Nexstar Media (NXST) Cost of Revenue (2011 - 2026)
Nexstar Media's Cost of Revenue was $929 million in Q2 2026, up 66.8% from $557 million a year earlier and up 52.0% from the prior quarter.
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Analysis
Nexstar Media (NXST) Cost of Revenue (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nexstar Media's Cost of Revenue was $2.67 billion through Jun 30, 2026, up 19.7% year-over-year; for FY2025, it came in at $2.24 billion, up 0.6% from FY2024.
- Cost of Revenue has now increased for 16 consecutive years, with a five-year compound annual growth rate of 5.4% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $2.22 billion in FY2024 (+3.2%), $2.15 billion in FY2023 (+7.4%), $2.01 billion in FY2022 (+7.7%) and $1.86 billion in FY2021 (+8.2%).
- The Q2 2026 figure marks the highest quarterly Cost of Revenue in data going back to Q1 2011.
- Compared with a year earlier, Cost of Revenue has increased for three straight quarters, with growth averaging 11.0% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was Q2 2026 (growth of 66.8%); the worst was Q3 2025 (a decline of 0.2%).
- Per Business Quant data, NXST's Cost of Revenue in the three quarters before Q2 2026 was $611 million (Q1 2026), $565 million (Q4 2025) and $562 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.60 Bn | 63.26 Bn | 4.10 Bn | 4.62 Bn |
| 2 | Fox | 26.84 Bn | 12.75 Bn | - | - |
| 3 | Omnicom | 20.35 Bn | 3.05 Bn | 1.30 Bn | 5.26 Bn |
| 4 | News | 15.97 Bn | 8.16 Bn | - | - |
| 5 | Paramount Skydance | 10.53 Bn | 8.45 Bn | - | - |
| 6 | Pearson | 10.25 Bn | 7.39 Bn | - | - |
| 7 | New York Times | 10.06 Bn | 7.55 Bn | 394.61 Mn | 367.84 Mn |
| 8 | Sirius Xm Holdings | 8.67 Bn | 8.25 Bn | 1.44 Bn | 722.00 Mn |
| 9 | 36Kr Holdings | 5.97 Bn | 5.91 Bn | - | - |
| 10 | Nexstar Media | 4.79 Bn | 3.59 Bn | 1.06 Bn | 929.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 929.00 Mn |
| Mar 31, 2026 | 611.00 Mn |
| Dec 31, 2025 | 565.00 Mn |
| Sep 30, 2025 | 562.00 Mn |
| Jun 30, 2025 | 557.00 Mn |
| Mar 31, 2025 | 551.00 Mn |
| Dec 31, 2024 | 558.00 Mn |
| Sep 30, 2024 | 563.00 Mn |
| Jun 30, 2024 | 552.00 Mn |
| Mar 31, 2024 | 548.00 Mn |
| Dec 31, 2023 | 540.00 Mn |
| Sep 30, 2023 | 537.00 Mn |
| Jun 30, 2023 | 537.00 Mn |
| Mar 31, 2023 | 538.00 Mn |
| Dec 31, 2022 | 502.00 Mn |
| Sep 30, 2022 | 511.00 Mn |
| Jun 30, 2022 | 502.00 Mn |
| Mar 31, 2022 | 490.00 Mn |
| Dec 31, 2021 | 470.20 Mn |
| Sep 30, 2021 | 480.10 Mn |
API Access
Nexstar Media Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NXST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NXST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NXST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();