Fortis (FORFF) Operating Expenses (2015 - 2026)

Fortis has reported Operating Expenses for 12 years, with the latest figure at $616.2 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 6.52% year-over-year to $616.2 million; the trailing twelve-month figure through Mar 2026 stood at $2.4 billion (down 60.19% YoY), and the FY2025 full-year result was $2.3 billion, down 60.37% from the prior year.
• Operating Expenses for Q1 2026 stood at $616.2 million, up from $603.1 million in the prior quarter.
• The five-year high for Operating Expenses was $4.3 billion in Q4 2024, with the low at $483.1 million in Q3 2022.
• Historically, Operating Expenses has averaged $768.8 million across 5 years, with a median of $548.1 million in 2023.
• Annual changes were most pronounced in 2024 — Operating Expenses soared 672.79% — and 2025, when it slumped 85.89%.
• Fortis' Operating Expenses stood at $534.1 million in 2022, then gained by 3.56% to $553.1 million in 2023, then soared by 672.79% to $4.3 billion in 2024, then tumbled by 85.89% to $603.1 million in 2025, then rose by 2.17% to $616.2 million in 2026.
• The last three Operating Expenses figures came in at $616.2 million (Q1 2026), $603.1 million (Q4 2025), and $574.0 million (Q3 2025), per Business Quant data.