Stryker (SYK) Operating Expenses (2009 - 2026)
Stryker (SYK) posted quarterly Operating Expenses of $2.8 billion for Q2 2026, up 4.07% year-over-year from $2.7 billion in Q2 2025, and down 1.22% on a QoQ basis from $2.9 billion in Q1 2026.
Stryker (SYK) Operating Expenses (2009 - 2026) Analysis & Trends
Stryker has reported Operating Expenses for 18 years, with the latest figure at $2.8 billion in Q2 2026.
- Operating Expenses for Q2 2026 came in at $2.8 billion, up 4.07% year-over-year; the trailing twelve-month figure through Jun 2026 was $11.3 billion (down 3.48% YoY), and the FY2025 annual result was $11.2 billion, up 3.95% from the prior year.
- Operating Expenses slipped to $2.8 billion in Q2 2026, 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.
- The widest annual swing landed in 2024, when Operating Expenses surged 46.89%; it then dropped 21.4% in 2025.
- A 5-year view of Operating Expenses shows it stood at $2.4 billion in 2022, then advanced by 0.99% to $2.4 billion in 2023, then surged by 46.89% to $3.6 billion in 2024, then dropped by 21.4% to $2.8 billion in 2025, then rose by 0.53% to $2.8 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $2.8 billion in Q2 2026, $2.9 billion in Q1 2026, and $2.8 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.90 Bn | 194.30 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Stryker | 130.01 Bn | 126.54 Bn | 4.50 Bn | 2.84 Bn |
| 3 | Medtronic | 120.53 Bn | 111.31 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 74.77 Bn | 74.24 Bn | 3.85 Bn | 2.67 Bn |
| 5 | Edwards Lifesciences | 52.74 Bn | 48.49 Bn | 1.35 Bn | 846.40 Mn |
| 6 | Dexcom | 34.74 Bn | 32.79 Bn | 830.00 Mn | 511.70 Mn |
| 7 | GE HealthCare Technologies | 33.78 Bn | 31.67 Bn | 2.18 Bn | 1.44 Bn |
| 8 | Koninklijke Philips | 26.43 Bn | 23.11 Bn | 4.55 Bn | -741.59 Mn |
| 9 | Steris | 23.15 Bn | 22.67 Bn | 684.20 Mn | 398.30 Mn |
| 10 | Zimmer Biomet Holdings | 19.43 Bn | 19.02 Bn | 1.54 Bn | 1.85 Bn |
Historic Data
Download 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 |