Graphic Packaging Holding (GPK) Operating Expenses (2010 - 2026)
Graphic Packaging Holding (GPK) recorded Operating Expenses of $186 million in Q2 2026, down 14.3% from $217 million a year earlier and down 31.9% from the prior quarter.
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Analysis
Graphic Packaging Holding (GPK) Operating Expenses (2010 - 2026) Analysis & Trends
On a TTM basis, Graphic Packaging Holding's Operating Expenses came in at $779 million as of Jun 30, 2026, down 6.3% year-over-year; for FY2025, it was $745 million, down 4.4% from FY2024.
- Annual Operating Expenses has declined for three straight years, though with a five-year compound annual growth rate of 5.3% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $779 million in FY2024 (-11.4%), $879 million in FY2023 (-2.9%), $905 million in FY2022 (+35.9%) and $666 million in FY2021 (+16.0%).
- Quarterly Operating Expenses has ranged from $135 million in Q4 2025 to $287 million in Q2 2022 over the past five years.
- On a year-over-year basis, Operating Expenses rose in three of the last eight quarters, with growth averaging 0.4%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 80.5% in Q2 2022, against a decline of 37.1% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $273 million (Q1 2026), $135 million (Q4 2025) and $185 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 23.65 Bn | 20.58 Bn | 1.40 Bn | 1.09 Bn |
| 2 | International Paper | 21.34 Bn | 17.23 Bn | 1.66 Bn | 991.00 Mn |
| 3 | Packaging Corp Of America | 20.88 Bn | 18.41 Bn | 512.50 Mn | 179.30 Mn |
| 4 | Amcor | 19.78 Bn | 15.21 Bn | 1.34 Bn | 646.00 Mn |
| 5 | Ball | 15.12 Bn | 12.14 Bn | 697.00 Mn | 312.00 Mn |
| 6 | Crown Holdings | 11.68 Bn | 9.01 Bn | 748.00 Mn | 249.00 Mn |
| 7 | Sonoco Products | 4.94 Bn | 3.94 Bn | 392.38 Mn | 202.18 Mn |
| 8 | Silgan Holdings | 3.80 Bn | 1.54 Bn | 294.88 Mn | 144.94 Mn |
| 9 | Graphic Packaging Holding | 2.74 Bn | 1.96 Bn | 292.00 Mn | 186.00 Mn |
| 10 | Ardagh Metal Packaging | 2.63 Bn | 2.64 Bn | 238.00 Mn | -87.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 186.00 Mn |
| Mar 31, 2026 | 273.00 Mn |
| Dec 31, 2025 | 135.00 Mn |
| Sep 30, 2025 | 185.00 Mn |
| Jun 30, 2025 | 217.00 Mn |
| Mar 31, 2025 | 208.00 Mn |
| Dec 31, 2024 | 199.00 Mn |
| Sep 30, 2024 | 207.00 Mn |
| Jun 30, 2024 | 141.00 Mn |
| Mar 31, 2024 | 232.00 Mn |
| Dec 31, 2023 | 195.00 Mn |
| Sep 30, 2023 | 248.00 Mn |
| Jun 30, 2023 | 224.00 Mn |
| Mar 31, 2023 | 212.00 Mn |
| Dec 31, 2022 | 210.00 Mn |
| Sep 30, 2022 | 212.00 Mn |
| Jun 30, 2022 | 287.00 Mn |
| Mar 31, 2022 | 196.00 Mn |
| Dec 31, 2021 | 208.00 Mn |
| Sep 30, 2021 | 161.00 Mn |
API Access
Graphic Packaging Holding Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=GPK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "GPK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=GPK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();