Merit Medical Systems (MMSI) Operating Expenses (2010 - 2026)
Merit Medical Systems (MMSI) posted Operating Expenses of $154.8 million for Q2 2026, up 10.04% sequentially from $140.6 million in Q1 2026, and up 12.47% YoY from $137.6 million in Q2 2025.
Merit Medical Systems (MMSI) Operating Expenses (2010 - 2026) Analysis & Trends
Merit Medical Systems has reported Operating Expenses for 17 years, with the latest figure at $154.8 million in Q2 2026.
- Quarterly Operating Expenses rose 12.47% year-over-year to $154.8 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $580.4 million (up 10.48% YoY) and the FY2025 annual result came in at $553.6 million, up 13.52% from the prior year.
- Operating Expenses advanced to $154.8 million in Q2 2026 per MMSI's latest filing, from $140.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $154.8 million in Q2 2026 and troughed at $104.1 million in Q4 2022.
- A 5-year average of $123.8 million and a median of $118.6 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses fell 7.11% in 2024, then climbed 19.56% in 2025.
- Over 5 years, Operating Expenses stood at $104.1 million in 2022, then gained by 12.27% to $116.9 million in 2023, then increased by 16.68% to $136.4 million in 2024, then climbed by 3.47% to $141.2 million in 2025, then gained by 9.64% to $154.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $154.8 million, $140.6 million, and $141.2 million 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 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 988.50 Mn |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 4.32 Bn |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | 1.63 Bn |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 412.51 Mn |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | 1.82 Bn |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 137.30 Mn |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 1.11 Bn |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | 718.70 Mn |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 864.00 Mn |
| 10 | Merit Medical Systems | 5.39 Bn | 4.94 Bn | 215.17 Mn | 154.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 154.76 Mn |
| 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 |