Lumen Technologies (LUMN) Cost of Revenue (2009 - 2026)
Lumen Technologies' Cost of Revenue came in at $1.43 billion for Q3 2026, down 15.8% from $1.7 billion a year earlier but up 1.2% from the prior quarter.
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Analysis
Lumen Technologies (LUMN) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Lumen Technologies reported Cost of Revenue of $5.91 billion, down 12.0% year-over-year; for FY2025, it was $6.64 billion, down 1.0% from FY2024.
- Cost of Revenue has declined in each of the last seven years, with a five-year compound annual growth rate of -5.8% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $6.7 billion in FY2024 (-6.2%), $7.14 billion in FY2023 (-9.2%), $7.87 billion in FY2022 (-7.3%) and $8.49 billion in FY2021 (-5.0%).
- The five-year range for quarterly Cost of Revenue is $1.42 billion (Q2 2026) to $2.09 billion (Q4 2021).
- Year-over-year, Cost of Revenue has declined for four consecutive quarters, with an average decline of 6.1% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in Q1 2025 (growth of 2.1%), and the weakest in Q3 2026 (a decline of 15.8%).
- Business Quant data shows LUMN's Cost of Revenue at $1.42 billion (Q2 2026), $1.44 billion (Q1 2026) and $1.63 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Verizon Communications | 190.79 Bn | 157.13 Bn | 27.05 Bn | 7.27 Bn |
| 2 | T-Mobile US | 173.48 Bn | 155.91 Bn | 15.13 Bn | 8.45 Bn |
| 3 | At&T | 147.74 Bn | 89.20 Bn | 26.22 Bn | 6.10 Bn |
| 4 | Grupo Televisa, S.A.B | 147.02 Bn | 147.02 Bn | 960.50 Mn | 1.53 Bn |
| 5 | Comcast | 86.74 Bn | 52.53 Bn | - | - |
| 6 | Chunghwa Telecom | 38.68 Bn | 30.69 Bn | 728.80 Mn | 1.21 Bn |
| 7 | Vodafone Group Public | 37.42 Bn | 6.82 Bn | - | - |
| 8 | EchoStar | 27.50 Bn | 8.54 Bn | 647.20 Mn | 480.41 Mn |
| 9 | Bce | 20.09 Bn | 18.08 Bn | 2.79 Bn | 1.62 Bn |
| 10 | Lumen Technologies | 4.00 Bn | -1.48 Bn | 1.28 Bn | 1.43 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.43 Bn |
| Jun 30, 2026 | 1.42 Bn |
| Mar 31, 2026 | 1.44 Bn |
| Dec 31, 2025 | 1.63 Bn |
| Sep 30, 2025 | 1.70 Bn |
| Jun 30, 2025 | 1.62 Bn |
| Mar 31, 2025 | 1.69 Bn |
| Dec 31, 2024 | 1.71 Bn |
| Sep 30, 2024 | 1.69 Bn |
| Jun 30, 2024 | 1.65 Bn |
| Mar 31, 2024 | 1.65 Bn |
| Dec 31, 2023 | 1.74 Bn |
| Sep 30, 2023 | 1.85 Bn |
| Jun 30, 2023 | 1.74 Bn |
| Mar 31, 2023 | 1.82 Bn |
| Dec 31, 2022 | 1.83 Bn |
| Sep 30, 2022 | 2.00 Bn |
| Jun 30, 2022 | 2.06 Bn |
| Mar 31, 2022 | 1.99 Bn |
| Dec 31, 2021 | 2.09 Bn |
API Access
Lumen Technologies 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=LUMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "LUMN", "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=LUMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();