Smith & Nephew (SNN) Operating Expenses (2009 - 2026)
Smith & Nephew's (SNN) quarterly Operating Expenses came in at -$47.0 million in Q4 2025, up 97.34% YoY from -$23.8 million in Q4 2024, and up 97.34% on a QoQ basis from -$1.8 billion in Q4 2024.
Smith & Nephew (SNN) Operating Expenses (2009 - 2026) Analysis & Trends
Smith & Nephew (SNN) has 17 years of Operating Expenses data on file, last reported at -$47.0 million in Q4 2025.
- Quarterly Operating Expenses rose 97.34% year-over-year to -$47.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$1.8 billion (up 62.7% YoY) and the FY2025 annual result came in at $3.4 billion, up 2.6% from the prior year.
- Operating Expenses climbed to -$47.0 million in Q4 2025, from -$1.8 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$47.0 million in Q4 2025 to a low of -$1.8 billion in Q4 2024.
- A 5-year average of -$1.3 billion and a median of -$1.5 billion in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses declined 12.18% — and 2025, when it surged 97.34%.
- Tracing SNN's Operating Expenses over 5 years: stood at -$1.5 billion in 2021, then decreased by 3.05% to -$1.5 billion in 2022, then retreated by 3.61% to -$1.6 billion in 2023, then slipped by 12.18% to -$1.8 billion in 2024, then surged by 97.34% to -$47.0 million in 2025.
- The last three Operating Expenses figures came in at -$47.0 million (Q4 2025), -$1.8 billion (Q4 2024), and -$1.6 billion (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 196.58 Bn | 190.98 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Stryker | 127.35 Bn | 123.88 Bn | 4.50 Bn | 2.84 Bn |
| 3 | Medtronic | 118.25 Bn | 109.03 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 74.32 Bn | 73.78 Bn | 3.85 Bn | 2.67 Bn |
| 5 | Edwards Lifesciences | 52.61 Bn | 48.36 Bn | 1.35 Bn | 846.40 Mn |
| 6 | Dexcom | 34.26 Bn | 33.16 Bn | 830.00 Mn | 511.70 Mn |
| 7 | GE HealthCare Technologies | 32.92 Bn | 30.82 Bn | 2.18 Bn | 1.44 Bn |
| 8 | Smith & Nephew | 26.16 Bn | 25.41 Bn | - | -23.00 Mn |
| 9 | Koninklijke Philips | 25.91 Bn | 22.58 Bn | 4.55 Bn | -1.20 Bn |
| 10 | Steris | 22.74 Bn | 22.25 Bn | 684.20 Mn | 398.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -23.00 Mn |
| Dec 31, 2025 | -47.00 Mn |
| Dec 31, 2024 | -1.77 Bn |
| Dec 31, 2023 | -1.58 Bn |
| Dec 31, 2022 | -1.52 Bn |
| Dec 31, 2021 | -1.48 Bn |
| Dec 31, 2020 | -1.34 Bn |
| Dec 31, 2019 | -2.94 Bn |
| Dec 31, 2018 | -2.69 Bn |
| Dec 31, 2017 | -2.58 Bn |
| Dec 31, 2016 | -2.60 Bn |
| Dec 31, 2015 | -2.80 Bn |
| Dec 31, 2014 | -2.65 Bn |
| Sep 30, 2014 | -691.00 Mn |
| Mar 31, 2014 | -714.00 Mn |
| Dec 31, 2013 | -2.42 Bn |
| Mar 31, 2013 | -625.00 Mn |
| Dec 31, 2012 | -2.22 Bn |
| Jun 30, 2012 | -567.00 Mn |
| Mar 31, 2012 | -539.00 Mn |