3M (MMM) Operating Expenses (2009 - 2026)
3M's (MMM) quarterly Operating Expenses came in at $4.6 billion in Q1 2026, down 1.59% year-on-year from $4.7 billion in Q1 2025, and down 13.19% quarter-over-quarter from $5.3 billion in Q4 2025.
3M (MMM) Operating Expenses (2009 - 2026) Analysis & Trends
3M has disclosed Operating Expenses across 18 years of filings, most recently posting $4.6 billion for Q1 2026.
- Operating Expenses for Q1 2026 came in at $4.6 billion, down 1.59% year-over-year; the trailing twelve-month figure through Mar 2026 was $20.2 billion (up 3.32% YoY), and the FY2025 annual result was $20.3 billion, up 2.87% from the prior year.
- Operating Expenses came in at $4.6 billion for Q1 2026 at 3M, down from $5.3 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.
- The 5-year median for Operating Expenses is $5.1 billion (2025), against an average of $6.1 billion.
- Across the five-year window, Operating Expenses plunged 77.86% in 2022 and surged 229.44% in 2023, its largest moves.
- 3M's Operating Expenses stood at $1.5 billion in 2022, then soared by 229.44% to $5.1 billion in 2023, then fell by 3.49% to $4.9 billion in 2024, then rose by 8.37% to $5.3 billion in 2025, then decreased by 13.19% to $4.6 billion in 2026.
- The last three Operating Expenses figures came in at $4.6 billion (Q1 2026), $5.3 billion (Q4 2025), and $5.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Pampa Energy | 1,836.33 Bn | 900.18 Bn | 109.00 Mn | 62.27 Bn |
| 2 | Honeywell International | 145.45 Bn | 134.13 Bn | 3.54 Bn | 1.80 Bn |
| 3 | 3M | 85.14 Bn | 81.04 Bn | 2.46 Bn | 4.63 Bn |
| 4 | Valmont Industries | 11.12 Bn | 10.97 Bn | 316.88 Mn | 161.25 Mn |
| 5 | Seaboard | 4.59 Bn | 3.45 Bn | 217.00 Mn | 121.00 Mn |
| 6 | Otter Tail | 3.66 Bn | 3.25 Bn | 239.49 Mn | 261.79 Mn |
| 7 | Tetra Technologies | 1.37 Bn | 1.37 Bn | 38.23 Mn | 118.03 Mn |
| 8 | Deluxe | 1.04 Bn | 1.01 Bn | 279.40 Mn | 212.70 Mn |
| 9 | Matthews International | 826.85 Mn | 790.76 Mn | 101.98 Mn | 72.41 Mn |
| 10 | Compass Diversified Holdings | 760.64 Mn | 828.28 Mn | 189.36 Mn | 132.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 6.98 Bn |