Hershey (HSY) Operating Expenses (2009 - 2026)

Hershey (HSY) reported Operating Expenses of $589.4 million for Q1 2026, up 0.83% year-over-year from $584.5 million in Q1 2025, and down 20.21% quarter-over-quarter from $738.7 million in Q4 2025.

Hershey (HSY) Operating Expenses (2009 - 2026) Analysis & Trends

Hershey (HSY) has 18 years of Operating Expenses data on file, last reported at $589.4 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $589.4 million, up 0.83% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.5 billion (up 4.86% YoY), and the FY2025 annual result was $2.5 billion, up 4.88% from the prior year.
  • Operating Expenses fell to $589.4 million in Q1 2026 per HSY's latest filing, from $738.7 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $738.7 million in Q4 2025 and troughed at $524.5 million in Q2 2022.
  • A 5-year average of $604.5 million and a median of $603.5 million in 2025 frame the typical range for Operating Expenses.
  • On a YoY basis, Operating Expenses climbed as much as 19.3% in 2025 and fell as far as 7.9% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $618.5 million in 2022, then gained by 6.03% to $655.8 million in 2023, then declined by 5.58% to $619.2 million in 2024, then gained by 19.3% to $738.7 million in 2025, then decreased by 20.21% to $589.4 million in 2026.
  • Business Quant data shows HSY's Operating Expenses at $589.4 million in Q1 2026, $738.7 million in Q4 2025, and $611.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Mondelez International 80.71 Bn 79.24 Bn 2.80 Bn 1.97 Bn
2 Hershey 9.96 Bn 9.08 Bn 1.22 Bn 589.40 Mn
3 Tootsie Roll Industries 2.93 Bn 2.87 Bn 51.29 Mn 28.08 Mn
4 Sow Good 40.34 Mn 38.02 Mn - -
5 Rocky Mountain Chocolate Factory 12.93 Mn 11.72 Mn -13.21 Mn 9.80 Mn
6 Tootsie Roll Industries - - 51.29 Mn 28.08 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 589.40 Mn
Dec 31, 2025 738.71 Mn
Sep 28, 2025 611.12 Mn
Jun 29, 2025 603.46 Mn
Mar 30, 2025 584.53 Mn
Dec 31, 2024 619.20 Mn
Sep 29, 2024 641.05 Mn
Jun 30, 2024 579.99 Mn
Mar 31, 2024 634.65 Mn
Dec 31, 2023 655.81 Mn
Oct 1, 2023 623.88 Mn
Jul 2, 2023 573.32 Mn
Apr 2, 2023 582.40 Mn
Dec 31, 2022 618.49 Mn
Oct 2, 2022 551.88 Mn
Jul 3, 2022 543.47 Mn
Apr 3, 2022 524.49 Mn
Dec 31, 2021 566.77 Mn
Oct 3, 2021 486.50 Mn
Jul 4, 2021 468.77 Mn