Veralto (VLTO) Operating Expenses (2022 - 2026)
Veralto (VLTO) recorded Operating Expenses of $587 million in Q2 2026, up 15.3% from $509 million a year earlier and up 13.8% from the prior quarter.
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Analysis
Veralto (VLTO) Operating Expenses (2022 - 2026) Analysis & Trends
On a TTM basis, Veralto's Operating Expenses came in at $2.13 billion as of Jul 3, 2026, up 8.8% year-over-year; for FY2025, it was $2.02 billion, up 6.6% from FY2024.
- Annual Operating Expenses has increased for three straight years, with a four-year compound annual growth rate of 4.9% (FY2021 to FY2025).
- Across earlier years, Operating Expenses came in at $1.9 billion in FY2024 (+7.7%), $1.76 billion in FY2023 (+6.9%), $1.65 billion in FY2022 (-1.4%) and $1.67 billion in FY2021.
- The Q2 2026 figure is the highest quarterly Operating Expenses in data going back to Q3 2022.
- On a year-over-year basis, Operating Expenses has increased for 12 consecutive quarters, with growth averaging 7.7% over the last eight quarters.
- The year-over-year growth in Operating Expenses has ranged between 3.9% (Q4 2025) and 15.3% (Q2 2026) over the last five years.
- Per Business Quant, the preceding three quarters came in at $516 million (Q1 2026), $512 million (Q4 2025) and $518 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 77.88 Bn | 69.66 Bn | 1.95 Bn | 1.14 Bn |
| 2 | Veralto | 23.60 Bn | 16.25 Bn | 902.00 Mn | 587.00 Mn |
| 3 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 573.00 Mn |
| 4 | Badger Meter | 3.65 Bn | 2.92 Bn | 90.77 Mn | 51.40 Mn |
| 5 | Ceco Environmental | 3.06 Bn | 2.89 Bn | 86.47 Mn | 109.35 Mn |
| 6 | NWPX Infrastructure | 986.65 Mn | 948.13 Mn | 34.36 Mn | 13.21 Mn |
| 7 | Energy Recovery | 345.43 Mn | 20.59 Mn | 8.96 Mn | 14.84 Mn |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | 9.81 Mn |
| 9 | AirJoule Technologies | 289.72 Mn | 169.35 Mn | - | 5.04 Mn |
| 10 | LanzaTech Global | 77.10 Mn | -38.04 Mn | 1.91 Mn | 18.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 587.00 Mn |
| Apr 3, 2026 | 516.00 Mn |
| Dec 31, 2025 | 512.00 Mn |
| Oct 3, 2025 | 518.00 Mn |
| Jul 4, 2025 | 509.00 Mn |
| Apr 4, 2025 | 483.00 Mn |
| Dec 31, 2024 | 493.00 Mn |
| Sep 27, 2024 | 475.00 Mn |
| Jun 28, 2024 | 475.00 Mn |
| Mar 29, 2024 | 454.00 Mn |
| Dec 31, 2023 | 460.00 Mn |
| Sep 29, 2023 | 450.00 Mn |
| Jun 30, 2023 | 435.00 Mn |
| Mar 31, 2023 | 416.00 Mn |
| Dec 31, 2022 | 417.00 Mn |
| Sep 30, 2022 | 409.00 Mn |
API Access
Veralto 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=VLTO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "VLTO", "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=VLTO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();