KPIs & Operating Metrics(New)
Growth Metrics

Waters (WAT) Cost of Revenue (2016 - 2026)

Waters has reported Cost of Revenue over the past 18 years, most recently at $155.0 million for Q2 2026.

  • For Q2 2026, Cost of Revenue fell 8.28% year-over-year to $155.0 million; the TTM value through Apr 2026 reached $835.5 million, up 13.18%, while the annual FY2025 figure was $1.3 billion, 7.38% up from the prior year.
  • Cost of Revenue for Q2 2026 was $155.0 million at Waters, down from $362.9 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $362.9 million in Q4 2025 and troughed at $108.3 million in Q3 2024.
  • A 5-year average of $245.3 million and a median of $285.7 million in 2022 define the central range for Cost of Revenue.
  • Biggest five-year swings in Cost of Revenue: plummeted 62.84% in 2024 and later skyrocketed 78.36% in 2025.
  • Year by year, Cost of Revenue stood at $348.2 million in 2022, then decreased by 8.57% to $318.4 million in 2023, then grew by 9.47% to $348.5 million in 2024, then grew by 4.12% to $362.9 million in 2025, then crashed by 57.28% to $155.0 million in 2026.
  • Business Quant data shows Cost of Revenue for WAT at $155.0 million in Q2 2026, $362.9 million in Q4 2025, and $117.2 million in Q3 2025.