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Quanta Services (PWR) Operating Expenses (2016 - 2025)

Quanta Services' Operating Expenses history spans 17 years, with the latest figure at $593.9 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 17.34% year-over-year to $593.9 million; the TTM value through Dec 2025 reached $2.2 billion, up 19.97%, while the annual FY2025 figure was $2.2 billion, 19.97% up from the prior year.
  • Operating Expenses for Q4 2025 was $593.9 million at Quanta Services, up from $572.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $593.9 million in Q4 2025 and bottomed at $243.4 million in Q1 2021.
  • The 5-year median for Operating Expenses is $393.2 million (2023), against an average of $412.4 million.
  • The largest annual shift saw Operating Expenses surged 33.5% in 2022 before it grew 4.63% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $274.8 million in 2021, then grew by 24.12% to $341.1 million in 2022, then rose by 17.22% to $399.9 million in 2023, then increased by 26.58% to $506.2 million in 2024, then grew by 17.34% to $593.9 million in 2025.
  • Per Business Quant, the three most recent readings for PWR's Operating Expenses are $593.9 million (Q4 2025), $572.9 million (Q3 2025), and $528.4 million (Q2 2025).