Caterpillar Inc (CAT) Operating Expenses (2009 - 2026)

Caterpillar (CAT) has reported Operating Expenses for 18 consecutive years, with $14.3 billion the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses rose 22.79% year-over-year to $14.3 billion; the TTM figure through Mar 2026 stood at $59.1 billion (up 15.59% YoY), while the FY2025 annual figure was $56.4 billion, up 9.09% from the prior year.
• Operating Expenses came in at $14.3 billion for Q1 2026 at Caterpillar, down from $16.5 billion in the prior quarter.
• The five-year high for Operating Expenses was $16.5 billion in Q4 2025, with the low at $11.7 billion in Q1 2025.
• Average Operating Expenses over 5 years is $13.4 billion, with a median of $13.3 billion recorded in 2024.
• Across the five-year window, Operating Expenses retreated 6.58% in 2023 and gained 23.94% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $14.9 billion in 2022, then decreased by 6.58% to $13.9 billion in 2023, then decreased by 4.63% to $13.3 billion in 2024, then advanced by 23.94% to $16.5 billion in 2025, then fell by 13.01% to $14.3 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $14.3 billion, $16.5 billion, and $14.6 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.