Fresenius Medical Care AG (FMS) Operating Expenses (2009 - 2023)

Fresenius Medical Care AG (FMS) has reported Operating Expenses for 17 consecutive years, with $820.7 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Operating Expenses fell 5.19% year-over-year to $820.7 million; the TTM figure through Dec 2025 stood at $3.5 billion (changed 0.14% YoY), while the FY2025 annual figure was $3.6 billion, up 3.09% from the prior year.
• Operating Expenses came in at $820.7 million for Q4 2025 at Fresenius Medical Care AG, down from $868.8 million in the prior quarter.
• The five-year high for Operating Expenses was $1.1 billion in Q2 2021, with the low at $441.8 million in Q4 2022.
• Average Operating Expenses over 5 years is $863.5 million, with a median of $907.3 million recorded in 2023.
• Across the five-year window, Operating Expenses declined 24.37% in 2021 and surged 105.56% in 2023, its largest moves.
• Year by year, Operating Expenses stood at $489.6 million in 2021, then fell by 9.77% to $441.8 million in 2022, then surged by 105.56% to $908.1 million in 2023, then dropped by 4.68% to $865.6 million in 2024, then slipped by 5.19% to $820.7 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $820.7 million, $868.8 million, and $939.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.