Merit Medical Systems (MMSI) Operating Expenses (2010 - 2026)
Merit Medical Systems recorded quarterly Operating Expenses of $140.6 million in Q1 2026, little changed quarter-over-quarter from $141.2 million in Q4 2025, and up 7.37% year-over-year from $131.0 million in Q1 2025.
Merit Medical Systems' Operating Expenses history runs 17 years deep, the most recent figure standing at $140.6 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 7.37% year-over-year to $140.6 million; the TTM figure through Mar 2026 stood at $563.2 million (up 12.01% YoY), while the FY2025 annual figure 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.
- 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 declined 7.11% in 2024 and advanced 19.56% in 2025, its largest moves.
- Merit Medical Systems' Operating Expenses stood at $104.1 million in 2022, then rose by 12.27% to $116.9 million in 2023, then grew by 16.68% to $136.4 million in 2024, then advanced by 3.47% to $141.2 million in 2025, then dropped by 0.37% to $140.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $140.6 million, $141.2 million, and $143.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 975.20 Mn |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 4.62 Bn |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 391.17 Mn |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 115.30 Mn |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 1.02 Bn |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 434.50 Mn |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 594.63 Mn |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 867.00 Mn |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 875.37 Mn |
| 10 | Merit Medical Systems | 3.79 Bn | 3.30 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 |
| Mar 31, 2021 | 97.70 Mn |
| Dec 31, 2020 | 95.16 Mn |
| Sep 30, 2020 | 101.95 Mn |
| Jun 30, 2020 | 103.21 Mn |
| Mar 31, 2020 | 102.42 Mn |
| Dec 31, 2019 | 115.04 Mn |
| Sep 30, 2019 | 107.02 Mn |
| Jun 30, 2019 | 99.76 Mn |
| Mar 31, 2019 | 95.11 Mn |
| Dec 31, 2018 | 91.00 Mn |
| Sep 30, 2018 | 80.98 Mn |
| Jun 30, 2018 | 84.90 Mn |
| Mar 31, 2018 | 79.28 Mn |
| Dec 31, 2017 | 72.44 Mn |
| Sep 30, 2017 | 79.64 Mn |
| Jun 30, 2017 | 70.78 Mn |
| Mar 31, 2017 | 70.33 Mn |
| Dec 31, 2016 | 57.65 Mn |
| Sep 30, 2016 | 64.83 Mn |
| Jun 30, 2016 | 55.27 Mn |
| Mar 31, 2016 | 52.39 Mn |
| Dec 31, 2015 | 52.26 Mn |
| Sep 30, 2015 | 50.66 Mn |
| Jun 30, 2015 | 48.64 Mn |
| Mar 31, 2015 | 46.68 Mn |
| Dec 31, 2014 | 45.92 Mn |
| Sep 30, 2014 | 45.35 Mn |
| Jun 30, 2014 | 48.24 Mn |
| Mar 31, 2014 | 45.55 Mn |
| Dec 31, 2013 | 42.44 Mn |
| Sep 30, 2013 | 42.64 Mn |
| Jun 30, 2013 | 40.21 Mn |
| Mar 31, 2013 | 41.24 Mn |
| Dec 31, 2012 | 41.13 Mn |
| Sep 30, 2012 | 36.25 Mn |
| Jun 30, 2012 | 38.80 Mn |
| Mar 31, 2012 | 36.16 Mn |
| Dec 31, 2011 | 36.52 Mn |
| Sep 30, 2011 | 34.55 Mn |
| Jun 30, 2011 | 31.64 Mn |
| Mar 31, 2011 | 29.58 Mn |
| Dec 31, 2010 | 30.84 Mn |
| Sep 30, 2010 | 34.69 Mn |
| Jun 30, 2010 | 23.68 Mn |