Forrester Research (FORR) Cost of Revenue (2010 - 2026)
Forrester Research (FORR) recorded Cost of Revenue of $43.72 million in Q2 2026, down 12.0% from $49.65 million a year earlier but up 13.2% from the prior quarter.
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Analysis
Forrester Research (FORR) Cost of Revenue (2010 - 2026) Analysis & Trends
On a TTM basis, Forrester Research's Cost of Revenue came in at $163.81 million as of Jun 30, 2026, down 6.9% year-over-year; for FY2025, it was $170.72 million, down 6.5% from FY2024.
- Annual Cost of Revenue has declined for three straight years, though with a five-year compound annual growth rate of 1.0% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $182.53 million in FY2024 (-10.7%), $204.48 million in FY2023 (-8.6%), $223.77 million in FY2022 (+10.9%) and $201.82 million in FY2021 (+24.4%).
- Quarterly Cost of Revenue has ranged from $37.71 million in Q3 2025 to $66.4 million in Q4 2021 over the past five years.
- On a year-over-year basis, Cost of Revenue has declined for 15 consecutive quarters, with an average decline of 8.6% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 46.5% in Q4 2021, against a decline of 15.4% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $38.63 million (Q1 2026), $43.75 million (Q4 2025) and $37.71 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 132.79 Bn | 93.20 Bn | 6.13 Bn | 12.58 Bn |
| 2 | Cintas | 77.24 Bn | 76.43 Bn | 1.48 Bn | 1.42 Bn |
| 3 | Iron Mountain | 33.76 Bn | 33.28 Bn | 1.07 Bn | 958.61 Mn |
| 4 | APi | 17.50 Bn | 14.54 Bn | 703.00 Mn | 1.55 Bn |
| 5 | Aramark | 14.64 Bn | 12.66 Bn | 430.34 Mn | 4.63 Bn |
| 6 | Rollins | 14.51 Bn | 14.06 Bn | 569.95 Mn | 508.63 Mn |
| 7 | UL Solutions | 13.33 Bn | 12.11 Bn | 417.00 Mn | 399.00 Mn |
| 8 | Gartner | 11.67 Bn | 5.36 Bn | 1.19 Bn | 486.91 Mn |
| 9 | Rentokil Initial | 10.08 Bn | 3.42 Bn | - | - |
| 10 | Forrester Research | 216.37 Mn | -45.51 Mn | 56.52 Mn | 43.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.72 Mn |
| Mar 31, 2026 | 38.63 Mn |
| Dec 31, 2025 | 43.75 Mn |
| Sep 30, 2025 | 37.71 Mn |
| Jun 30, 2025 | 49.65 Mn |
| Mar 31, 2025 | 39.60 Mn |
| Dec 31, 2024 | 44.51 Mn |
| Sep 30, 2024 | 42.17 Mn |
| Jun 30, 2024 | 51.16 Mn |
| Mar 31, 2024 | 44.69 Mn |
| Dec 31, 2023 | 52.60 Mn |
| Sep 30, 2023 | 47.98 Mn |
| Jun 30, 2023 | 54.61 Mn |
| Mar 31, 2023 | 49.49 Mn |
| Dec 31, 2022 | 56.81 Mn |
| Sep 30, 2022 | 52.72 Mn |
| Jun 30, 2022 | 58.01 Mn |
| Mar 31, 2022 | 50.25 Mn |
| Dec 31, 2021 | 66.40 Mn |
| Sep 30, 2021 | 44.61 Mn |
API Access
Forrester Research 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=FORR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "FORR", "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=FORR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();