Fresenius Medical Care AG (FMS) Operating Expenses (2009 - 2025)

Fresenius Medical Care AG (FMS) has 17 years of Operating Expenses data on file, last reported at $820.7 million 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 0.13% YoY), while the FY2025 annual figure was $3.6 billion, up 3.09% from the prior year.
• Operating Expenses declined to $820.7 million in Q4 2025, from $868.8 million in the prior quarter.
• Across five years, Operating Expenses topped out at $1.1 billion in Q2 2021 and bottomed at $441.8 million in Q4 2022.
• A 5-year average of $863.5 million and a median of $907.1 million in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2021 — Operating Expenses fell 24.37% — and 2023, when it soared 105.56%.
• Year by year, Operating Expenses stood at $489.6 million in 2021, then slipped by 9.77% to $441.8 million in 2022, then surged by 105.56% to $908.1 million in 2023, then retreated by 4.68% to $865.6 million in 2024, then fell by 5.19% to $820.7 million in 2025.
• The last three Operating Expenses figures came in at $820.7 million (Q4 2025), $868.8 million (Q3 2025), and $939.5 million (Q2 2025), per Business Quant data.

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