Danaher (DHR) Operating Expenses (2009 - 2026)
Danaher (DHR) posted Operating Expenses of $2.5 billion for Q2 2026, up 10.55% on a QoQ basis from $2.2 billion in Q1 2026, and down 10.1% year-over-year from $2.8 billion in Q2 2025.
Analysis
Danaher (DHR) Operating Expenses (2009 - 2026) Analysis & Trends
Danaher has reported Operating Expenses for 18 years, with the latest figure at $2.5 billion in Q2 2026.
- On a quarterly basis, Operating Expenses fell 10.1% year-over-year to $2.5 billion in Q2 2026; TTM through Jun 2026 was $9.6 billion, a 3.47% decrease from a year earlier, with the FY2025 full-year figure at $9.8 billion, up 5.24% from the prior year.
- Operating Expenses was $2.5 billion for Q2 2026 at Danaher, up from $2.2 billion in the prior quarter.
- The five-year high for Operating Expenses was $2.8 billion in Q2 2025, with the low at $1.0 billion in Q4 2022.
- Average Operating Expenses over 5 years is $2.3 billion, with a median of $2.4 billion recorded in 2023.
- The largest YoY upside for Operating Expenses was 136.17% in 2023 against a maximum downside of 18.65% in 2023.
- Over 5 years, Operating Expenses stood at $1.0 billion in 2022, then jumped by 136.17% to $2.4 billion in 2023, then gained by 0.94% to $2.5 billion in 2024, then slipped by 0.04% to $2.5 billion in 2025, then increased by 0.81% to $2.5 billion in 2026.
- The last three Operating Expenses figures came in at $2.5 billion (Q2 2026), $2.2 billion (Q1 2026), and $2.5 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 9.91 Bn |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 2.48 Bn |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 1.43 Bn |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 525.00 Mn |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 327.55 Mn |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 137.12 Mn |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 273.20 Mn |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 190.15 Mn |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | 132.05 Mn |
| 10 | Bruker | 9.26 Bn | 9.04 Bn | 416.00 Mn | 481.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 2.48 Bn |
| 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 |