Stryker (SYK) Operating Expenses (2009 - 2026)
Stryker (SYK) reported Operating Expenses of $2.9 billion for Q1 2026, down 1.14% year-over-year from $2.9 billion in Q1 2025, and up 1.77% quarter-over-quarter from $2.8 billion in Q4 2025.
Stryker (SYK) Operating Expenses (2009 - 2026) Analysis & Trends
Stryker (SYK) has 18 years of Operating Expenses data on file, last reported at $2.9 billion in Q1 2026.
- Operating Expenses for Q1 2026 came in at $2.9 billion, down 1.14% year-over-year; the trailing twelve-month figure through Mar 2026 was $11.1 billion (down 1.36% YoY), and the FY2025 annual result was $11.2 billion, up 3.95% from the prior year.
- Operating Expenses improved to $2.9 billion in Q1 2026 per SYK's latest filing, from $2.8 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $3.6 billion in Q4 2024 and troughed at $2.0 billion in Q3 2022.
- A 5-year average of $2.5 billion and a median of $2.4 billion in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 46.89% in 2024, then fell 21.4% in 2025.
- A 5-year view of Operating Expenses shows it stood at $2.4 billion in 2022, then gained by 0.99% to $2.4 billion in 2023, then jumped by 46.89% to $3.6 billion in 2024, then slipped by 21.4% to $2.8 billion in 2025, then grew by 1.77% to $2.9 billion in 2026.
- Business Quant data shows SYK's Operating Expenses at $2.9 billion in Q1 2026, $2.8 billion in Q4 2025, and $2.7 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 9.82 Bn |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 2.87 Bn |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 3.76 Bn |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 2.51 Bn |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 822.60 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -668.50 Mn |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 495.00 Mn |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 1.46 Bn |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 380.30 Mn |
| 10 | Zimmer Biomet Holdings | 17.18 Bn | 16.77 Bn | 1.51 Bn | 1.71 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.87 Bn |
| Dec 31, 2025 | 2.82 Bn |
| Sep 30, 2025 | 2.72 Bn |
| Jun 30, 2025 | 2.73 Bn |
| Mar 31, 2025 | 2.91 Bn |
| Dec 31, 2024 | 3.59 Bn |
| Sep 30, 2024 | 2.43 Bn |
| Jun 30, 2024 | 2.37 Bn |
| Mar 31, 2024 | 2.36 Bn |
| Dec 31, 2023 | 2.45 Bn |
| Sep 30, 2023 | 2.23 Bn |
| Jun 30, 2023 | 2.22 Bn |
| Mar 31, 2023 | 2.28 Bn |
| Dec 31, 2022 | 2.42 Bn |
| Sep 30, 2022 | 1.97 Bn |
| Jun 30, 2022 | 2.05 Bn |
| Mar 31, 2022 | 2.29 Bn |
| Dec 31, 2021 | 2.23 Bn |
| Sep 30, 2021 | 2.07 Bn |
| Jun 30, 2021 | 2.04 Bn |