Nutanix (NTNX) Cost of Revenue (2015 - 2026)
Nutanix (NTNX) posted quarterly Cost of Revenue of $92.3 million for Q2 2026, up 11.19% year-over-year from $83.0 million in Q2 2025, and up 1.1% quarter-over-quarter from $91.3 million in Q1 2026.
Nutanix (NTNX) Cost of Revenue (2015 - 2026) Analysis & Trends
Nutanix (NTNX) has reported Cost of Revenue for 12 consecutive years, with $92.3 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Cost of Revenue rose 11.19% year-over-year to $92.3 million; the TTM figure through Apr 2026 stood at $354.9 million (up 6.91% YoY), while the FY2025 annual figure was $334.8 million, up 3.29% from the prior year.
- Cost of Revenue improved to $92.3 million in Q2 2026 per NTNX's latest filing, from $91.3 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $92.3 million in Q2 2026 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Cost of Revenue gained 12.71% — and 2024, when it retreated 6.05%.
- Nutanix's Cost of Revenue stood at $82.5 million in 2022, then fell by 0.65% to $82.0 million in 2023, then climbed by 0.87% to $82.7 million in 2024, then rose by 5.81% to $87.5 million in 2025, then increased by 5.5% to $92.3 million in 2026.
- Business Quant data shows NTNX's Cost of Revenue at $92.3 million in Q2 2026, $91.3 million in Q1 2026, and $87.5 million in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Nutanix | 17.48 Bn | 15.46 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 |