Vertiv Holdings (VRT) Cost of Revenue (2019 - 2026)
Vertiv Holdings (VRT) posted Cost of Revenue of $2.04 billion for Q2 2026, up 17.1% from $1.74 billion a year earlier and up 23.6% from the prior quarter.
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Analysis
Vertiv Holdings (VRT) Cost of Revenue (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Vertiv Holdings was $7.11 billion, up 20.9% year-over-year; for FY2025, it came in at $6.51 billion, up 28.3% from FY2024.
- Annual Cost of Revenue has increased for five consecutive years, with a five-year compound annual growth rate of 17.6% (FY2020 to FY2025).
- In prior years, Vertiv Holdings' Cost of Revenue was $5.08 billion in FY2024 (+13.8%), $4.46 billion in FY2023 (+9.5%), $4.08 billion in FY2022 (+17.3%) and $3.48 billion in FY2021 (+20.0%).
- The Q2 2026 figure stands as the highest quarterly Cost of Revenue in data going back to Q1 2019.
- On a year-over-year basis, Cost of Revenue has increased in each of the last 24 quarters, with growth averaging 24.7% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 3.4% in Q4 2023 to 43.7% in Q2 2025.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $1.65 billion (Q1 2026), $1.76 billion (Q4 2025) and $1.67 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 353.02 Bn | 324.72 Bn | 7.76 Bn | 12.78 Bn |
| 2 | Amphenol | 210.03 Bn | 204.61 Bn | 3.55 Bn | 5.21 Bn |
| 3 | Deere | 174.76 Bn | 142.85 Bn | 4.66 Bn | 7.95 Bn |
| 4 | Eaton | 166.13 Bn | 163.32 Bn | 2.86 Bn | 5.68 Bn |
| 5 | Parker-Hannifin | 120.85 Bn | 118.98 Bn | 2.25 Bn | 3.51 Bn |
| 6 | Emerson Electric | 91.08 Bn | 83.82 Bn | 2.66 Bn | 2.22 Bn |
| 7 | Vertiv Holdings | 90.77 Bn | 81.39 Bn | 1.23 Bn | 2.04 Bn |
| 8 | 3M | 84.18 Bn | 65.58 Bn | 2.68 Bn | 3.82 Bn |
| 9 | Illinois Tool Works | 76.08 Bn | 72.63 Bn | 1.90 Bn | 2.40 Bn |
| 10 | Cummins | 72.83 Bn | 68.90 Bn | 2.47 Bn | 6.99 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.04 Bn |
| Mar 31, 2026 | 1.65 Bn |
| Dec 31, 2025 | 1.76 Bn |
| Sep 30, 2025 | 1.67 Bn |
| Jun 30, 2025 | 1.74 Bn |
| Mar 31, 2025 | 1.35 Bn |
| Dec 31, 2024 | 1.48 Bn |
| Sep 30, 2024 | 1.32 Bn |
| Jun 30, 2024 | 1.21 Bn |
| Mar 31, 2024 | 1.07 Bn |
| Dec 31, 2023 | 1.18 Bn |
| Sep 30, 2023 | 1.12 Bn |
| Jun 30, 2023 | 1.14 Bn |
| Mar 31, 2023 | 1.03 Bn |
| Dec 31, 2022 | 1.14 Bn |
| Sep 30, 2022 | 1.05 Bn |
| Jun 30, 2022 | 1.03 Bn |
| Mar 31, 2022 | 852.80 Mn |
| Dec 31, 2021 | 1.04 Bn |
| Sep 30, 2021 | 847.20 Mn |
API Access
Vertiv Holdings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VRT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "VRT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VRT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();