KPIs & Operating Metrics(New)
Growth Metrics

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

3M recorded quarterly Operating Expenses of $4.6 billion in Q1 2026, down 13.19% quarter-over-quarter from $5.3 billion in Q4 2025, and down 1.59% year-over-year from $4.7 billion in Q1 2025.

3M's Operating Expenses history runs 18 years deep, the most recent figure standing at $4.6 billion for Q1 2026.

  • In Q1 2026, Operating Expenses fell 1.59% year-over-year to $4.6 billion; the TTM figure through Mar 2026 stood at $20.2 billion (up 3.32% YoY), while the FY2025 annual figure 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.
  • A 5-year average of $6.1 billion and a median of $5.1 billion in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses tumbled 77.86% in 2022 and soared 229.44% in 2023, its largest moves.
  • 3M's Operating Expenses stood at $1.5 billion in 2022, then jumped by 229.44% to $5.1 billion in 2023, then retreated by 3.49% to $4.9 billion in 2024, then gained by 8.37% to $5.3 billion in 2025, then slipped by 13.19% to $4.6 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $4.6 billion, $5.3 billion, and $5.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Honeywell International 149.73 Bn 138.42 Bn 3.54 Bn 1.80 Bn
2 3M 79.89 Bn 75.79 Bn 2.46 Bn 4.63 Bn
3 Valmont Industries 10.28 Bn 10.12 Bn 316.88 Mn 161.25 Mn
4 Seaboard 5.00 Bn 3.86 Bn 217.00 Mn 121.00 Mn
5 Otter Tail 3.50 Bn 3.10 Bn 239.49 Mn 261.79 Mn
6 Tetra Technologies 1.39 Bn 1.39 Bn 38.23 Mn 118.03 Mn
7 Deluxe 1.11 Bn 1.08 Bn 279.40 Mn 212.70 Mn
8 Matthews International 838.50 Mn 802.41 Mn 101.98 Mn 72.41 Mn
9 Compass Diversified Holdings 825.34 Mn 892.99 Mn 189.36 Mn 132.01 Mn
10 Falcon's Beyond Global 575.98 Mn 586.01 Mn - 8.62 Mn

Historic Data

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DateValue
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
Mar 31, 2021 6.86 Bn
Dec 31, 2020 6.73 Bn
Sep 30, 2020 6.44 Bn
Jun 30, 2020 5.44 Bn
Mar 31, 2020 6.41 Bn
Dec 31, 2019 6.79 Bn
Sep 30, 2019 5.98 Bn
Jun 30, 2019 6.47 Bn
Mar 31, 2019 6.73 Bn
Dec 31, 2018 6.16 Bn
Sep 30, 2018 6.14 Bn
Jun 30, 2018 5.99 Bn
Mar 31, 2018 7.27 Bn
Dec 31, 2017 6.20 Bn
Sep 30, 2017 6.16 Bn
Jun 30, 2017 5.66 Bn
Mar 31, 2017 5.94 Bn
Dec 31, 2016 5.86 Bn
Sep 30, 2016 5.81 Bn
Jun 30, 2016 5.80 Bn
Mar 31, 2016 5.62 Bn
Dec 31, 2015 5.80 Bn
Sep 30, 2015 5.84 Bn
Jun 30, 2015 5.85 Bn
Mar 31, 2015 5.85 Bn
Dec 31, 2014 6.06 Bn
Sep 30, 2014 6.24 Bn
Jun 30, 2014 6.28 Bn
Mar 31, 2014 6.12 Bn
Dec 31, 2013 5.99 Bn
Sep 30, 2013 6.18 Bn
Jun 30, 2013 6.05 Bn
Mar 31, 2013 5.99 Bn
Dec 31, 2012 5.94 Bn
Sep 30, 2012 5.82 Bn
Jun 30, 2012 5.81 Bn
Mar 31, 2012 5.85 Bn
Dec 31, 2011 5.73 Bn
Sep 30, 2011 5.95 Bn
Jun 30, 2011 6.03 Bn
Mar 31, 2011 5.73 Bn
Dec 31, 2010 5.41 Bn
Sep 30, 2010 5.30 Bn
Jun 30, 2010 5.14 Bn
Mar 31, 2010 4.90 Bn
Dec 31, 2009 4.78 Bn
Sep 30, 2009 4.72 Bn
Jun 30, 2009 4.53 Bn
Mar 31, 2009 4.29 Bn