Ferguson Enterprises (FERG) Operating Expenses (2023 - 2026)
Ferguson Enterprises (FERG) posted quarterly Operating Expenses of $1.6 billion for Q1 2026, up 2.68% year-over-year from $1.6 billion in Q1 2025, and down 2.07% quarter-over-quarter from $1.6 billion in Q4 2025.
Ferguson Enterprises (FERG) Operating Expenses (2023 - 2026) Analysis & Trends
Ferguson Enterprises (FERG) has reported Operating Expenses for 4 consecutive years, with $1.6 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 2.68% year-over-year to $1.6 billion; the TTM figure through Mar 2026 stood at $6.5 billion (up 3.73% YoY), while the FY2025 annual figure was $6.5 billion, up 6.43% from the prior year.
- Operating Expenses declined to $1.6 billion in Q1 2026 per FERG's latest filing, from $1.6 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.7 billion in Q3 2025 and bottomed at $1.5 billion in Q1 2024.
- Historically, Operating Expenses has averaged $1.6 billion across 4 years, with a median of $1.6 billion in 2024.
- Annual changes were most pronounced in 2025 — Operating Expenses grew 7.07% — and 2026, when it gained 2.68%.
- Ferguson Enterprises' Operating Expenses stood at $1.5 billion in 2023, then climbed by 4.83% to $1.6 billion in 2024, then gained by 3.53% to $1.6 billion in 2025, then declined by 2.07% to $1.6 billion in 2026.
- Business Quant data shows FERG's Operating Expenses at $1.6 billion in Q1 2026, $1.6 billion in Q4 2025, and $1.7 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.04 Bn | 61.46 Bn | 1.98 Bn | 1.18 Bn |
| 2 | Fastenal | 59.03 Bn | 58.83 Bn | 1.06 Bn | 561.80 Mn |
| 3 | Ferguson Enterprises | 47.99 Bn | 47.17 Bn | 2.32 Bn | 1.61 Bn |
| 4 | Wesco International | 17.78 Bn | 16.97 Bn | 1.46 Bn | 1.02 Bn |
| 5 | Applied Industrial Technologies | 13.25 Bn | 13.08 Bn | 380.80 Mn | 242.88 Mn |
| 6 | Watsco | 11.97 Bn | 11.50 Bn | 578.93 Mn | 348.99 Mn |
| 7 | Core & Main | 8.70 Bn | 8.55 Bn | 520.00 Mn | 343.00 Mn |
| 8 | Pool | 7.21 Bn | 7.18 Bn | 540.76 Mn | 273.08 Mn |
| 9 | Msc Industrial Direct | 6.76 Bn | 6.69 Bn | 430.41 Mn | 323.66 Mn |
| 10 | Xometry | 5.15 Bn | 4.63 Bn | 87.15 Mn | 92.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.61 Bn |
| Oct 31, 2025 | 1.64 Bn |
| Jul 31, 2025 | 1.67 Bn |
| Mar 31, 2025 | 1.57 Bn |
| Jan 31, 2025 | 1.54 Bn |
| Oct 31, 2024 | 1.59 Bn |
| Jul 31, 2024 | 1.56 Bn |
| Apr 30, 2024 | 1.51 Bn |
| Jan 31, 2024 | 1.47 Bn |
| Oct 31, 2023 | 1.51 Bn |