Eaton (ETN) Operating Expenses (2012 - 2026)
Eaton's (ETN) quarterly Operating Expenses came in at $1.5 billion in Q2 2026, up 9.1% year-over-year from $1.3 billion in Q2 2025, and down 1.15% quarter-over-quarter from $1.5 billion in Q1 2026.
Analysis
Eaton (ETN) Operating Expenses (2012 - 2026) Analysis & Trends
Eaton (ETN) has reported Operating Expenses for 15 consecutive years, with $1.5 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 9.1% year-over-year to $1.5 billion in Q2 2026; TTM through Jun 2026 was $5.5 billion, a 8.69% increase from a year earlier, with the FY2025 full-year figure at $5.1 billion, up 4.87% from the prior year.
- Operating Expenses was $1.5 billion for Q2 2026 at Eaton, down 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.
- Across the five-year window, Operating Expenses retreated 3.3% in 2022 and advanced 20.15% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $963.0 million in 2022, then advanced by 20.15% to $1.2 billion in 2023, then climbed by 4.06% to $1.2 billion in 2024, then advanced by 0.66% to $1.2 billion in 2025, then increased by 20.71% to $1.5 billion in 2026.
- The last three Operating Expenses figures came in at $1.5 billion (Q2 2026), $1.5 billion (Q1 2026), and $1.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 204.03 Bn | 198.05 Bn | 3.55 Bn | 963.40 Mn |
| 2 | Eaton | 159.57 Bn | 158.92 Bn | 2.86 Bn | 1.46 Bn |
| 3 | Vertiv Holdings | 107.98 Bn | 104.87 Bn | 1.23 Bn | 490.50 Mn |
| 4 | TE Connectivity | 60.39 Bn | 59.30 Bn | 1.84 Bn | 92.00 Mn |
| 5 | nVent Electric | 25.25 Bn | 25.00 Bn | 558.00 Mn | 257.30 Mn |
| 6 | Hubbell | 24.33 Bn | 23.94 Bn | 613.00 Mn | 264.40 Mn |
| 7 | Advanced Energy Industries | 11.24 Bn | 9.82 Bn | 236.10 Mn | 141.00 Mn |
| 8 | Aptiv | 9.99 Bn | 9.23 Bn | 775.00 Mn | 2.91 Bn |
| 9 | Valmont Industries | 9.29 Bn | 9.16 Bn | 340.82 Mn | 174.71 Mn |
| 10 | Vicor | 8.66 Bn | 8.21 Bn | 83.12 Mn | 48.24 Mn |
Historic Data
Download Data
Historic 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 |