Valaris (VAL) Operating Expenses (2009 - 2026)
Valaris' Operating Expenses came in at $498.7 million for Q2 2026, up 10.8% from $450 million a year earlier and up 10.3% from the prior quarter.
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Analysis
Valaris (VAL) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Valaris reported Operating Expenses of $1.92 billion, down 0.5% year-over-year; for FY2025, it came in at $1.9 billion, down 4.9% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of -20.2% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $2 billion in FY2024 (+14.6%), $1.74 billion in FY2023 (+9.7%), $1.59 billion in FY2022 (+87.4%) and $848.4 million in FY2021 (-85.6%).
- The five-year range for quarterly Operating Expenses is $372.6 million (Q1 2022) to $524.4 million (Q3 2024).
- Year-over-year, Operating Expenses increased in four of the last eight quarters, with growth averaging 1.2%.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2024 (growth of 18.9%), and the weakest in Q3 2025 (a decline of 10.5%).
- Business Quant data shows VAL's Operating Expenses at $452.2 million (Q1 2026), $500.5 million (Q4 2025) and $469.6 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 74.52 Bn | 70.45 Bn | 1.40 Bn | 324.00 Mn |
| 2 | Baker Hughes | 55.17 Bn | 18.27 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Halliburton | 28.16 Bn | 19.87 Bn | 804.00 Mn | 4.94 Bn |
| 4 | TechnipFMC | 27.25 Bn | 23.39 Bn | 684.70 Mn | 2.28 Bn |
| 5 | Noble | 6.82 Bn | 4.75 Bn | 239.27 Mn | 689.21 Mn |
| 6 | Nov | 6.80 Bn | 1.54 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Transocean | 6.52 Bn | 4.23 Bn | 358.00 Mn | 812.00 Mn |
| 8 | Valaris | 6.12 Bn | 3.74 Bn | 123.70 Mn | 498.70 Mn |
| 9 | Weatherford International | 5.69 Bn | 1.62 Bn | 333.00 Mn | 998.00 Mn |
| 10 | Kodiak Gas Services | 4.53 Bn | 4.29 Bn | 246.76 Mn | 266.88 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 498.70 Mn |
| Mar 31, 2026 | 452.20 Mn |
| Dec 31, 2025 | 500.50 Mn |
| Sep 30, 2025 | 469.60 Mn |
| Jun 30, 2025 | 450.00 Mn |
| Mar 31, 2025 | 480.30 Mn |
| Dec 31, 2024 | 475.90 Mn |
| Sep 30, 2024 | 524.40 Mn |
| Jun 30, 2024 | 500.90 Mn |
| Mar 31, 2024 | 498.10 Mn |
| Dec 31, 2023 | 453.80 Mn |
| Sep 30, 2023 | 440.90 Mn |
| Jun 30, 2023 | 424.40 Mn |
| Mar 31, 2023 | 424.90 Mn |
| Dec 31, 2022 | 401.10 Mn |
| Sep 30, 2022 | 378.50 Mn |
| Jun 30, 2022 | 437.60 Mn |
| Mar 31, 2022 | 372.60 Mn |
| Sep 30, 2021 | 326.20 Mn |
| Jun 30, 2021 | 197.90 Mn |
API Access
Valaris 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=VAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "VAL", "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=VAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();