Fresenius Medical Care AG (FMS) Cost of Revenue (2009 - 2026)
Fresenius Medical Care AG (FMS) reported Cost of Revenue of $4.21 billion for the quarter ended Sep 30, 2026, down 1.1% from $4.26 billion a year earlier but up 2.1% from the prior quarter.
Fresenius Medical Care AG (FMS) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Fresenius Medical Care AG's Cost of Revenue came in at $16.64 billion, up 2.3% year-over-year; for the year ended Dec 31, 2025, it came in at $16.49 billion, up 4.5% from the prior year.
- Cost of Revenue has increased for 16 consecutive years, with a five-year compound annual growth rate of 3.2% (years ended Dec 2020 to Dec 2025).
- By year, Cost of Revenue came in at $15.78 billion in the year ended Dec 31, 2024 (+0.4%), $15.72 billion in the year ended Dec 31, 2023 (+2.8%), $15.29 billion in the year ended Dec 31, 2022 (+0.6%) and $15.2 billion in the year ended Dec 31, 2021 (+8.1%).
- Five-year quarterly Cost of Revenue spans a low of $3.75 billion in the quarter ended Jun 30, 2022 and a high of $4.29 billion in the quarter ended Dec 31, 2025.
- Year over year, Cost of Revenue gained in seven of the last eight quarters, with growth averaging 3.2%.
- The high point for year-over-year Cost of Revenue in five years was the quarter ended Dec 31, 2021 (growth of 15.1%); the low point was the quarter ended Dec 31, 2022 (a decline of 7.5%).
- Per Business Quant data, the three quarters before the quarter ended Sep 30, 2026 came in at $4.13 billion (quarter ended Jun 30, 2026), $4.02 billion (quarter ended Mar 31, 2026) and $4.29 billion (quarter ended Dec 31, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 2.82 Bn |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | 280.51 Mn |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 2.70 Bn |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 2.06 Bn |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | 124.82 Mn |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 278.27 Mn |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | 144.84 Mn |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 65.00 Mn |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 2.45 Bn |
| 10 | Fresenius Medical Care AG | 6.35 Bn | -156.05 Mn | 1.47 Bn | 4.21 Bn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.21 Bn |
| Jun 30, 2026 | 4.13 Bn |
| Mar 31, 2026 | 4.02 Bn |
| Dec 31, 2025 | 4.29 Bn |
| Sep 30, 2025 | 4.26 Bn |
| Jun 30, 2025 | 4.05 Bn |
| Mar 31, 2025 | 3.89 Bn |
| Dec 31, 2024 | 4.08 Bn |
| Sep 30, 2024 | 3.97 Bn |
| Jun 30, 2024 | 3.88 Bn |
| Mar 31, 2024 | 3.86 Bn |
| Dec 31, 2023 | 3.91 Bn |
| Sep 30, 2023 | 4.04 Bn |
| Jun 30, 2023 | 3.95 Bn |
| Mar 31, 2023 | 3.82 Bn |
| Dec 31, 2022 | 3.84 Bn |
| Sep 30, 2022 | 3.88 Bn |
| Jun 30, 2022 | 3.75 Bn |
| Mar 31, 2022 | 3.79 Bn |
| Dec 31, 2021 | 4.15 Bn |
Fresenius Medical Care AG 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=FMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "FMS", "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=FMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();