3M (MMM) Operating Expenses (2009 - 2026)
3M's (MMM) quarterly Operating Expenses came in at $5.5 billion in Q2 2026, up 6.0% year-over-year from $5.2 billion in Q2 2025, and up 19.06% quarter-over-quarter from $4.6 billion in Q1 2026.
Analysis
3M (MMM) Operating Expenses (2009 - 2026) Analysis & Trends
3M has disclosed Operating Expenses across 18 years of filings, most recently posting $5.5 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 6.0% year-over-year to $5.5 billion; the TTM figure through Jun 2026 stood at $20.6 billion (up 3.74% YoY), while the FY2025 annual figure was $20.3 billion, up 2.87% from the prior year.
- Operating Expenses came in at $5.5 billion for Q2 2026 at 3M, up 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.
- Average Operating Expenses over 5 years is $6.1 billion, with a median of $5.1 billion recorded in 2023.
- Year-over-year, Operating Expenses tumbled 77.86% in 2022 and soared 229.44% in 2023.
- Over 5 years, 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 grew by 3.35% to $5.5 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $5.5 billion in Q2 2026, $4.6 billion in Q1 2026, and $5.3 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 86.90 Bn | 83.63 Bn | 2.68 Bn | 5.52 Bn |
| 2 | Illinois Tool Works | 76.92 Bn | 76.08 Bn | 1.90 Bn | - |
| 3 | Ametek | 54.50 Bn | 54.00 Bn | 735.04 Mn | 1.52 Bn |
| 4 | Rockwell Automation | 48.18 Bn | 47.71 Bn | 1.14 Bn | 663.00 Mn |
| 5 | Mettler Toledo International | 29.15 Bn | 29.09 Bn | 650.22 Mn | 321.77 Mn |
| 6 | Dover | 25.97 Bn | 24.22 Bn | 880.61 Mn | 488.82 Mn |
| 7 | Symbotic | 25.93 Bn | 24.61 Bn | 160.91 Mn | 128.02 Mn |
| 8 | Nordson | 17.73 Bn | 17.62 Bn | 453.73 Mn | 230.64 Mn |
| 9 | Fortive | 17.23 Bn | 16.86 Bn | 695.30 Mn | 485.40 Mn |
| 10 | RBC Bearings | 16.01 Bn | 15.88 Bn | 247.80 Mn | 107.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |