Icon (ICLR) Cost of Revenue (2009 - 2026)
Icon (ICLR) posted quarterly Cost of Revenue of $1.6 billion for Q1 2026, up 7.37% YoY from $1.4 billion in Q1 2025, and up 4.55% sequentially from $1.5 billion in Q3 2025.
Icon (ICLR) Cost of Revenue (2009 - 2026) Analysis & Trends
Icon has disclosed Cost of Revenue across 18 years of filings, most recently posting $1.6 billion for Q1 2026.
- In Q1 2026, Cost of Revenue rose 7.37% year-over-year to $1.6 billion; the TTM figure through Mar 2026 stood at $5.9 billion (up 2.17% YoY), while the FY2025 annual figure was $4.3 billion, up 2.34% from the prior year.
- Cost of Revenue advanced to $1.6 billion in Q1 2026, from $1.5 billion in the prior quarter.
- Over the last five years, Cost of Revenue for ICLR reached as high as $1.6 billion in Q1 2026 and fell as low as $1.4 billion in Q3 2022.
- The 5-year median for Cost of Revenue is $1.4 billion (2023), against an average of $1.4 billion.
- Annual changes were most pronounced in 2022 — Cost of Revenue jumped 120.57% — and 2025, when it decreased 2.53%.
- A 5-year view of Cost of Revenue shows it stood at $1.4 billion in 2022, then advanced by 4.71% to $1.4 billion in 2023, then fell by 0.28% to $1.4 billion in 2024, then grew by 3.23% to $1.5 billion in 2025, then grew by 4.55% to $1.6 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $1.6 billion, $1.5 billion, and $1.5 billion for Q1 2026, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 155.00 Mn |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 3.26 Bn |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 2.36 Bn |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 175.25 Mn |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 608,000.00 |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 845.00 Mn |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 2.80 Bn |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 370.00 Mn |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 118.74 Mn |
| 10 | Icon | 13.41 Bn | 12.64 Bn | 477.93 Mn | 1.56 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.56 Bn |
| Mar 31, 2026 | 1.56 Bn |
| Sep 30, 2025 | 1.49 Bn |
| Sep 30, 2025 | 1.49 Bn |
| Jun 30, 2025 | 1.46 Bn |
| Jun 30, 2025 | 1.46 Bn |
| Mar 31, 2025 | 1.45 Bn |
| Mar 31, 2025 | 1.45 Bn |
| Dec 31, 2024 | 1.44 Bn |
| Dec 31, 2024 | 1.44 Bn |
| Sep 30, 2024 | 1.44 Bn |
| Sep 30, 2024 | 1.44 Bn |
| Jun 30, 2024 | 1.49 Bn |
| Jun 30, 2024 | 1.49 Bn |
| Mar 31, 2024 | 1.47 Bn |
| Mar 31, 2024 | 1.47 Bn |
| Dec 31, 2023 | 1.45 Bn |
| Dec 31, 2023 | 1.45 Bn |
| Sep 30, 2023 | 1.45 Bn |
| Sep 30, 2023 | 1.45 Bn |