Eaton (ETN) Operating Expenses (2010 - 2025)

Eaton (ETN) posted annual Operating Expenses of $5.1 billion for FY2025, up 4.87% year-over-year from $4.9 billion in FY2024.

Eaton (ETN) Operating Expenses (2010 - 2025) Analysis & Trends

Eaton has reported Operating Expenses for 16 years, with the latest figure at $5.1 billion in FY2025.

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 rose to $5.1 billion in FY2025, from $4.9 billion in the prior year.
Over five years, Operating Expenses peaked at $5.1 billion in FY2025 and troughed at $3.9 billion in FY2021.
A 5-year average of $4.5 billion and a median of $4.5 billion in 2023 frame the typical range for Operating Expenses.
The widest annual swing landed in 2022, when Operating Expenses climbed 0.52%; it then gained 16.88% in 2023.
A 5-year view of Operating Expenses shows it stood at $3.9 billion in 2021, then gained by 0.52% to $3.9 billion in 2022, then advanced by 16.88% to $4.5 billion in 2023, then grew by 7.08% to $4.9 billion in 2024, then gained by 4.87% to $5.1 billion in 2025.
Per Business Quant data, the three most recent Operating Expenses figures were $5.1 billion in FY2025, $4.9 billion in FY2024, and $4.5 billion in FY2023.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Opex (Yr)
1	GE Vernova	256.94 Bn	243.82 Bn	2.36 Bn	-
2	Eaton	163.14 Bn	162.45 Bn	2.86 Bn	-
3	Parker-Hannifin	126.50 Bn	126.02 Bn	2.02 Bn	-
4	Emerson Electric	87.87 Bn	85.69 Bn	2.66 Bn	-
5	Cummins	81.13 Bn	76.46 Bn	2.47 Bn	-
6	Illinois Tool Works	80.86 Bn	80.02 Bn	1.90 Bn	-
7	Ametek	54.87 Bn	54.38 Bn	735.04 Mn	-
8	Rockwell Automation	48.51 Bn	48.03 Bn	1.14 Bn	-
9	Ingersoll Rand	31.31 Bn	30.14 Bn	862.60 Mn	-
10	Otis Worldwide	27.38 Bn	26.57 Bn	1.14 Bn	-

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