IHS Holding (IHS) Cost of Revenue (2020 - 2026)
IHS Holding's Cost of Revenue was $221.5 million in Q2 2026, up 29.5% from $171.1 million a year earlier and up 20.6% from the prior quarter.
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Analysis
IHS Holding (IHS) Cost of Revenue (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, IHS Holding's Cost of Revenue was $822.5 million through Jun 30, 2026, up 12.5% year-over-year; for FY2025, it was $705.4 million, down 3.8% from FY2024.
- Cost of Revenue has now declined for three consecutive years, with a five-year compound annual growth rate of -3.4% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $733.6 million in FY2024 (-29.2%), $1.04 billion in FY2023 (-10.4%), $1.16 billion in FY2022 (+27.5%) and $907.39 million in FY2021 (+8.2%).
- Quarterly Cost of Revenue has moved between $171.1 million (Q2 2025) and $358.88 million (Q3 2023) over five years.
- Compared with a year earlier, Cost of Revenue was higher in three of the last eight quarters, with an average decline of 7.3%.
- The best year-over-year quarter for Cost of Revenue over five years was Q4 2022 (growth of 44.3%); the worst was Q3 2024 (a decline of 43.8%).
- Per Business Quant data, IHS's Cost of Revenue in the three quarters before Q2 2026 was $183.6 million (Q1 2026), $178.4 million (Q4 2025) and $239 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 75.57 Bn | 75.31 Bn | 2.72 Bn | 33.40 Mn |
| 2 | Digital Realty Trust | 66.06 Bn | 56.59 Bn | - | - |
| 3 | Crown Castle | 28.31 Bn | 27.05 Bn | 989.00 Mn | 19.00 Mn |
| 4 | Sba Communications | 16.81 Bn | 16.90 Bn | 539.27 Mn | 41.93 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 194.22 Mn |
| 6 | OUTFRONT Media | 5.05 Bn | 4.82 Bn | 276.40 Mn | 246.10 Mn |
| 7 | Array Digital Infrastructure | 2.97 Bn | 1.87 Bn | 30.57 Mn | 23.50 Mn |
| 8 | IHS Holding | 2.79 Bn | -67.81 Mn | 207.10 Mn | 221.50 Mn |
| 9 | Fermi | 2.57 Bn | 1.71 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.22 Bn | 503.54 Mn | 241.86 Mn | 196.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 221.50 Mn |
| Mar 31, 2026 | 183.60 Mn |
| Dec 31, 2025 | 178.40 Mn |
| Sep 30, 2025 | 239.00 Mn |
| Jun 30, 2025 | 171.10 Mn |
| Mar 31, 2025 | 173.80 Mn |
| Dec 31, 2024 | 184.50 Mn |
| Sep 30, 2024 | 201.70 Mn |
| Jun 30, 2024 | 206.70 Mn |
| Mar 31, 2024 | 254.30 Mn |
| Dec 31, 2023 | 220.68 Mn |
| Sep 30, 2023 | 358.88 Mn |
| Jun 30, 2023 | 297.10 Mn |
| Mar 31, 2023 | 306.65 Mn |
| Dec 31, 2022 | 338.20 Mn |
| Sep 30, 2022 | 297.60 Mn |
| Jun 30, 2022 | 270.61 Mn |
| Mar 31, 2022 | 250.59 Mn |
| Dec 31, 2021 | 234.36 Mn |
| Sep 30, 2021 | 272.98 Mn |
API Access
IHS Holding 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=IHS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "IHS", "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=IHS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();