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| 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 |