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Caterpillar (CAT) Operating Expenses (2016 - 2026)

Caterpillar's Operating Expenses history spans 18 years, with the latest figure at $14.3 billion for Q1 2026.

  • Quarterly Operating Expenses rose 22.79% to $14.3 billion in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $59.1 billion through Mar 2026, up 15.59% year-over-year, with the annual reading at $56.4 billion for FY2025, 9.09% up from the prior year.
  • Operating Expenses came in at $14.3 billion for Q1 2026, down from $16.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $16.5 billion in Q4 2025 to a low of $11.7 billion in Q1 2025.
  • The 5-year median for Operating Expenses is $13.3 billion (2024), against an average of $13.4 billion.
  • Year-over-year, Operating Expenses fell 6.58% in 2023 and then rose 23.94% in 2025.
  • Caterpillar's Operating Expenses stood at $14.9 billion in 2022, then dropped by 6.58% to $13.9 billion in 2023, then dropped by 4.63% to $13.3 billion in 2024, then grew by 23.94% to $16.5 billion in 2025, then decreased by 13.01% to $14.3 billion in 2026.
  • Per Business Quant, the three most recent readings for CAT's Operating Expenses are $14.3 billion (Q1 2026), $16.5 billion (Q4 2025), and $14.6 billion (Q3 2025).