Sanofi (SNY) Operating Expenses (2009 - 2026)
Sanofi's (SNY) quarterly Operating Expenses came in at -$6.0 billion in Q2 2026, down 16.87% year-over-year from -$7.2 billion in Q2 2025, and down 16.26% quarter-over-quarter from -$5.1 billion in Q1 2026.
Analysis
Sanofi (SNY) Operating Expenses (2009 - 2026) Analysis & Trends
Sanofi has disclosed Operating Expenses across 18 years of filings, most recently posting -$6.0 billion for Q2 2026.
- In Q2 2026, Operating Expenses fell 16.87% year-over-year to -$6.0 billion; the TTM figure through Jun 2026 stood at -$47.8 billion (down 42.96% YoY), while the FY2025 annual figure was $18.9 billion, up 197.22% from the prior year.
- Operating Expenses came in at -$6.0 billion for Q2 2026 at Sanofi, down from -$5.1 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$4.5 billion in Q1 2025 to a low of -$21.6 billion in Q4 2025.
- Average Operating Expenses over 5 years is -$8.6 billion, with a median of -$5.0 billion recorded in 2025.
- Year-over-year, Operating Expenses climbed 10.27% in 2022 and sank 229.95% in 2025.
- Over 5 years, Operating Expenses stood at -$16.7 billion in 2022, then retreated by 5.87% to -$17.7 billion in 2023, then slipped by 8.38% to -$19.2 billion in 2024, then declined by 12.27% to -$21.6 billion in 2025, then jumped by 72.28% to -$6.0 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$6.0 billion in Q2 2026, -$5.1 billion in Q1 2026, and -$21.6 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 650.65 Bn | 629.89 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 466.34 Bn | 459.82 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 362.11 Bn | 355.02 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 267.81 Bn | 260.52 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Pfizer | 157.31 Bn | 145.91 Bn | 10.94 Bn | 6.68 Bn |
| 6 | Bristol Myers Squibb | 128.75 Bn | 117.69 Bn | 9.25 Bn | 8.89 Bn |
| 7 | Sanofi | 51.80 Bn | 44.84 Bn | 10.79 Bn | -5.98 Bn |
| 8 | Revolution Medicines | 40.91 Bn | 40.91 Bn | - | 505.13 Mn |
| 9 | BeOne Medicines | 39.65 Bn | 34.55 Bn | 1.53 Bn | 1.21 Bn |
| 10 | Incyte | 25.18 Bn | 20.65 Bn | 1.57 Bn | 976.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.98 Bn |
| Mar 31, 2026 | -5.14 Bn |
| Dec 31, 2025 | -21.56 Bn |
| Sep 30, 2025 | -15.14 Bn |
| Jun 30, 2025 | -5.11 Bn |
| Mar 31, 2025 | -4.54 Bn |
| Dec 31, 2024 | -19.21 Bn |
| Sep 30, 2024 | -4.59 Bn |
| Jun 30, 2024 | -4.63 Bn |
| Mar 31, 2024 | -4.77 Bn |
| Dec 31, 2023 | -17.72 Bn |
| Sep 30, 2023 | -4.90 Bn |
| Jun 30, 2023 | -4.91 Bn |
| Mar 31, 2023 | -4.83 Bn |
| Dec 31, 2022 | -16.74 Bn |
| Sep 30, 2022 | -4.79 Bn |
| Jun 30, 2022 | -5.17 Bn |
| Mar 31, 2022 | -4.75 Bn |
| Dec 31, 2021 | -18.65 Bn |
| Sep 30, 2021 | -4.58 Bn |