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

M has reported Cost of Revenue for 17 years, with the latest figure at $827.8 million in Q2 2026.

• Cost of Revenue for Q2 2026 came in at $827.8 million, down 5.5% year-over-year; the trailing twelve-month figure through Jun 2026 was $3.3 billion (changed 0.18% YoY), and the FY2025 annual result was $3.4 billion, up 2.87% from the prior year.
• Cost of Revenue advanced to $827.8 million in Q2 2026, 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.
• The widest annual swing landed in 2023, when Cost of Revenue dropped 22.73%; it then rose 24.75% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $942.5 million in 2022, then dropped by 22.73% to $728.2 million in 2023, then rose by 24.75% to $908.5 million in 2024, then advanced by 4.26% to $947.2 million in 2025, then retreated by 12.61% to $827.8 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $827.8 million in Q2 2026, $718.1 million in Q1 2026, and $947.2 million in Q4 2025.