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 | 31.07 Bn | 28.30 Bn | 511.94 Mn | 151.47 Mn | |
| 6 | 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| 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 |