Hershey (HSY) Operating Expenses (2009 - 2026)
Hershey (HSY) posted quarterly Operating Expenses of $628.9 million for Q2 2026, up 1.71% year-over-year from $618.3 million in Q2 2025, and up 6.7% quarter-over-quarter from $589.4 million in Q1 2026.
Hershey (HSY) Operating Expenses (2009 - 2026) Analysis & Trends
Hershey (HSY) has reported Operating Expenses for 18 consecutive years, with $628.9 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 1.71% year-over-year to $628.9 million; the TTM figure through Jun 2026 stood at $2.5 billion (up 2.26% YoY), while the FY2025 annual figure was $2.5 billion, up 1.16% from the prior year.
- Operating Expenses grew to $628.9 million in Q2 2026 per HSY's latest filing, from $589.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $706.0 million in Q4 2025 and bottomed at $525.5 million in Q2 2022.
- Historically, Operating Expenses has averaged $606.1 million across 5 years, with a median of $614.7 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses gained 15.51% — and 2025, when it slipped 7.9%.
- Hershey's Operating Expenses stood at $618.5 million in 2022, then rose by 6.52% to $658.8 million in 2023, then slipped by 3.54% to $635.5 million in 2024, then rose by 11.1% to $706.0 million in 2025, then fell by 10.92% to $628.9 million in 2026.
- Business Quant data shows HSY's Operating Expenses at $628.9 million in Q2 2026, $589.4 million in Q1 2026, and $706.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Mondelez International | 80.42 Bn | 78.71 Bn | 3.99 Bn | 2.01 Bn |
| 2 | Hershey | 27.07 Bn | 26.28 Bn | 1.26 Bn | 628.91 Mn |
| 3 | Tootsie Roll Industries | 3.06 Bn | 2.92 Bn | 52.63 Mn | 54.25 Mn |
| 4 | Sow Good | 64.08 Mn | 61.76 Mn | - | - |
| 5 | Rocky Mountain Chocolate Factory | 12.49 Mn | 11.88 Mn | 1.41 Mn | 7.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 628.91 Mn |
| Mar 29, 2026 | 582.04 Mn |
| Dec 31, 2025 | 667.18 Mn |
| Sep 28, 2025 | 602.75 Mn |
| Jun 29, 2025 | 603.46 Mn |
| Mar 30, 2025 | 575.05 Mn |
| Dec 31, 2024 | 546.97 Mn |
| Sep 29, 2024 | 641.05 Mn |
| Jun 30, 2024 | 579.99 Mn |
| Mar 31, 2024 | 634.65 Mn |
| Dec 31, 2023 | 661.81 Mn |
| Oct 1, 2023 | 624.30 Mn |
| Jul 2, 2023 | 573.32 Mn |
| Apr 2, 2023 | 583.94 Mn |
| Dec 31, 2022 | 618.16 Mn |
| Oct 2, 2022 | 551.88 Mn |
| Jul 3, 2022 | 544.17 Mn |
| Apr 3, 2022 | 524.49 Mn |
| Dec 31, 2021 | 553.70 Mn |
| Oct 3, 2021 | 486.50 Mn |