Eaton (ETN) Operating Expenses (2012 - 2026)
Eaton (ETN) posted quarterly Operating Expenses of $1.5 billion for Q2 2026, up 9.1% year-over-year from $1.3 billion in Q2 2025, and down 1.15% on a QoQ basis from $1.5 billion in Q1 2026.
Eaton (ETN) Operating Expenses (2012 - 2026) Analysis & Trends
Eaton has reported Operating Expenses for 15 years, with the latest figure at $1.5 billion in Q2 2026.
- Operating Expenses for Q2 2026 came in at $1.5 billion, up 9.1% year-over-year; the trailing twelve-month figure through Jun 2026 was $5.5 billion (up 8.69% YoY), and the FY2025 annual result was $5.1 billion, up 4.87% from the prior year.
- Operating Expenses fell to $1.5 billion in Q2 2026, from $1.5 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.5 billion in Q1 2026 and troughed at $955.0 million in Q1 2022.
- A 5-year average of $1.2 billion and a median of $1.2 billion in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses fell 3.3%; it then gained 20.15% in 2023.
- A 5-year view of Operating Expenses shows it stood at $963.0 million in 2022, then grew by 20.15% to $1.2 billion in 2023, then increased by 4.06% to $1.2 billion in 2024, then grew by 0.66% to $1.2 billion in 2025, then gained by 20.71% to $1.5 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.5 billion in Q2 2026, $1.5 billion in Q1 2026, and $1.2 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 1.46 Bn |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 1.34 Bn |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 1.28 Bn |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | - |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 1.52 Bn |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 663.00 Mn |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 400.80 Mn |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 3.28 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.46 Bn |
| Mar 31, 2026 | 1.48 Bn |
| Dec 31, 2025 | 1.21 Bn |
| Sep 30, 2025 | 1.31 Bn |
| Jun 30, 2025 | 1.34 Bn |
| Mar 31, 2025 | 1.25 Bn |
| Dec 31, 2024 | 1.20 Bn |
| Sep 30, 2024 | 1.24 Bn |
| Jun 30, 2024 | 1.22 Bn |
| Mar 31, 2024 | 1.21 Bn |
| Dec 31, 2023 | 1.16 Bn |
| Sep 30, 2023 | 1.14 Bn |
| Jun 30, 2023 | 1.17 Bn |
| Mar 31, 2023 | 1.08 Bn |
| Dec 31, 2022 | 963.00 Mn |
| Sep 30, 2022 | 978.00 Mn |
| Jun 30, 2022 | 996.00 Mn |
| Mar 31, 2022 | 955.00 Mn |
| Dec 31, 2021 | 913.00 Mn |
| Sep 30, 2021 | 986.00 Mn |