Vertiv Holdings (VRT) Operating Expenses (2017 - 2026)

Vertiv Holdings (VRT) reported Operating Expenses of $451.8 million for Q1 2026, up 30.05% on a YoY basis from $347.4 million in Q1 2025, and down 6.34% sequentially from $482.4 million in Q4 2025.

Vertiv Holdings (VRT) Operating Expenses (2017 - 2026) Analysis & Trends

Vertiv Holdings (VRT) has 10 years of Operating Expenses data on file, last reported at $451.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 30.05% year-over-year to $451.8 million; the trailing twelve-month figure through Mar 2026 stood at $1.8 billion (up 25.79% YoY), and the FY2025 full-year result was $1.7 billion, up 21.24% from the prior year.
  • Operating Expenses declined to $451.8 million in Q1 2026, from $482.4 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $482.4 million in Q4 2025 to a low of $288.4 million in Q2 2022.
  • A 5-year average of $354.3 million and a median of $340.9 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses fell 8.33% in 2022 and soared 32.97% in 2025, its largest moves.
  • Tracing VRT's Operating Expenses over 5 years: stood at $303.9 million in 2022, then increased by 16.45% to $353.9 million in 2023, then increased by 2.51% to $362.8 million in 2024, then soared by 32.97% to $482.4 million in 2025, then fell by 6.34% to $451.8 million in 2026.
  • Business Quant data shows VRT's Operating Expenses at $451.8 million in Q1 2026, $482.4 million in Q4 2025, and $445.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 2.76 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 451.80 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 153.35 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 241.50 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 249.90 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 132.60 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 413.10 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 30.13 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 589.73 Mn
10 Hayward Holdings 3.13 Bn 2.90 Bn 118.70 Mn 69.85 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 451.80 Mn
Dec 31, 2025 482.40 Mn
Sep 30, 2025 445.00 Mn
Jun 30, 2025 397.50 Mn
Mar 31, 2025 347.40 Mn
Dec 31, 2024 362.80 Mn
Sep 30, 2024 340.90 Mn
Jun 30, 2024 361.30 Mn
Mar 31, 2024 314.30 Mn
Dec 31, 2023 353.90 Mn
Sep 30, 2023 328.50 Mn
Jun 30, 2023 336.70 Mn
Mar 31, 2023 321.80 Mn
Dec 31, 2022 303.90 Mn
Sep 30, 2022 293.70 Mn
Jun 30, 2022 288.40 Mn
Mar 31, 2022 293.00 Mn
Dec 31, 2021 331.50 Mn
Sep 30, 2021 254.00 Mn
Jun 30, 2021 272.80 Mn