Fortis (FTS) Operating Expenses (2015 - 2026)
Fortis (FTS) posted quarterly Operating Expenses of $1.5 billion for Q2 2026, up 5.74% year-over-year from $1.5 billion in Q2 2025, and up 149.55% on a QoQ basis from $616.2 million in Q1 2026.
Fortis (FTS) Operating Expenses (2015 - 2026) Analysis & Trends
Fortis has reported Operating Expenses for 12 years, with the latest figure at $1.5 billion in Q2 2026.
- Operating Expenses for Q2 2026 came in at $1.5 billion, up 5.74% year-over-year; the trailing twelve-month figure through Jun 2026 was $7.2 billion (up 5.46% YoY), and the FY2025 annual result was $6.2 billion, up 5.81% from the prior year.
- Operating Expenses rose to $1.5 billion in Q2 2026, from $616.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $4.7 billion in Q4 2022 and troughed at $483.1 million in Q3 2022.
- A 5-year average of $1.5 billion and a median of $571.3 million in 2025 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2024, when Operating Expenses decreased 7.59%; it then surged 169.15% in 2025.
- A 5-year view of Operating Expenses shows it stood at $4.7 billion in 2022, then fell by 1.05% to $4.6 billion in 2023, then fell by 7.59% to $4.3 billion in 2024, then gained by 5.17% to $4.5 billion in 2025, then tumbled by 65.79% to $1.5 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.5 billion in Q2 2026, $616.2 million in Q1 2026, and $4.5 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.98 Bn | 75.17 Bn | - | - |
| 2 | Dominion Energy | 58.72 Bn | 57.94 Bn | 3.50 Bn | 4.15 Bn |
| 3 | Xcel Energy | 47.79 Bn | 45.78 Bn | 3.12 Bn | 2.41 Bn |
| 4 | Wec Energy | 34.70 Bn | 34.65 Bn | 1.45 Bn | 1.63 Bn |
| 5 | Ameren | 29.45 Bn | 29.44 Bn | - | 1.63 Bn |
| 6 | Fortis | 28.00 Bn | 28.00 Bn | 1.60 Bn | 1.54 Bn |
| 7 | Edison International | 27.41 Bn | 27.17 Bn | 3.29 Bn | 3.27 Bn |
| 8 | Firstenergy | 26.62 Bn | 26.43 Bn | 2.51 Bn | 3.00 Bn |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.25 Bn | 21.01 Bn | 3.65 Bn | 3.81 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.54 Bn |
| Mar 31, 2026 | 616.18 Mn |
| Dec 31, 2025 | 4.50 Bn |
| Sep 30, 2025 | 574.04 Mn |
| Jun 30, 2025 | 569.43 Mn |
| Mar 31, 2025 | 578.44 Mn |
| Dec 31, 2024 | 4.27 Bn |
| Sep 30, 2024 | 542.46 Mn |
| Jun 30, 2024 | 540.31 Mn |
| Mar 31, 2024 | 568.46 Mn |
| Dec 31, 2023 | 4.63 Bn |
| Sep 30, 2023 | 508.72 Mn |
| Jun 30, 2023 | 530.79 Mn |
| Mar 31, 2023 | 548.12 Mn |
| Dec 31, 2022 | 4.67 Bn |
| Sep 30, 2022 | 483.05 Mn |
| Jun 30, 2022 | 516.88 Mn |
| Mar 31, 2022 | 528.16 Mn |
| Dec 31, 2021 | 2.00 Bn |
| Sep 30, 2021 | 471.88 Mn |