Vale (VALE) Cost of Revenue (2009 - 2025)

Vale has disclosed Cost of Revenue across 17 years of filings, most recently posting $6.6 billion for Q3 2025.

• Cost of Revenue for Q3 2025 came in at $6.6 billion, up 5.59% year-over-year; the trailing twelve-month figure through Sep 2025 was $24.5 billion (down 1.56% YoY), and the FY2024 annual result was $24.3 billion, up 788.5% from the prior year.
• Cost of Revenue came in at $6.6 billion for Q3 2025 at Vale, up from $6.1 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $7.1 billion in Q4 2022 to a low of $4.3 billion in Q1 2021.
• The 5-year median for Cost of Revenue is $6.1 billion (2025), against an average of $5.9 billion.
• Across the five-year window, Cost of Revenue jumped 51.3% in 2021 and fell 8.12% in 2024, its largest moves.
• Vale's Cost of Revenue stood at $6.5 billion in 2021, then climbed by 10.06% to $7.1 billion in 2022, then retreated by 3.67% to $6.9 billion in 2023, then decreased by 8.12% to $6.3 billion in 2024, then rose by 4.84% to $6.6 billion in 2025.
• The last three Cost of Revenue figures came in at $6.6 billion (Q3 2025), $6.1 billion (Q2 2025), and $5.5 billion (Q1 2025), per Business Quant data.