Nutanix (NTNX) Cost of Revenue (2015 - 2026)
Nutanix's (NTNX) quarterly Cost of Revenue came in at $92.3 million in Q2 2026, up 11.19% year-on-year from $83.0 million in Q2 2025, and up 1.1% on a QoQ basis from $91.3 million in Q1 2026.
Nutanix (NTNX) Cost of Revenue (2015 - 2026) Analysis & Trends
Nutanix (NTNX) has 12 years of Cost of Revenue data on file, last reported at $92.3 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 11.19% year-over-year to $92.3 million in Q2 2026; TTM through Apr 2026 was $354.9 million, a 6.91% increase from a year earlier, with the FY2025 full-year figure at $334.8 million, up 3.29% from the prior year.
- Cost of Revenue for Q2 2026 stood at $92.3 million, up from $91.3 million in the prior quarter.
- Over the last five years, Cost of Revenue for NTNX reached as high as $92.3 million in Q2 2026 and fell as low as $79.6 million in Q2 2024.
- Historically, Cost of Revenue has averaged $83.4 million across 5 years, with a median of $82.5 million in 2022.
- Across the five-year window, Cost of Revenue increased 12.71% in 2022 and declined 6.05% in 2024, its largest moves.
- Year by year, Cost of Revenue stood at $82.5 million in 2022, then decreased by 0.65% to $82.0 million in 2023, then increased by 0.87% to $82.7 million in 2024, then advanced by 5.81% to $87.5 million in 2025, then gained by 5.5% to $92.3 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $92.3 million in Q2 2026, $91.3 million in Q1 2026, and $87.5 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 26.83 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 71.28 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | - |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 215.80 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 685.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 311.70 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 364.50 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 184.16 Mn |
| 10 | Nutanix | 15.69 Mn | -2.00 Bn | 610.79 Mn | 92.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 92.28 Mn |
| Apr 30, 2026 | 92.28 Mn |
| Jan 31, 2026 | 91.27 Mn |
| Jan 31, 2026 | 91.27 Mn |
| Oct 31, 2025 | 87.47 Mn |
| Oct 31, 2025 | 87.47 Mn |
| Jul 31, 2025 | 83.83 Mn |
| Jul 31, 2025 | 83.83 Mn |
| Apr 30, 2025 | 82.99 Mn |
| Apr 30, 2025 | 82.99 Mn |
| Jan 31, 2025 | 85.29 Mn |
| Jan 31, 2025 | 85.29 Mn |
| Oct 31, 2024 | 82.67 Mn |
| Oct 31, 2024 | 82.67 Mn |
| Jul 31, 2024 | 80.98 Mn |
| Jul 31, 2024 | 80.98 Mn |
| Apr 30, 2024 | 79.62 Mn |
| Apr 30, 2024 | 79.62 Mn |
| Jan 31, 2024 | 81.56 Mn |
| Jan 31, 2024 | 81.56 Mn |