3M (MMM) Operating Expenses (2009 - 2026)
3M (MMM) posted Operating Expenses of $5.5 billion for Q2 2026, up 19.06% sequentially from $4.6 billion in Q1 2026, and up 6.0% YoY from $5.2 billion in Q2 2025.
3M (MMM) Operating Expenses (2009 - 2026) Analysis & Trends
3M has reported Operating Expenses for 18 years, with the latest figure at $5.5 billion in Q2 2026.
- Quarterly Operating Expenses rose 6.0% year-over-year to $5.5 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $20.6 billion (up 3.74% YoY) and the FY2025 annual result came in at $20.3 billion, up 2.87% from the prior year.
- Operating Expenses rose to $5.5 billion in Q2 2026 per MMM's latest filing, from $4.6 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $15.6 billion in Q2 2023 and troughed at $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.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses plunged 77.86% in 2022, then jumped 229.44% in 2023.
- Over 5 years, Operating Expenses stood at $1.5 billion in 2022, then surged by 229.44% to $5.1 billion in 2023, then decreased by 3.49% to $4.9 billion in 2024, then advanced by 8.37% to $5.3 billion in 2025, then rose by 3.35% to $5.5 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $5.5 billion, $4.6 billion, and $5.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 92.62 Bn | 89.29 Bn | 2.68 Bn | 5.52 Bn |
| 2 | Honeywell International | 69.21 Bn | 60.02 Bn | 3.65 Bn | 1.87 Bn |
| 3 | Valmont Industries | 9.35 Bn | 9.21 Bn | 340.82 Mn | 174.71 Mn |
| 4 | Brookfield Business | 5.78 Bn | 1.02 Bn | 1.27 Bn | 289.00 Mn |
| 5 | Pampa Energy | 4.32 Bn | 4.32 Bn | 372,128.00 | -67.96 Bn |
| 6 | Seaboard | 4.18 Bn | 2.97 Bn | 221.00 Mn | 121.00 Mn |
| 7 | Otter Tail | 3.86 Bn | 3.51 Bn | 216.33 Mn | 358.59 Mn |
| 8 | Deluxe | 1.09 Bn | 1.06 Bn | 259.60 Mn | 203.90 Mn |
| 9 | Tetra Technologies | 1.01 Bn | 860.10 Mn | 45.71 Mn | 139.94 Mn |
| 10 | Compass Diversified Holdings | 754.93 Mn | 694.18 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 |