On Holding AG (ONON) Cost of Revenue (2020 - 2026)

On Holding AG (ONON) recorded quarterly Cost of Revenue of $380.0 million in Q1 2026, up 13.13% quarter-over-quarter from $335.9 million in Q4 2025, and up 17.3% on a YoY basis from $324.0 million in Q1 2025.

On Holding AG (ONON) Cost of Revenue (2020 - 2026) Analysis & Trends

On Holding AG's Cost of Revenue history runs 7 years deep, the most recent figure standing at $380.0 million for Q1 2026.

  • In Q1 2026, Cost of Revenue rose 17.3% year-over-year to $380.0 million; the TTM figure through Mar 2026 stood at $1.4 billion (up 24.63% YoY), while the FY2025 annual figure was $1.4 billion, up 34.55% from the prior year.
  • Cost of Revenue was $380.0 million for Q1 2026 at On Holding AG, up from $335.9 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $380.0 million in Q1 2026 to a low of $123.0 million in Q1 2022.
  • Historically, Cost of Revenue has averaged $243.3 million across 5 years, with a median of $234.8 million in 2024.
  • The sharpest annual moves came in 2022 and 2026: Cost of Revenue jumped 86.72% in 2022, then grew 17.3% in 2026.
  • A 5-year view of Cost of Revenue shows it stood at $158.0 million in 2022, then increased by 26.23% to $199.4 million in 2023, then jumped by 31.54% to $262.3 million in 2024, then advanced by 28.06% to $335.9 million in 2025, then gained by 13.13% to $380.0 million in 2026.
  • The last three Cost of Revenue figures came in at $380.0 million (Q1 2026), $335.9 million (Q4 2025), and $340.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Birkenstock Holding 102.63 Bn 102.39 Bn 390.51 Mn 333.40 Mn
2 Nike 65.09 Bn 57.03 Bn 4.53 Bn 6.75 Bn
3 Deckers Outdoor 16.02 Bn 13.93 Bn 1.17 Bn 786.19 Mn
4 Crocs 6.13 Bn 6.00 Bn 522.95 Mn 398.51 Mn
5 Steven Madden 3.14 Bn 3.10 Bn 357.42 Mn 295.68 Mn
6 Wolverine World Wide 1.98 Bn 1.79 Bn 243.40 Mn 274.10 Mn
7 On Holding AG 1.66 Bn 264.30 Mn 682.30 Mn 380.04 Mn
8 Forward Industries 381.04 Mn 355.65 Mn 16.85 Mn 535,363.00
9 Designer Brands 349.93 Mn 299.82 Mn 315.32 Mn 342.39 Mn
10 Weyco 343.83 Mn 246.40 Mn 33.84 Mn 42.96 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 380.04 Mn
Mar 31, 2026 380.04 Mn
Dec 31, 2025 335.94 Mn
Dec 31, 2025 335.94 Mn
Sep 30, 2025 340.15 Mn
Sep 30, 2025 340.15 Mn
Jun 30, 2025 348.36 Mn
Jun 30, 2025 348.36 Mn
Mar 31, 2025 324.00 Mn
Mar 31, 2025 324.00 Mn
Dec 31, 2024 262.32 Mn
Dec 31, 2024 262.32 Mn
Sep 30, 2024 289.13 Mn
Sep 30, 2024 289.13 Mn
Jun 30, 2024 251.46 Mn
Jun 30, 2024 251.46 Mn
Mar 31, 2024 234.75 Mn
Mar 31, 2024 234.75 Mn
Dec 31, 2023 199.43 Mn
Dec 31, 2023 199.43 Mn