Icahn Enterprises (IEP) Cost of Revenue (2010 - 2026)

Icahn Enterprises has reported Cost of Revenue for 10 years, with the latest figure at $2.3 billion in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 16.07% year-over-year to $2.3 billion; the trailing twelve-month figure through Mar 2026 stood at $8.3 billion (down 3.96% YoY), and the FY2025 full-year result was $8.0 billion, down 7.44% from the prior year.
• Cost of Revenue for Q1 2026 stood at $2.3 billion, up from $2.2 billion in the prior quarter.
• The five-year high for Cost of Revenue was $3.2 billion in Q2 2022, with the low at $1.7 billion in Q3 2025.
• Historically, Cost of Revenue has averaged $2.4 billion across 5 years, with a median of $2.3 billion in 2023.
• Annual changes were most pronounced in 2022 — Cost of Revenue soared 33.3% — and 2023, when it retreated 27.22%.
• Icahn Enterprises' Cost of Revenue stood at $3.0 billion in 2022, then decreased by 19.35% to $2.4 billion in 2023, then slipped by 7.86% to $2.2 billion in 2024, then dropped by 1.55% to $2.2 billion in 2025, then climbed by 8.38% to $2.3 billion in 2026.
• The last three Cost of Revenue figures came in at $2.3 billion (Q1 2026), $2.2 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.