Graphic Packaging Holding (GPK) Operating Expenses (2010 - 2026)
Graphic Packaging Holding's (GPK) quarterly Operating Expenses came in at $186.0 million in Q2 2026, down 14.29% on a YoY basis from $217.0 million in Q2 2025, and down 31.87% quarter-over-quarter from $273.0 million in Q1 2026.
Analysis
Graphic Packaging Holding (GPK) Operating Expenses (2010 - 2026) Analysis & Trends
Graphic Packaging Holding (GPK) has reported Operating Expenses for 17 consecutive years, with $186.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 14.29% year-over-year to $186.0 million; the trailing twelve-month figure through Jun 2026 stood at $779.0 million (down 6.26% YoY), and the FY2025 full-year result was $745.0 million, down 4.36% from the prior year.
- Operating Expenses retreated to $186.0 million in Q2 2026 per GPK's latest filing, from $273.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $287.0 million in Q2 2022 and bottomed at $135.0 million in Q4 2025.
- Historically, Operating Expenses has averaged $209.3 million across 5 years, with a median of $209.0 million in 2022.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 80.5% in 2022, then plunged 37.05% in 2024.
- Over 5 years, Operating Expenses stood at $210.0 million in 2022, then slipped by 7.14% to $195.0 million in 2023, then gained by 2.05% to $199.0 million in 2024, then plunged by 32.16% to $135.0 million in 2025, then soared by 37.78% to $186.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $186.0 million, $273.0 million, and $135.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Paper | 51.92 Bn | 51.20 Bn | 1.66 Bn | 991.00 Mn |
| 2 | Smurfit Westrock | 24.03 Bn | 23.38 Bn | 1.40 Bn | 1.09 Bn |
| 3 | Packaging Corp Of America | 21.15 Bn | 20.55 Bn | 512.50 Mn | 179.30 Mn |
| 4 | Sonoco Products | 5.13 Bn | 4.98 Bn | 392.38 Mn | 202.18 Mn |
| 5 | Graphic Packaging Holding | 3.08 Bn | 2.88 Bn | 292.00 Mn | 186.00 Mn |
| 6 | Ranpak Holdings | 390.16 Mn | 346.96 Mn | 34.50 Mn | 36.20 Mn |
| 7 | Clearwater Paper | 337.07 Mn | 241.67 Mn | -10.40 Mn | 398.70 Mn |
| 8 | Millennium Group International Holdings | 17.21 Mn | 10.37 Mn | - | - |
| 9 | Dss | 8.34 Mn | 12.01 Mn | - | 7.39 Mn |
| 10 | It Tech Packaging | 2.18 Mn | -7.59 Mn | 2.02 Mn | 3.02 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 |