Nice (NICE) Cost of Revenue (2009 - 2026)
Nice (NICE) posted Cost of Revenue of $555.1 million for Q2 2026, up 102.73% on a QoQ basis from $273.8 million in Q1 2026, and up 17.19% year-over-year from $473.7 million in Q2 2025.
Analysis
Nice (NICE) Cost of Revenue (2009 - 2026) Analysis & Trends
Nice has reported Cost of Revenue for 18 years, with the latest figure at $555.1 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 17.19% year-over-year to $555.1 million in Q2 2026; TTM through Jun 2026 was $2.0 billion, a 25.6% increase from a year earlier, with the FY2025 full-year figure at $989.3 million, up 8.77% from the prior year.
- Cost of Revenue was $555.1 million for Q2 2026 at Nice, up from $273.8 million in the prior quarter.
- The five-year high for Cost of Revenue was $716.6 million in Q3 2025, with the low at -$317.9 million in Q4 2022.
- Average Cost of Revenue over 5 years is $333.5 million, with a median of $273.8 million recorded in 2026.
- The sharpest annual moves came in 2023 and 2025: Cost of Revenue plunged 42.84% in 2023, then soared 110.73% in 2025.
- Over 5 years, Cost of Revenue stood at -$317.9 million in 2022, then surged by 278.42% to $567.3 million in 2023, then advanced by 19.36% to $677.1 million in 2024, then climbed by 5.83% to $716.6 million in 2025, then decreased by 22.54% to $555.1 million in 2026.
- The last three Cost of Revenue figures came in at $555.1 million (Q2 2026), $273.8 million (Q1 2026), and $716.6 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Twilio | 35.77 Bn | 33.11 Bn | 725.87 Mn | 773.22 Mn |
| 2 | Zoom Communications | 29.62 Bn | 22.37 Bn | 985.50 Mn | 291.72 Mn |
| 3 | Nice | 6.38 Bn | 6.02 Bn | 995.81 Mn | 555.10 Mn |
| 4 | RingCentral | 6.14 Bn | 6.03 Bn | 472.31 Mn | 184.70 Mn |
| 5 | Five9 | 2.49 Bn | 1.83 Bn | 166.74 Mn | 145.70 Mn |
| 6 | Bandwidth | 1.35 Bn | 1.17 Bn | 78.54 Mn | 141.35 Mn |
| 7 | Consensus Cloud Solutions | 648.68 Mn | 549.78 Mn | 73.07 Mn | 18.29 Mn |
| 8 | Ooma | 640.32 Mn | 622.79 Mn | 50.99 Mn | 32.24 Mn |
| 9 | Agora | 498.86 Mn | 423.01 Mn | 25.74 Mn | 14.68 Mn |
| 10 | 8X8 | 263.26 Mn | 168.30 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 555.10 Mn |
| Mar 31, 2026 | 273.82 Mn |
| Sep 30, 2025 | 716.61 Mn |
| Jun 30, 2025 | 473.68 Mn |
| Mar 31, 2025 | 232.08 Mn |
| Sep 30, 2024 | 677.14 Mn |
| Jun 30, 2024 | 224.78 Mn |
| Mar 31, 2024 | 222.67 Mn |
| Sep 30, 2023 | 567.30 Mn |
| Jun 30, 2023 | 189.71 Mn |
| Mar 31, 2023 | 186.60 Mn |
| Dec 31, 2022 | -317.95 Mn |
| Sep 30, 2022 | 502.71 Mn |
| Jun 30, 2022 | 331.93 Mn |
| Mar 31, 2022 | 167.00 Mn |
| Dec 31, 2021 | -280.99 Mn |
| Sep 30, 2021 | 459.21 Mn |
| Jun 30, 2021 | 298.37 Mn |
| Mar 31, 2021 | 147.86 Mn |
| Dec 31, 2020 | -269.85 Mn |