn | 21.63 Bn | 864.40 Mn | 480.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 480.10 Mn |
| Jun 30, 2026 | 478.40 Mn |
| Mar 31, 2026 | 441.60 Mn |
| Dec 31, 2025 | 466.90 Mn |
| Sep 30, 2025 | 477.90 Mn |
| Jun 30, 2025 | 468.30 Mn |
| Mar 31, 2025 | 447.00 Mn |
| Dec 31, 2024 | 457.70 Mn |
| Sep 30, 2024 | 400.40 Mn |
| Jun 30, 2024 | 377.60 Mn |
| Mar 31, 2024 | 359.10 Mn |
| Dec 31, 2023 | 377.90 Mn |
| Sep 30, 2023 | 351.70 Mn |
| Jun 30, 2023 | 324.90 Mn |
| Mar 31, 2023 | 278.90 Mn |
| Dec 31, 2022 | 273.90 Mn |
| Sep 30, 2022 | 275.40 Mn |
| Jun 30, 2022 | 246.70 Mn |
| Mar 31, 2022 | 230.70 Mn |
| Dec 31, 2021 | 225.60 Mn |
API Access
Dexcom 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=DXCM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "DXCM", "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=DXCM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();