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| Date | Value |
|---|---|
| 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 |