Stryker (SYK) Operating Expenses (2009 - 2026)
Stryker's (SYK) quarterly Operating Expenses came in at $2.8 billion in Q2 2026, up 4.07% year-over-year from $2.7 billion in Q2 2025, and down 1.22% quarter-over-quarter from $2.9 billion in Q1 2026.
Analysis
Stryker (SYK) Operating Expenses (2009 - 2026) Analysis & Trends
Stryker (SYK) has reported Operating Expenses for 18 consecutive years, with $2.8 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 4.07% year-over-year to $2.8 billion in Q2 2026; TTM through Jun 2026 was $11.3 billion, a 3.48% decrease from a year earlier, with the FY2025 full-year figure at $11.2 billion, up 3.95% from the prior year.
- Operating Expenses was $2.8 billion for Q2 2026 at Stryker, down from $2.9 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.
- Across the five-year window, Operating Expenses soared 46.89% in 2024 and declined 21.4% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $2.4 billion in 2022, then rose by 0.99% to $2.4 billion in 2023, then soared by 46.89% to $3.6 billion in 2024, then decreased by 21.4% to $2.8 billion in 2025, then grew by 0.53% to $2.8 billion in 2026.
- The last three Operating Expenses figures came in at $2.8 billion (Q2 2026), $2.9 billion (Q1 2026), and $2.8 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.80 Bn | 178.19 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Intuitive Surgical | 124.42 Bn | 119.20 Bn | 1.96 Bn | 988.50 Mn |
| 3 | Medtronic | 118.24 Bn | 109.42 Bn | 6.34 Bn | 3.97 Bn |
| 4 | Stryker | 105.02 Bn | 101.55 Bn | 4.50 Bn | 2.84 Bn |
| 5 | Boston Scientific | 66.48 Bn | 65.94 Bn | 3.85 Bn | 2.67 Bn |
| 6 | Edwards Lifesciences | 49.74 Bn | 45.49 Bn | 1.35 Bn | 846.40 Mn |
| 7 | Alcon | 33.94 Bn | 32.48 Bn | 1.68 Bn | -1.63 Bn |
| 8 | Dexcom | 32.34 Bn | 30.40 Bn | 830.00 Mn | 511.70 Mn |
| 9 | Steris | 21.14 Bn | 20.66 Bn | 684.20 Mn | 398.30 Mn |
| 10 | Zimmer Biomet Holdings | 18.16 Bn | 17.75 Bn | 1.54 Bn | 1.85 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.84 Bn |
| 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 |