Waters (WAT) Cost of Revenue (2009 - 2026)

Waters' Cost of Revenue history runs 18 years deep, the most recent figure standing at $155.0 million for Q2 2026.

• In Q2 2026, Cost of Revenue fell 8.28% year-over-year to $155.0 million; the TTM figure through Apr 2026 stood at $835.5 million (up 13.18% YoY), while the FY2025 annual figure was $1.3 billion, up 7.38% from the prior year.
• Cost of Revenue was $155.0 million for Q2 2026 at Waters, down from $362.9 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $362.9 million in Q4 2025 to a low of $108.3 million in Q3 2024.
• Historically, Cost of Revenue has averaged $245.3 million across 5 years, with a median of $285.7 million in 2022.
• The sharpest annual moves came in 2024 and 2025: Cost of Revenue sank 62.84% in 2024, then jumped 78.36% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $348.2 million in 2022, then fell by 8.57% to $318.4 million in 2023, then increased by 9.47% to $348.5 million in 2024, then advanced by 4.12% to $362.9 million in 2025, then tumbled by 57.28% to $155.0 million in 2026.
• The last three Cost of Revenue figures came in at $155.0 million (Q2 2026), $362.9 million (Q4 2025), and $117.2 million (Q3 2025), per Business Quant data.