Solventum (SOLV) Operating Expenses (2023 - 2026)

Solventum (SOLV) reported Operating Expenses of $1.0 billion for Q1 2026, up 3.67% on a YoY basis from $980.0 million in Q1 2025, and up 8.78% quarter-over-quarter from $934.0 million in Q4 2025.

Solventum (SOLV) Operating Expenses (2023 - 2026) Analysis & Trends

Solventum has reported Operating Expenses for 4 years, with the latest figure at $1.0 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 3.67% year-over-year to $1.0 billion; the trailing twelve-month figure through Mar 2026 stood at $3.9 billion (down 30.77% YoY), and the FY2025 full-year result was $3.8 billion, up 6.27% from the prior year.
  • Operating Expenses for Q1 2026 stood at $1.0 billion, up from $934.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $1.8 billion in Q2 2024, with the low at $808.0 million in Q4 2023.
  • Historically, Operating Expenses has averaged $1.3 billion across 4 years, with a median of $1.0 billion in 2026.
  • Annual changes were most pronounced in 2024 — Operating Expenses climbed 21.66% — and 2025, when it slumped 47.25%.
  • Solventum's Operating Expenses stood at $808.0 million in 2023, then gained by 21.66% to $983.0 million in 2024, then decreased by 4.98% to $934.0 million in 2025, then grew by 8.78% to $1.0 billion in 2026.
  • The last three Operating Expenses figures came in at $1.0 billion (Q1 2026), $934.0 million (Q4 2025), and $963.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 975.20 Mn
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 4.62 Bn
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 1.42 Bn
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 391.17 Mn
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 115.30 Mn
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 1.02 Bn
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 718.70 Mn
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 594.63 Mn
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 867.00 Mn
10 Aptargroup 7.72 Bn 7.52 Bn 351.91 Mn 875.37 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.02 Bn
Dec 31, 2025 934.00 Mn
Sep 30, 2025 963.00 Mn
Jun 30, 2025 969.00 Mn
Mar 31, 2025 980.00 Mn
Dec 31, 2024 983.00 Mn
Sep 30, 2024 1.81 Bn
Jun 30, 2024 1.84 Bn
Mar 31, 2024 1.64 Bn
Dec 31, 2023 808.00 Mn
Sep 30, 2023 1.57 Bn
Jun 30, 2023 1.66 Bn
Mar 31, 2023 1.65 Bn