Fresenius Medical Care AG (FMS) Operating Expenses (2009 - 2026)

Over the twelve months ended Jun 30, 2026, Fresenius Medical Care AG's Operating Expenses came in at $3.65 billion, up 1.4% year-over-year; for the year ended Dec 31, 2025, it was $3.6 billion, up 0.1% from the prior year.

• Operating Expenses has a five-year compound annual growth rate of 10.3% (years ended Dec 2020 to Dec 2025).
• By year, Operating Expenses came in at $3.6 billion in the year ended Dec 31, 2024 (-2.9%), $3.71 billion in the year ended Dec 31, 2023 (+6.9%), $3.47 billion in the year ended Dec 31, 2022 (-2.1%) and $3.54 billion in the year ended Dec 31, 2021 (+60.2%).
• Five-year quarterly Operating Expenses spans a low of $835.37 million in the quarter ended Mar 31, 2025 and a high of $1.04 billion in the quarter ended Dec 31, 2022.
• Year over year, Operating Expenses gained in three of the last eight quarters, with an average decline of 0.2%.
• The high point for year-over-year Operating Expenses in five years was the quarter ended Mar 31, 2026 (growth of 10.3%); the low point was the quarter ended Jun 30, 2022 (a decline of 18.3%).
• Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $921.67 million (quarter ended Mar 31, 2026), $959.17 million (quarter ended Dec 31, 2025) and $868.83 million (quarter ended Sep 30, 2025).