Reliance (RS) Operating Expenses (2009 - 2026)
Reliance (RS) reported Operating Expenses of $4.19 billion for Q2 2026, up 25.1% from $3.35 billion a year earlier and up 14.5% from the prior quarter.
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Analysis
Reliance (RS) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Reliance's Operating Expenses came in at $14.57 billion, up 14.8% year-over-year; for FY2025, it was $13.28 billion, up 4.8% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 10.0% (FY2020 to FY2025).
- By year, Operating Expenses came in at $12.68 billion in FY2024 (-3.0%), $13.07 billion in FY2023 (-10.0%), $14.52 billion in FY2022 (+19.5%) and $12.14 billion in FY2021 (+47.3%).
- The Q2 2026 figure ranks as the highest quarterly Operating Expenses in data going back to Q2 2009.
- Year over year, Operating Expenses has now increased in each of the last five quarters, with growth averaging 6.9% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q4 2021 (growth of 75.6%); the low point was Q2 2023 (a decline of 13.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $3.66 billion (Q1 2026), $3.33 billion (Q4 2025) and $3.39 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 58.83 Bn | 56.81 Bn | 1.98 Bn | 1.18 Bn |
| 2 | Fastenal | 57.33 Bn | 56.25 Bn | 1.06 Bn | 561.80 Mn |
| 3 | Ferguson Enterprises | 43.46 Bn | 40.68 Bn | 2.32 Bn | 1.61 Bn |
| 4 | Sunbelt Rentals Holdings | 30.25 Bn | 30.13 Bn | 1.25 Bn | 989.00 Mn |
| 5 | Reliance | 19.78 Bn | 18.82 Bn | 1.30 Bn | 4.19 Bn |
| 6 | Wesco International | 17.79 Bn | 15.10 Bn | 1.46 Bn | 1.02 Bn |
| 7 | Applied Industrial Technologies | 12.37 Bn | 12.24 Bn | 411.22 Mn | 251.91 Mn |
| 8 | Watsco | 10.71 Bn | 8.87 Bn | 578.93 Mn | 348.99 Mn |
| 9 | Avantor | 10.31 Bn | 9.11 Bn | 537.00 Mn | 415.20 Mn |
| 10 | Core & Main | 7.69 Bn | 6.99 Bn | 573.00 Mn | 346.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.19 Bn |
| Mar 31, 2026 | 3.66 Bn |
| Dec 31, 2025 | 3.33 Bn |
| Sep 30, 2025 | 3.39 Bn |
| Jun 30, 2025 | 3.35 Bn |
| Mar 31, 2025 | 3.21 Bn |
| Dec 31, 2024 | 2.98 Bn |
| Sep 30, 2024 | 3.15 Bn |
| Jun 30, 2024 | 3.29 Bn |
| Mar 31, 2024 | 3.25 Bn |
| Dec 31, 2023 | 3.01 Bn |
| Sep 30, 2023 | 3.23 Bn |
| Jun 30, 2023 | 3.37 Bn |
| Mar 31, 2023 | 3.45 Bn |
| Dec 31, 2022 | 3.16 Bn |
| Sep 30, 2022 | 3.70 Bn |
| Jun 30, 2022 | 3.89 Bn |
| Mar 31, 2022 | 3.77 Bn |
| Dec 31, 2021 | 3.43 Bn |
| Sep 30, 2021 | 3.30 Bn |
API Access
Reliance Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();