Travelers Companies (TRV) Operating Expenses (2009 - 2026)
Travelers Companies' Operating Expenses came in at $10.04 billion for Q3 2026, down 0.8% from $10.13 billion a year earlier but up 7.0% from the prior quarter.
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Analysis
Travelers Companies (TRV) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Travelers Companies reported Operating Expenses of $38.56 billion, down 6.2% year-over-year; for FY2025, it was $41.03 billion, up 2.0% from FY2024.
- Operating Expenses has increased in each of the last ten years, with a five-year compound annual growth rate of 7.4% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $40.24 billion in FY2024 (+5.9%), $37.99 billion in FY2023 (+13.3%), $33.53 billion in FY2022 (+10.4%) and $30.36 billion in FY2021 (+5.6%).
- The five-year range for quarterly Operating Expenses is $7.36 billion (Q4 2021) to $11.34 billion (Q1 2025).
- Year-over-year, Operating Expenses has declined for six consecutive quarters, with an average decline of 1.1% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q2 2023 (growth of 19.7%), and the weakest in Q1 2026 (a decline of 13.6%).
- Business Quant data shows TRV's Operating Expenses at $9.39 billion (Q2 2026), $9.81 billion (Q1 2026) and $9.33 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 142.34 Bn | 87.98 Bn | 8.67 Bn | 12.79 Bn |
| 2 | Progressive | 136.64 Bn | 136.64 Bn | - | 19.96 Bn |
| 3 | Marsh & Mclennan Companies | 98.05 Bn | 90.21 Bn | - | 5.65 Bn |
| 4 | Travelers Companies | 84.07 Bn | 84.07 Bn | - | 10.04 Bn |
| 5 | Manulife Financial | 76.36 Bn | -18.52 Bn | - | 902.21 Mn |
| 6 | Arthur J. Gallagher | 71.85 Bn | 71.85 Bn | - | - |
| 7 | Aon | 70.83 Bn | 50.04 Bn | - | 3.29 Bn |
| 8 | Allstate | 67.61 Bn | 28.88 Bn | 8.73 Bn | 14.45 Bn |
| 9 | Metlife | 64.94 Bn | -41.84 Bn | 7.82 Bn | 18.12 Bn |
| 10 | Aflac | 62.72 Bn | 37.94 Bn | 2.27 Bn | 3.12 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.04 Bn |
| Jun 30, 2026 | 9.39 Bn |
| Mar 31, 2026 | 9.81 Bn |
| Dec 31, 2025 | 9.33 Bn |
| Sep 30, 2025 | 10.13 Bn |
| Jun 30, 2025 | 10.24 Bn |
| Mar 31, 2025 | 11.34 Bn |
| Dec 31, 2024 | 9.41 Bn |
| Sep 30, 2024 | 10.34 Bn |
| Jun 30, 2024 | 10.63 Bn |
| Mar 31, 2024 | 9.86 Bn |
| Dec 31, 2023 | 8.91 Bn |
| Sep 30, 2023 | 10.16 Bn |
| Jun 30, 2023 | 10.15 Bn |
| Mar 31, 2023 | 8.78 Bn |
| Dec 31, 2022 | 8.65 Bn |
| Sep 30, 2022 | 8.78 Bn |
| Jun 30, 2022 | 8.48 Bn |
| Mar 31, 2022 | 7.63 Bn |
| Dec 31, 2021 | 7.36 Bn |
API Access
Travelers Companies Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=TRV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "TRV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=TRV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();