MINISO Group Holding (MNSO) Cost of Revenue (2019 - 2025)

MINISO Group Holding (MNSO) has 7 years of Cost of Revenue data on file, last reported at $472.7 million in Q4 2025.

• Cost of Revenue for Q4 2025 came in at $472.7 million, up 38.28% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.6 billion (up 26.77% YoY), and the FY2025 annual result was $1.7 billion, up 29.74% from the prior year.
• Cost of Revenue grew to $472.7 million in Q4 2025 per MNSO's latest filing, from $450.4 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $609.9 million in Q4 2023 and troughed at $217.1 million in Q4 2022.
• A 5-year average of $327.4 million and a median of $299.7 million in 2021 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue surged 180.94% in 2023, then slumped 43.95% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $299.7 million in 2021, then dropped by 27.56% to $217.1 million in 2022, then surged by 180.94% to $609.9 million in 2023, then tumbled by 43.95% to $341.9 million in 2024, then soared by 38.28% to $472.7 million in 2025.
• Business Quant data shows MNSO's Cost of Revenue at $472.7 million in Q4 2025, $450.4 million in Q3 2025, and $386.3 million in Q2 2025.