Parker-Hannifin (PH) Operating Expenses (2009 - 2025)

Parker-Hannifin (PH) posted annual Operating Expenses of $3.3 billion for FY2025, down 1.81% year-over-year from $3.3 billion in FY2024.

Parker-Hannifin (PH) Operating Expenses (2009 - 2025) Analysis & Trends

Parker-Hannifin (PH) has reported Operating Expenses for 17 consecutive years, with $3.3 billion the latest figure, recorded in FY2025.

In Q1 2026, Operating Expenses rose 12.61% year-over-year to $884.0 million; the TTM figure through Mar 2026 stood at $3.4 billion (up 6.15% YoY), while the FY2025 annual figure was $3.3 billion, down 1.81% from the prior year.
Operating Expenses declined to $3.3 billion in FY2025 per PH's latest filing, from $3.3 billion in the prior year.
Across five years, Operating Expenses topped out at $3.4 billion in FY2023 and bottomed at $2.4 billion in FY2021.
Historically, Operating Expenses has averaged $3.0 billion across 5 years, with a median of $3.3 billion in 2025.
Annual changes were most pronounced in 2021 — Operating Expenses jumped 43.88% — and 2025, when it declined 1.81%.
Parker-Hannifin's Operating Expenses stood at $2.4 billion in 2021, then advanced by 5.06% to $2.5 billion in 2022, then soared by 33.94% to $3.4 billion in 2023, then retreated by 1.16% to $3.3 billion in 2024, then slipped by 1.81% to $3.3 billion in 2025.
Business Quant data shows PH's Operating Expenses at $3.3 billion in FY2025, $3.3 billion in FY2024, and $3.4 billion in FY2023.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Opex (Yr)
1	GE Vernova	259.17 Bn	246.05 Bn	2.36 Bn	-
2	Eaton	161.52 Bn	160.83 Bn	2.86 Bn	-
3	Parker-Hannifin	126.40 Bn	125.92 Bn	2.02 Bn	-
4	Emerson Electric	86.56 Bn	84.38 Bn	2.66 Bn	-
5	Cummins	81.89 Bn	77.22 Bn	2.47 Bn	-
6	Illinois Tool Works	80.94 Bn	80.10 Bn	1.90 Bn	-
7	Ametek	54.90 Bn	54.40 Bn	735.04 Mn	-
8	Rockwell Automation	47.96 Bn	47.48 Bn	1.14 Bn	-
9	Ingersoll Rand	30.93 Bn	29.76 Bn	862.60 Mn	-
10	Otis Worldwide	27.48 Bn	26.67 Bn	1.14 Bn	-

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