3M (MMM) Operating Expenses (2009 - 2026)

3M (MMM) reported Operating Expenses of $5.5 billion for Q2 2026, up 6.0% on a YoY basis from $5.2 billion in Q2 2025, and up 19.06% sequentially from $4.6 billion in Q1 2026.

3M (MMM) Operating Expenses (2009 - 2026) Analysis & Trends

3M (MMM) has 18 years of Operating Expenses data on file, last reported at $5.5 billion in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 6.0% year-over-year to $5.5 billion; the trailing twelve-month figure through Jun 2026 stood at $20.6 billion (up 3.74% YoY), and the FY2025 full-year result was $20.3 billion, up 2.87% from the prior year.
  • Operating Expenses rose to $5.5 billion in Q2 2026, from $4.6 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $15.6 billion in Q2 2023 to a low of $1.5 billion in Q4 2022.
  • A 5-year average of $6.1 billion and a median of $5.1 billion in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses slumped 77.86% in 2022 and surged 229.44% in 2023, its largest moves.
  • Tracing MMM's Operating Expenses over 5 years: stood at $1.5 billion in 2022, then surged by 229.44% to $5.1 billion in 2023, then declined by 3.49% to $4.9 billion in 2024, then increased by 8.37% to $5.3 billion in 2025, then climbed by 3.35% to $5.5 billion in 2026.
  • Business Quant data shows MMM's Operating Expenses at $5.5 billion in Q2 2026, $4.6 billion in Q1 2026, and $5.3 billion in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 3M 88.13 Bn 84.85 Bn 2.68 Bn 5.52 Bn
2 Honeywell International 78.15 Bn 66.84 Bn 3.65 Bn 1.87 Bn
3 Valmont Industries 9.52 Bn 9.36 Bn 316.88 Mn 161.25 Mn
4 Brookfield Business 6.56 Bn 5.50 Bn 1.31 Bn -296.00 Mn
5 Seaboard 4.44 Bn 3.30 Bn 217.00 Mn 121.00 Mn
6 Otter Tail 3.87 Bn 3.47 Bn 239.49 Mn 261.79 Mn
7 Tetra Technologies 1.18 Bn 1.14 Bn 38.23 Mn 118.03 Mn
8 Deluxe 1.16 Bn 1.13 Bn 279.40 Mn 212.70 Mn
9 Matthews International 843.71 Mn 807.63 Mn 101.98 Mn 72.41 Mn
10 Compass Diversified Holdings 745.59 Mn 813.24 Mn 189.36 Mn 132.01 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 5.52 Bn
Mar 31, 2026 4.63 Bn
Dec 31, 2025 5.34 Bn
Sep 30, 2025 5.07 Bn
Jun 30, 2025 5.20 Bn
Mar 31, 2025 4.71 Bn
Dec 31, 2024 4.93 Bn
Sep 30, 2024 4.98 Bn
Jun 30, 2024 4.98 Bn
Mar 31, 2024 4.87 Bn
Dec 31, 2023 5.10 Bn
Sep 30, 2023 9.37 Bn
Jun 30, 2023 15.64 Bn
Mar 31, 2023 6.79 Bn
Dec 31, 2022 1.55 Bn
Sep 30, 2022 4.46 Bn
Jun 30, 2022 8.59 Bn
Mar 31, 2022 7.19 Bn
Dec 31, 2021 7.00 Bn
Sep 30, 2021 7.15 Bn