Heico (HEI-A) Operating Expenses (2009 - 2026)

On a trailing twelve-month basis, Heico's Operating Expenses was $3.93 billion through Jul 31, 2026, up 18.1% year-over-year; for FY2025 (ended Oct 31, 2025), it was $3.47 billion, up 14.3% from FY2024.

• Operating Expenses has now increased for five consecutive fiscal years, with a five-year compound annual growth rate of 19.7% (FY2020 to FY2025).
• In earlier fiscal years, Operating Expenses was $3.03 billion in FY2024 (+29.5%), $2.34 billion in FY2023 (+36.9%), $1.71 billion in FY2022 (+16.2%) and $1.47 billion in FY2021 (+4.4%).
• The fiscal Q3 2026 figure marks the highest quarterly Operating Expenses in data going back to fiscal Q3 2009.
• Compared with a year earlier, Operating Expenses has increased for 22 straight quarters, with growth averaging 14.8% over the last eight quarters.
• The year-over-year growth in Operating Expenses has ranged between 6.4% (fiscal Q4 2024) and 61.3% (fiscal Q4 2023) over the last five years.
• Per Business Quant data, HEI-A's Operating Expenses in the three fiscal quarters before Q3 2026 was $1.03 billion (Q2 2026), $918.68 million (Q1 2026) and $930.39 million (Q4 2025).