Duke Energy (DUK) Operating Expenses (2009 - 2026)
Duke Energy's Operating Expenses came in at $6.84 billion for Q1 2026, up 15.6% from $5.91 billion a year earlier and up 17.3% from the prior quarter.
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Analysis
Duke Energy (DUK) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, Duke Energy reported Operating Expenses of $24.58 billion, up 8.5% year-over-year; for FY2025, it was $23.66 billion, up 5.3% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 4.7% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $22.46 billion in FY2024 (+1.9%), $22.04 billion in FY2023 (-3.2%), $22.78 billion in FY2022 (+19.1%) and $19.13 billion in FY2021 (+1.7%).
- The Q1 2026 figure represents the highest quarterly Operating Expenses in data going back to Q1 2009.
- Year-over-year, Operating Expenses has increased for five consecutive quarters, with growth averaging 5.4% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2022 (growth of 34.9%), and the weakest in Q4 2023 (a decline of 13.0%).
- Business Quant data shows DUK's Operating Expenses at $5.83 billion (Q4 2025), $6.23 billion (Q3 2025) and $5.69 billion (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 162.78 Bn | 152.72 Bn | - | 5.29 Bn |
| 2 | Southern | 100.19 Bn | 91.25 Bn | 5.92 Bn | 5.20 Bn |
| 3 | Duke Energy | 91.91 Bn | 88.50 Bn | 6.74 Bn | 6.84 Bn |
| 4 | National Grid | 77.40 Bn | 49.69 Bn | - | - |
| 5 | American Electric Power | 68.36 Bn | 65.53 Bn | 3.84 Bn | 4.20 Bn |
| 6 | Dominion Energy | 54.82 Bn | 52.81 Bn | - | 4.15 Bn |
| 7 | Sempra | 53.87 Bn | 52.99 Bn | 2.89 Bn | 1.35 Bn |
| 8 | Entergy | 48.18 Bn | 37.31 Bn | - | 2.67 Bn |
| 9 | Xcel Energy | 46.63 Bn | 41.53 Bn | - | 2.41 Bn |
| 10 | Exelon | 43.40 Bn | 38.71 Bn | - | 4.99 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 6.84 Bn |
| Dec 31, 2025 | 5.83 Bn |
| Sep 30, 2025 | 6.23 Bn |
| Jun 30, 2025 | 5.69 Bn |
| Mar 31, 2025 | 5.91 Bn |
| Dec 31, 2024 | 5.25 Bn |
| Sep 30, 2024 | 6.02 Bn |
| Jun 30, 2024 | 5.47 Bn |
| Mar 31, 2024 | 5.72 Bn |
| Dec 31, 2023 | 5.36 Bn |
| Sep 30, 2023 | 5.89 Bn |
| Jun 30, 2023 | 5.18 Bn |
| Mar 31, 2023 | 5.61 Bn |
| Dec 31, 2022 | 6.16 Bn |
| Sep 30, 2022 | 5.79 Bn |
| Jun 30, 2022 | 5.12 Bn |
| Mar 31, 2022 | 5.70 Bn |
| Dec 31, 2021 | 4.57 Bn |
| Sep 30, 2021 | 5.27 Bn |
| Jun 30, 2021 | 4.59 Bn |
API Access
Duke Energy Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=DUK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "DUK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=DUK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();