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| 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 |