Fresenius Medical Care AG (FMS) Operating Expenses (2009 - 2026)
Fresenius Medical Care AG (FMS) posted quarterly Operating Expenses of $921.7 million for Q1 2026, up 10.33% year-over-year from $835.4 million in Q1 2025, and down 3.91% quarter-over-quarter from $959.2 million in Q4 2025.
Fresenius Medical Care AG (FMS) Operating Expenses (2009 - 2026) Analysis & Trends
Fresenius Medical Care AG's Operating Expenses history runs 18 years deep, the most recent figure standing at $921.7 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 10.33% year-over-year to $921.7 million; the TTM figure through Mar 2026 stood at $3.7 billion (up 4.19% YoY), while the FY2025 annual figure was $3.7 billion, up 4.51% from the prior year.
- Operating Expenses for Q1 2026 stood at $921.7 million, down from $959.2 million in the prior quarter.
- The five-year high for Operating Expenses was $1.0 billion in Q4 2022, with the low at $835.4 million in Q1 2025.
- The 5-year median for Operating Expenses is $906.4 million (2023), against an average of $915.6 million.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses decreased 18.33% in 2022, then gained 10.33% in 2026.
- Fresenius Medical Care AG's Operating Expenses stood at $1.0 billion in 2022, then fell by 5.53% to $980.2 million in 2023, then dropped by 2.97% to $951.0 million in 2024, then grew by 0.85% to $959.2 million in 2025, then slipped by 3.91% to $921.7 million in 2026.
- Business Quant data shows FMS's Operating Expenses at $921.7 million in Q1 2026, $959.2 million in Q4 2025, and $868.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 89.17 Bn | 88.16 Bn | 15.19 Bn | 17.74 Bn |
| 2 | Tenet Healthcare | 22.30 Bn | 20.13 Bn | 4.45 Bn | 3.00 Mn |
| 3 | Encompass Health | 12.22 Bn | 12.08 Bn | 1.34 Bn | 1.31 Bn |
| 4 | Davita | 11.68 Bn | 10.99 Bn | 1.16 Bn | 2.98 Bn |
| 5 | Ensign | 10.53 Bn | 10.21 Bn | 306.24 Mn | 1.32 Bn |
| 6 | Universal Health Services | 10.14 Bn | 10.00 Bn | 3.29 Bn | 4.12 Bn |
| 7 | Pacs | 7.07 Bn | 6.91 Bn | 338.46 Mn | 1.32 Bn |
| 8 | Chemed | 7.04 Bn | 7.00 Bn | 221.47 Mn | 584.05 Mn |
| 9 | Fresenius Medical Care AG | 6.38 Bn | 4.69 Bn | 1.52 Bn | 901.58 Mn |
| 10 | Concentra Group Holdings Parent | 4.43 Bn | 4.28 Bn | 192.10 Mn | 490.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 901.58 Mn |
| Mar 31, 2026 | 921.67 Mn |
| Dec 31, 2025 | 959.17 Mn |
| Sep 30, 2025 | 868.83 Mn |
| Jun 30, 2025 | 939.50 Mn |
| Mar 31, 2025 | 835.37 Mn |
| Dec 31, 2024 | 951.05 Mn |
| Sep 30, 2024 | 874.39 Mn |
| Jun 30, 2024 | 879.87 Mn |
| Mar 31, 2024 | 894.95 Mn |
| Dec 31, 2023 | 980.18 Mn |
| Sep 30, 2023 | 921.81 Mn |
| Jun 30, 2023 | 906.44 Mn |
| Mar 31, 2023 | 899.20 Mn |
| Dec 31, 2022 | 1.04 Bn |
| Sep 30, 2022 | 885.94 Mn |
| Jun 30, 2022 | 867.52 Mn |
| Mar 31, 2022 | 942.37 Mn |
| Dec 31, 2021 | 1.02 Bn |
| Sep 30, 2021 | 923.65 Mn |