Nice (NCSYF) Cost of Revenue (2009 - 2026)
Nice (NCSYF) recorded quarterly Cost of Revenue of $185.1 million in Q1 2026, down 72.0% quarter-over-quarter from $661.1 million in Q4 2025, and up 14.66% on a YoY basis from $161.4 million in Q1 2025.
Nice (NCSYF) Cost of Revenue (2009 - 2026) Analysis & Trends
Nice's Cost of Revenue history runs 18 years deep, the most recent figure standing at $185.1 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 14.66% year-over-year to $185.1 million; the TTM figure through Mar 2026 stood at $1.5 billion (up 60.63% YoY), while the FY2025 annual figure was $989.3 million, up 8.77% from the prior year.
- Cost of Revenue was $185.1 million for Q1 2026 at Nice, down from $661.1 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $661.1 million in Q4 2025 to a low of -$233.6 million in Q4 2022.
- Historically, Cost of Revenue has averaged $258.5 million across 5 years, with a median of $169.8 million in 2025.
- Biggest YoY gain for Cost of Revenue was 19.43% in 2022; the steepest drop was 60.67% in 2022.
- A 5-year view of Cost of Revenue shows it stood at -$233.6 million in 2022, then jumped by 290.34% to $444.6 million in 2023, then rose by 4.68% to $465.4 million in 2024, then surged by 42.05% to $661.1 million in 2025, then sank by 72.0% to $185.1 million in 2026.
- The last three Cost of Revenue figures came in at $185.1 million (Q1 2026), $661.1 million (Q4 2025), and $493.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 245.77 Bn | 227.80 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Full Truck Alliance | 173.38 Bn | 170.83 Bn | - | 55.33 Mn |
| 3 | Salesforce | 149.14 Bn | 137.30 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 141.25 Bn | 140.21 Bn | 11.88 Bn | 1.33 Bn |
| 5 | Shopify | 141.09 Bn | 135.35 Bn | 1.55 Bn | 1.62 Bn |
| 6 | ServiceNow | 109.96 Bn | 104.78 Bn | 2.83 Bn | 940.00 Mn |
| 7 | Cadence Design Systems | 104.55 Bn | 103.15 Bn | 1.26 Bn | 211.49 Mn |
| 8 | Adobe | 95.76 Bn | 88.87 Bn | 5.73 Bn | 1.71 Bn |
| 9 | Automatic Data Processing | 93.36 Bn | 90.13 Bn | 2.87 Bn | 3.07 Bn |
| 10 | Nice | - | - | 494.80 Mn | 185.11 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 185.11 Mn |
| Mar 31, 2026 | 185.11 Mn |
| Dec 31, 2025 | 661.13 Mn |
| Dec 31, 2025 | 661.13 Mn |
| Sep 30, 2025 | 493.10 Mn |
| Sep 30, 2025 | 493.10 Mn |
| Jun 30, 2025 | 169.80 Mn |
| Jun 30, 2025 | 169.80 Mn |
| Mar 31, 2025 | 161.43 Mn |
| Mar 31, 2025 | 161.43 Mn |
| Sep 30, 2024 | 465.44 Mn |
| Sep 30, 2024 | 465.44 Mn |
| Jun 30, 2024 | 157.65 Mn |
| Jun 30, 2024 | 157.65 Mn |
| Mar 31, 2024 | 155.02 Mn |
| Mar 31, 2024 | 155.02 Mn |
| Sep 30, 2023 | 444.61 Mn |
| Sep 30, 2023 | 444.61 Mn |
| Jun 30, 2023 | 151.96 Mn |
| Jun 30, 2023 | 151.96 Mn |