Danaher (DHR) Operating Expenses (2009 - 2026)
Danaher (DHR) recorded quarterly Operating Expenses of $2.2 billion in Q1 2026, down 8.81% quarter-over-quarter from $2.5 billion in Q4 2025, and little changed on a YoY basis from $2.2 billion in Q1 2025.
Danaher (DHR) Operating Expenses (2009 - 2026) Analysis & Trends
Danaher's Operating Expenses history runs 18 years deep, the most recent figure standing at $2.2 billion for Q1 2026.
- In Q1 2026, Operating Expenses changed 0.45% year-over-year to $2.2 billion; the TTM figure through Mar 2026 stood at $9.8 billion (up 4.66% YoY), while the FY2025 annual figure was $9.8 billion, up 5.24% from the prior year.
- Operating Expenses was $2.2 billion for Q1 2026 at Danaher, down from $2.5 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.8 billion in Q2 2025 to a low of $1.0 billion in Q4 2022.
- Historically, Operating Expenses has averaged $2.3 billion across 5 years, with a median of $2.4 billion in 2025.
- Biggest YoY gain for Operating Expenses was 136.17% in 2023; the steepest drop was 18.65% in 2023.
- A 5-year view of Operating Expenses shows it stood at $1.0 billion in 2022, then soared by 136.17% to $2.4 billion in 2023, then rose by 0.94% to $2.5 billion in 2024, then decreased by 0.04% to $2.5 billion in 2025, then retreated by 8.81% to $2.2 billion in 2026.
- The last three Operating Expenses figures came in at $2.2 billion (Q1 2026), $2.5 billion (Q4 2025), and $2.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,529.42 Bn | 30,528.96 Bn | 1.11 Bn | 1.31 Bn |
| 2 | Thermo Fisher Scientific | 183.75 Bn | 180.50 Bn | 7.74 Bn | 9.14 Bn |
| 3 | Danaher | 133.13 Bn | 127.43 Bn | 3.59 Bn | 2.25 Bn |
| 4 | Idexx Laboratories | 46.14 Bn | 45.94 Bn | 722.74 Mn | 360.15 Mn |
| 5 | Agilent Technologies | 38.20 Bn | 36.39 Bn | 990.00 Mn | 1.44 Bn |
| 6 | Natera | 31.50 Bn | 30.40 Bn | 696.04 Mn | 790.16 Mn |
| 7 | Iqvia Holdings | 31.34 Bn | 29.36 Bn | 1.36 Bn | 553.00 Mn |
| 8 | Illumina | 24.51 Bn | 23.36 Bn | 721.00 Mn | 512.00 Mn |
| 9 | Mettler Toledo International | 23.53 Bn | 23.47 Bn | 555.82 Mn | 316.87 Mn |
| 10 | Quest Diagnostics | 22.51 Bn | 22.42 Bn | 942.00 Mn | 2.50 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 27, 2026 | 2.25 Bn |
| Dec 31, 2025 | 2.46 Bn |
| Sep 26, 2025 | 2.37 Bn |
| Jun 27, 2025 | 2.76 Bn |
| Mar 28, 2025 | 2.24 Bn |
| Dec 31, 2024 | 2.47 Bn |
| Sep 27, 2024 | 2.44 Bn |
| Jun 28, 2024 | 2.26 Bn |
| Mar 29, 2024 | 2.18 Bn |
| Dec 31, 2023 | 2.44 Bn |
| Sep 29, 2023 | 2.09 Bn |
| Jun 30, 2023 | 2.16 Bn |
| Mar 31, 2023 | 2.15 Bn |
| Dec 31, 2022 | 1.03 Bn |
| Sep 30, 2022 | 2.57 Bn |
| Jul 1, 2022 | 2.52 Bn |
| Apr 1, 2022 | 2.53 Bn |
| Dec 31, 2021 | 1.16 Bn |
| Oct 1, 2021 | 2.50 Bn |
| Jul 2, 2021 | 2.39 Bn |