Cost of revenue · 2015–2025

Vale cost of revenue

$24.9B+2.8% · FY2025

Vale (VALE) reported $24.9B in cost of revenue for fiscal 2025, +2.8% year on year.

$18.8B2015$17.7B2016$21.0B2017$22.1B2018$19.3B2019$17.6B2020$21.7B2021$24.0B2022$24.1B2023$24.3B2024$24.9B2025
Vale — Cost of revenue, 2015–2025
Fiscal yearCost of revenueChangeFiling
FY20252025-12-31$24.9B+2.8%Open →
FY20242024-12-31$24.3B+0.7%Open →
FY20232023-12-31$24.1B+0.3%Open →
FY20222022-12-31$24.0B+10.6%Open →
FY20212021-12-31$21.7B+23.7%Open →
FY20202020-12-31$17.6B−9.1%Open →
FY20192019-12-31$19.3B−12.7%Open →
FY20182018-12-31$22.1B+5.1%Open →
FY20172017-12-31$21.0B+19.2%Open →
FY20162016-12-31$17.7B−5.9%Open →
FY20152015-12-31$18.8B—Open →

Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2015–2025 compound annual growth +2.9%

Figures are reported under IFRS, in US dollars.

Cost of revenue at companies of similar size

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Vale cost of revenue |url=https://companiesranked.com/en/company/vale/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Vale cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/vale/cost-of-revenue

BibTeX

@misc{companiesranked-en-company-vale-cost-of-revenue-2026,
  author       = {{CompaniesRanked}},
  title        = {{Vale cost of revenue}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/vale/cost-of-revenue}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 20-F · 0001292814-26-001844 · March 27, 2026

{{cite web |title=Vale cost of revenue — 20-F (0001292814-26-001844) |url=https://www.sec.gov/Archives/edgar/data/917851/000129281426001844/valeform20f_2025.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-03-27}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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