Merit Medical Systems (MMSI) Operating Expenses (2010 - 2026)
Merit Medical Systems (MMSI) reported Operating Expenses of $140.6 million for Q1 2026, up 7.37% on a YoY basis from $131.0 million in Q1 2025, and little changed sequentially from $141.2 million in Q4 2025.
Merit Medical Systems (MMSI) Operating Expenses (2010 - 2026) Analysis & Trends
Merit Medical Systems (MMSI) has 17 years of Operating Expenses data on file, last reported at $140.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 7.37% year-over-year to $140.6 million; the trailing twelve-month figure through Mar 2026 stood at $563.2 million (up 12.01% YoY), and the FY2025 full-year result was $553.6 million, up 13.52% from the prior year.
- Operating Expenses held at $140.6 million in Q1 2026, from $141.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $143.8 million in Q3 2025 to a low of $104.1 million in Q4 2022.
- A 5-year average of $122.0 million and a median of $116.9 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses dropped 7.11% in 2024 and gained 19.56% in 2025, its largest moves.
- Tracing MMSI's Operating Expenses over 5 years: stood at $104.1 million in 2022, then grew by 12.27% to $116.9 million in 2023, then advanced by 16.68% to $136.4 million in 2024, then rose by 3.47% to $141.2 million in 2025, then decreased by 0.37% to $140.6 million in 2026.
- Business Quant data shows MMSI's Operating Expenses at $140.6 million in Q1 2026, $141.2 million in Q4 2025, and $143.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | -1.13 Bn |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | 988.50 Mn |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | 4.62 Bn |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 1.42 Bn |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 391.17 Mn |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 137.30 Mn |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | 718.70 Mn |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 1.02 Bn |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | 594.63 Mn |
| 10 | Merit Medical Systems | 4.36 Bn | 3.87 Bn | 184.80 Mn | 140.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 140.64 Mn |
| Dec 31, 2025 | 141.16 Mn |
| Sep 30, 2025 | 143.80 Mn |
| Jun 30, 2025 | 137.61 Mn |
| Mar 31, 2025 | 130.99 Mn |
| Dec 31, 2024 | 136.42 Mn |
| Sep 30, 2024 | 120.27 Mn |
| Jun 30, 2024 | 115.15 Mn |
| Mar 31, 2024 | 115.79 Mn |
| Dec 31, 2023 | 116.92 Mn |
| Sep 30, 2023 | 107.06 Mn |
| Jun 30, 2023 | 123.97 Mn |
| Mar 31, 2023 | 111.98 Mn |
| Dec 31, 2022 | 104.14 Mn |
| Sep 30, 2022 | 109.92 Mn |
| Jun 30, 2022 | 111.81 Mn |
| Mar 31, 2022 | 105.67 Mn |
| Dec 31, 2021 | 106.91 Mn |
| Sep 30, 2021 | 104.56 Mn |
| Jun 30, 2021 | 115.24 Mn |