Merit Medical Systems (MMSI) Operating Expenses (2010 - 2026)

Merit Medical Systems' (MMSI) quarterly Operating Expenses came in at $140.6 million in Q1 2026, up 7.37% year-on-year from $131.0 million in Q1 2025, and little changed quarter-over-quarter from $141.2 million in Q4 2025.

Merit Medical Systems (MMSI) Operating Expenses (2010 - 2026) Analysis & Trends

Merit Medical Systems has disclosed Operating Expenses across 17 years of filings, most recently posting $140.6 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $140.6 million, up 7.37% year-over-year; the trailing twelve-month figure through Mar 2026 was $563.2 million (up 12.01% YoY), and the FY2025 annual result was $553.6 million, up 13.52% from the prior year.
  • Operating Expenses came in at $140.6 million for Q1 2026 at Merit Medical Systems, roughly flat 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.
  • The 5-year median for Operating Expenses is $116.9 million (2023), against an average of $122.0 million.
  • Across the five-year window, Operating Expenses dropped 7.11% in 2024 and gained 19.56% in 2025, its largest moves.
  • Merit Medical Systems' Operating Expenses stood at $104.1 million in 2022, then increased by 12.27% to $116.9 million in 2023, then climbed by 16.68% to $136.4 million in 2024, then gained by 3.47% to $141.2 million in 2025, then slipped by 0.37% to $140.6 million in 2026.
  • The last three Operating Expenses figures came in at $140.6 million (Q1 2026), $141.2 million (Q4 2025), and $143.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 975.20 Mn
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 4.62 Bn
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 1.42 Bn
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 391.17 Mn
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 115.30 Mn
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 1.02 Bn
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 718.70 Mn
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 594.63 Mn
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 867.00 Mn
10 Merit Medical Systems 4.03 Bn 3.54 Bn 184.80 Mn 140.64 Mn

Historic Data

Download Data
DateValue
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