Pinterest (PINS) Cost of Revenue (2018 - 2026)
Quarterly Cost of Revenue fell 6.05% to $238.6 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $1.4 billion through Mar 2026, up 46.04% year-over-year, with the annual reading at $1.2 billion for FY2025, 15.31% up from the prior year.
Pinterest filings provide 9 years of Cost of Revenue readings, the most recent being $238.6 million for Q1 2026.
- Cost of Revenue hit $238.6 million in Q1 2026 for Pinterest, down from $552.1 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $552.1 million in Q4 2025 and bottomed at $146.1 million in Q1 2022.
- Average Cost of Revenue over 5 years is $239.4 million, with a median of $201.1 million recorded in 2023.
- The largest annual shift saw Cost of Revenue plummeted 43.87% in 2023 before it soared 103.66% in 2025.
- Pinterest's Cost of Revenue stood at $317.3 million in 2022, then plummeted by 43.87% to $178.1 million in 2023, then skyrocketed by 52.22% to $271.1 million in 2024, then soared by 103.66% to $552.1 million in 2025, then crashed by 56.79% to $238.6 million in 2026.
- Per Business Quant, the three most recent readings for PINS's Cost of Revenue are $238.6 million (Q1 2026), $552.1 million (Q4 2025), and $296.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Meta Platforms | 1,539.18 Bn | 1,458.00 Bn | 46.09 Bn | 10.22 Bn |
| 2 | Spotify Technology | 118.05 Bn | 107.81 Bn | 1.75 Bn | 3.56 Bn |
| 3 | 28.76 Bn | 25.99 Bn | 511.94 Mn | 151.47 Mn | |
| 4 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 103.80 Mn |
| 5 | 12.01 Bn | 10.71 Bn | 768.96 Mn | 238.55 Mn | |
| 6 | Strive | 9.69 Bn | 9.62 Bn | - | - |
| 7 | Snap | 9.60 Bn | 6.78 Bn | 1.29 Bn | 239.01 Mn |
| 8 | Match | 8.34 Bn | 7.31 Bn | 653.28 Mn | 210.66 Mn |
| 9 | Baidu | 5.09 Bn | -5.87 Bn | 1.88 Mn | 2.84 Bn |
| 10 | Iac | 3.16 Bn | 2.06 Bn | 289.86 Mn | 133.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | 171.00 Mn |
| Sep 30, 2023 | 171.00 Mn |
| Jun 30, 2023 | 168.74 Mn |
| Jun 30, 2023 | 168.74 Mn |
| Mar 31, 2023 | 201.13 Mn |
| Mar 31, 2023 | 201.13 Mn |
| Dec 31, 2022 | 317.27 Mn |
| Dec 31, 2022 | 317.27 Mn |
| Sep 30, 2022 | 182.60 Mn |
| Sep 30, 2022 | 182.60 Mn |
| Jun 30, 2022 | 164.90 Mn |
| Jun 30, 2022 | 164.90 Mn |
| Mar 31, 2022 | 146.07 Mn |
| Mar 31, 2022 | 146.07 Mn |
| Dec 31, 2021 | 253.21 Mn |
| Dec 31, 2021 | 253.21 Mn |
| Sep 30, 2021 | 156.09 Mn |
| Sep 30, 2021 | 156.09 Mn |
| Jun 30, 2021 | 127.82 Mn |
| Jun 30, 2021 | 127.82 Mn |
| Mar 31, 2021 | 133.47 Mn |
| Mar 31, 2021 | 133.47 Mn |
| Dec 31, 2020 | 127.32 Mn |
| Dec 31, 2020 | 127.32 Mn |
| Sep 30, 2020 | 112.84 Mn |
| Sep 30, 2020 | 112.84 Mn |
| Jun 30, 2020 | 108.26 Mn |
| Jun 30, 2020 | 108.26 Mn |
| Mar 31, 2020 | 117.03 Mn |
| Mar 31, 2020 | 117.03 Mn |
| Dec 31, 2019 | 96.27 Mn |
| Dec 31, 2019 | 96.27 Mn |
| Sep 30, 2019 | 83.52 Mn |
| Sep 30, 2019 | 83.52 Mn |
| Jun 30, 2019 | 105.42 Mn |
| Jun 30, 2019 | 105.42 Mn |
| Mar 31, 2019 | 76.39 Mn |
| Mar 31, 2019 | 76.39 Mn |
| Dec 31, 2018 | 72.29 Mn |
| Dec 31, 2018 | 72.29 Mn |
| Sep 30, 2018 | 66.72 Mn |
| Sep 30, 2018 | 66.72 Mn |
| Jun 30, 2018 | 57.97 Mn |
| Jun 30, 2018 | 57.97 Mn |
| Mar 31, 2018 | 55.77 Mn |
| Mar 31, 2018 | 55.77 Mn |