M (MHO) Cost of Revenue (2010 - 2026)

M (MHO) has reported Cost of Revenue for 17 consecutive years, with $827.8 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Cost of Revenue fell 5.5% year-over-year to $827.8 million in Q2 2026; TTM through Jun 2026 was $3.3 billion, a 0.18% change from a year earlier, with the FY2025 full-year figure at $3.4 billion, up 2.87% from the prior year.
• Cost of Revenue was $827.8 million for Q2 2026 at M, up from $718.1 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $947.2 million in Q4 2025 and troughed at $647.7 million in Q1 2022.
• A 5-year average of $797.5 million and a median of $765.3 million in 2023 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue declined 22.73% in 2023 and gained 24.75% in 2024, its largest moves.
• Over 5 years, Cost of Revenue stood at $942.5 million in 2022, then decreased by 22.73% to $728.2 million in 2023, then grew by 24.75% to $908.5 million in 2024, then rose by 4.26% to $947.2 million in 2025, then declined by 12.61% to $827.8 million in 2026.
• The last three Cost of Revenue figures came in at $827.8 million (Q2 2026), $718.1 million (Q1 2026), and $947.2 million (Q4 2025), per Business Quant data.