Rackspace Technology (RXT) Cost of Revenue (2019 - 2026)

Rackspace Technology (RXT) posted Cost of Revenue of $559.0 million for Q1 2026, down 0.6% sequentially from $562.4 million in Q4 2025, and up 3.81% YoY from $538.5 million in Q1 2025.

Rackspace Technology (RXT) Cost of Revenue (2019 - 2026) Analysis & Trends

Rackspace Technology (RXT) has 8 years of Cost of Revenue data on file, last reported at $559.0 million in Q1 2026.

  • Quarterly Cost of Revenue rose 3.81% year-over-year to $559.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.2 billion (up 0.71% YoY) and the FY2025 annual result came in at $2.2 billion, down 1.11% from the prior year.
  • Cost of Revenue slipped to $559.0 million in Q1 2026 per RXT's latest filing, from $562.4 million in the prior quarter.
  • The five-year high for Cost of Revenue was $593.2 million in Q2 2023, with the low at $537.1 million in Q2 2025.
  • Average Cost of Revenue over 5 years is $560.9 million, with a median of $558.0 million recorded in 2024.
  • Year-over-year, Cost of Revenue rose 12.01% in 2022 and slipped 7.25% in 2024.
  • Rackspace Technology's Cost of Revenue stood at $587.2 million in 2022, then fell by 3.68% to $565.6 million in 2023, then fell by 2.07% to $553.9 million in 2024, then gained by 1.53% to $562.4 million in 2025, then fell by 0.6% to $559.0 million in 2026.
  • Business Quant data shows RXT's Cost of Revenue at $559.0 million in Q1 2026, $562.4 million in Q4 2025, and $541.3 million in Q3 2025.

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