Abstract. We show that the cohomology of the perfect cone (also called first Voronoi) toroidal compactification A Perf g of the moduli space of complex principally polarized abelian varieties stabilizes in close to the top degree. Moreover, we show that this stable cohomology is purely algebraic, and we compute it in degree up to 13. Our explicit computations and stabilization results apply in greater generality to various toroidal compactifications and partial compactifications, and in particular we show that the cohomology of the matroidal partial compactification A Matr g stabilizes in fixed degree, and forms a polynomial algebra. For degree up to 8, we describe explicitly the generators of the cohomology, and discuss various approaches to computing all of the stable cohomology in general.