Vale (VALE) Operating Expenses (2009 - 2025)

Vale has disclosed Operating Expenses across 17 years of filings, most recently posting -$308.0 million for Q3 2025.

• Operating Expenses for Q3 2025 came in at -$308.0 million, up 6.98% year-over-year; the trailing twelve-month figure through Dec 2025 was -$864.6 million (up 39.1% YoY), and the FY2024 annual result was -$1.3 billion, down 4.07% from the prior year.
• Operating Expenses came in at -$308.0 million for Q3 2025 at Vale, down from -$289.7 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$203.9 million in Q1 2021 to a low of -$463.7 million in Q4 2024.
• The 5-year median for Operating Expenses is -$296.9 million (2024), against an average of -$303.5 million.
• Across the five-year window, Operating Expenses tumbled 150.49% in 2021 and climbed 11.66% in 2025, its largest moves.
• Vale's Operating Expenses stood at -$308.5 million in 2021, then dropped by 18.6% to -$365.9 million in 2022, then declined by 3.12% to -$377.3 million in 2023, then fell by 22.9% to -$463.7 million in 2024, then jumped by 33.59% to -$308.0 million in 2025.
• The last three Operating Expenses figures came in at -$308.0 million (Q3 2025), -$289.7 million (Q2 2025), and -$266.9 million (Q1 2025), per Business Quant data.