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
DateValue
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