Valero Energy (VLO) Operating Expenses (2009 - 2026)

Valero Energy's Operating Expenses history runs 18 years deep, the most recent figure standing at $385.0 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 47.51% year-over-year to $385.0 million; the TTM figure through Mar 2026 stood at $3.5 billion (up 259.54% YoY), while the FY2025 annual figure was $3.3 billion, up 16.81% from the prior year.
• Operating Expenses was $385.0 million for Q1 2026 at Valero Energy, down from $2.4 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $2.4 billion in Q4 2025 to a low of $203.0 million in Q2 2024.
• Historically, Operating Expenses has averaged $389.4 million across 5 years, with a median of $258.0 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses plunged 85.45% in 2022, then soared 807.89% in 2025.
• A 5-year view of Operating Expenses shows it stood at $282.0 million in 2022, then increased by 4.61% to $295.0 million in 2023, then retreated by 9.83% to $266.0 million in 2024, then jumped by 807.89% to $2.4 billion in 2025, then slumped by 84.06% to $385.0 million in 2026.
• The last three Operating Expenses figures came in at $385.0 million (Q1 2026), $2.4 billion (Q4 2025), and $346.0 million (Q3 2025), per Business Quant data.