Stryker (SYK) Operating Expenses (2009 - 2026)
Stryker's (SYK) quarterly Operating Expenses came in at $2.9 billion in Q1 2026, down 1.14% year-on-year from $2.9 billion in Q1 2025, and up 1.77% on a QoQ basis 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.
- On a quarterly basis, Operating Expenses fell 1.14% year-over-year to $2.9 billion in Q1 2026; TTM through Mar 2026 was $11.1 billion, a 1.36% decrease from a year earlier, with the FY2025 full-year figure at $11.2 billion, up 3.95% from the prior year.
- Operating Expenses for Q1 2026 stood at $2.9 billion, up from $2.8 billion in the prior quarter.
- Over the last five years, Operating Expenses for SYK reached as high as $3.6 billion in Q4 2024 and fell as low as $2.0 billion in Q3 2022.
- Historically, Operating Expenses has averaged $2.5 billion across 5 years, with a median of $2.4 billion in 2022.
- Across the five-year window, Operating Expenses surged 46.89% in 2024 and dropped 21.4% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $2.4 billion in 2022, then grew by 0.99% to $2.4 billion in 2023, then jumped by 46.89% to $3.6 billion in 2024, then fell by 21.4% to $2.8 billion in 2025, then gained by 1.77% to $2.9 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $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 | 201.40 Bn | 194.75 Bn | 6.27 Bn | 9.82 Bn |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 2.87 Bn |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 2.51 Bn |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 785.50 Mn |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 495.00 Mn |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | -668.50 Mn |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 1.46 Bn |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | -47.00 Mn |
| 10 | Steris | 20.59 Bn | 20.16 Bn | 697.10 Mn | 380.30 Mn |
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 |