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Hershey (HSY) Operating Expenses (2016 - 2025)

Hershey (HSY) has disclosed Operating Expenses for 17 consecutive years, with $706.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses changed 0.24% to $706.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $2.5 billion, a 1.16% increase, with the full-year FY2025 number at $2.5 billion, up 1.16% from a year prior.
  • Operating Expenses was $706.0 million for Q4 2025 at Hershey, up from $620.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $707.7 million in Q4 2024 to a low of $471.1 million in Q3 2021.
  • A 5-year average of $584.5 million and a median of $579.5 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: grew 15.36% in 2022, then decreased 6.95% in 2025.
  • Hershey's Operating Expenses stood at $542.6 million in 2021, then increased by 13.84% to $617.8 million in 2022, then rose by 6.4% to $657.3 million in 2023, then increased by 7.67% to $707.7 million in 2024, then dropped by 0.24% to $706.0 million in 2025.
  • Per Business Quant, the three most recent readings for HSY's Operating Expenses are $706.0 million (Q4 2025), $620.6 million (Q3 2025), and $618.3 million (Q2 2025).