Fastenal (FAST) Operating Expenses (2009 - 2026)
Fastenal (FAST) reported Operating Expenses of $535.3 million for Q1 2026, up 9.24% on a YoY basis from $490.0 million in Q1 2025, and up 4.06% quarter-over-quarter from $514.4 million in Q4 2025.
Fastenal (FAST) Operating Expenses (2009 - 2026) Analysis & Trends
Fastenal has reported Operating Expenses for 18 years, with the latest figure at $535.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 9.24% year-over-year to $535.3 million; the trailing twelve-month figure through Mar 2026 stood at $2.1 billion (up 8.91% YoY), and the FY2025 full-year result was $2.0 billion, up 7.59% from the prior year.
- Operating Expenses for Q1 2026 stood at $535.3 million, up from $514.4 million in the prior quarter.
- The five-year high for Operating Expenses was $535.3 million in Q1 2026, with the low at $435.3 million in Q1 2022.
- Historically, Operating Expenses has averaged $473.6 million across 5 years, with a median of $470.5 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses climbed 19.88% — and 2024, when it advanced 2.08%.
- Fastenal's Operating Expenses stood at $435.5 million in 2022, then rose by 2.32% to $445.6 million in 2023, then rose by 6.24% to $473.4 million in 2024, then rose by 8.66% to $514.4 million in 2025, then climbed by 4.06% to $535.3 million in 2026.
- The last three Operating Expenses figures came in at $535.3 million (Q1 2026), $514.4 million (Q4 2025), and $524.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.43 Bn | 62.25 Bn | 1.75 Bn | 1.11 Bn |
| 2 | Fastenal | 52.87 Bn | 52.56 Bn | 982.90 Mn | 535.30 Mn |
| 3 | Ferguson Enterprises | 43.71 Bn | 42.89 Bn | 2.32 Bn | 1.61 Bn |
| 4 | Wesco International | 17.21 Bn | 16.51 Bn | 1.29 Bn | 947.60 Mn |
| 5 | Watsco | 14.12 Bn | 13.98 Bn | 427.56 Mn | 322.85 Mn |
| 6 | Applied Industrial Technologies | 11.70 Bn | 11.53 Bn | 380.80 Mn | 242.88 Mn |
| 7 | Qxo | 11.53 Bn | 8.48 Bn | 409.30 Mn | 661.20 Mn |
| 8 | Core & Main | 9.91 Bn | 9.77 Bn | 428.00 Mn | 310.00 Mn |
| 9 | Pool | 6.54 Bn | 6.47 Bn | 329.87 Mn | 247.26 Mn |
| 10 | Msc Industrial Direct | 6.47 Bn | 6.42 Bn | 377.59 Mn | 310.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 535.30 Mn |
| Dec 31, 2025 | 514.40 Mn |
| Sep 30, 2025 | 524.30 Mn |
| Jun 30, 2025 | 506.70 Mn |
| Mar 31, 2025 | 490.00 Mn |
| Dec 31, 2024 | 473.40 Mn |
| Sep 30, 2024 | 470.50 Mn |
| Jun 30, 2024 | 476.60 Mn |
| Mar 31, 2024 | 471.40 Mn |
| Dec 31, 2023 | 445.60 Mn |
| Sep 30, 2023 | 460.90 Mn |
| Jun 30, 2023 | 462.60 Mn |
| Mar 31, 2023 | 456.80 Mn |
| Dec 31, 2022 | 435.50 Mn |
| Sep 30, 2022 | 447.30 Mn |
| Jun 30, 2022 | 444.20 Mn |
| Mar 31, 2022 | 435.30 Mn |
| Dec 31, 2021 | 412.00 Mn |
| Sep 30, 2021 | 401.80 Mn |
| Jun 30, 2021 | 382.90 Mn |