Pinterest (PINS) Cost of Revenue (2018 - 2026)

Pinterest (PINS) reported Cost of Revenue of $238.6 million for Q1 2026, down 6.05% on a YoY basis from $253.9 million in Q1 2025, and down 56.79% quarter-over-quarter from $552.1 million in Q4 2025.

Pinterest (PINS) Cost of Revenue (2018 - 2026) Analysis & Trends

Pinterest has reported Cost of Revenue for 9 years, with the latest figure at $238.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue fell 6.05% year-over-year to $238.6 million; the trailing twelve-month figure through Mar 2026 stood at $1.4 billion (up 46.04% YoY), and the FY2025 full-year result was $1.2 billion, up 15.31% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $238.6 million, down from $552.1 million in the prior quarter.
  • The five-year high for Cost of Revenue was $552.1 million in Q4 2025, with the low at $146.1 million in Q1 2022.
  • Historically, Cost of Revenue has averaged $239.4 million across 5 years, with a median of $201.1 million in 2023.
  • Annual changes were most pronounced in 2023 — Cost of Revenue plunged 43.87% — and 2025, when it surged 103.66%.
  • Pinterest's Cost of Revenue stood at $317.3 million in 2022, then tumbled by 43.87% to $178.1 million in 2023, then soared by 52.22% to $271.1 million in 2024, then surged by 103.66% to $552.1 million in 2025, then sank by 56.79% to $238.6 million in 2026.
  • The last three Cost of Revenue figures came in at $238.6 million (Q1 2026), $552.1 million (Q4 2025), and $296.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Nebius 1,942,920.03 Bn 1,942,920.03 Bn 295.20 Mn 103.80 Mn
2 Alphabet 4,333.14 Bn 4,117.52 Bn 102.29 Bn 7.61 Bn
3 Meta Platforms 1,436.75 Bn 1,355.57 Bn 46.09 Bn 10.22 Bn
4 Spotify Technology 115.76 Bn 105.52 Bn 1.75 Bn 3.56 Bn
5 Reddit 31.07 Bn 28.30 Bn 511.94 Mn 151.47 Mn
6 Pinterest 12.92 Bn 11.62 Bn 768.96 Mn 238.55 Mn
7 Kanzhun 12.73 Bn 10.63 Bn 255.62 Bn 43.23 Bn
8 Snap 8.83 Bn 6.00 Bn 1.29 Bn 239.01 Mn
9 Match 8.15 Bn 7.13 Bn 653.28 Mn 210.66 Mn
10 Zillow 7.57 Bn 6.79 Bn 519.00 Mn 189.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 238.55 Mn
Mar 31, 2026 238.55 Mn
Dec 31, 2025 552.10 Mn
Dec 31, 2025 552.10 Mn
Sep 30, 2025 296.68 Mn
Sep 30, 2025 296.68 Mn
Jun 30, 2025 313.08 Mn
Jun 30, 2025 313.08 Mn
Mar 31, 2025 253.92 Mn
Mar 31, 2025 253.92 Mn
Dec 31, 2024 271.10 Mn
Dec 31, 2024 271.10 Mn
Sep 30, 2024 249.03 Mn
Sep 30, 2024 249.03 Mn
Jun 30, 2024 184.86 Mn
Jun 30, 2024 184.86 Mn
Mar 31, 2024 181.09 Mn
Mar 31, 2024 181.09 Mn
Dec 31, 2023 178.10 Mn
Dec 31, 2023 178.10 Mn