Vertiv Holdings (VRT) Operating Expenses (2017 - 2026)
Vertiv Holdings' (VRT) quarterly Operating Expenses came in at $490.5 million in Q2 2026, up 23.4% year-over-year from $397.5 million in Q2 2025, and up 8.57% quarter-over-quarter from $451.8 million in Q1 2026.
Analysis
Vertiv Holdings (VRT) Operating Expenses (2017 - 2026) Analysis & Trends
Vertiv Holdings has disclosed Operating Expenses across 10 years of filings, most recently posting $490.5 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 23.4% year-over-year to $490.5 million; the TTM figure through Jun 2026 stood at $1.9 billion (up 29.07% YoY), while the FY2025 annual figure was $1.7 billion, up 21.24% from the prior year.
- Operating Expenses came in at $490.5 million for Q2 2026 at Vertiv Holdings, up from $451.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $490.5 million in Q2 2026 to a low of $288.4 million in Q2 2022.
- Average Operating Expenses over 5 years is $361.9 million, with a median of $344.2 million recorded in 2024.
- Year-over-year, Operating Expenses retreated 8.33% in 2022 and jumped 32.97% in 2025.
- Over 5 years, Operating Expenses stood at $303.9 million in 2022, then rose by 16.45% to $353.9 million in 2023, then rose by 2.51% to $362.8 million in 2024, then jumped by 32.97% to $482.4 million in 2025, then rose by 1.68% to $490.5 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $490.5 million in Q2 2026, $451.8 million in Q1 2026, and $482.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 200.46 Bn | 194.35 Bn | 3.55 Bn | 963.40 Mn |
| 2 | Eaton | 161.54 Bn | 160.85 Bn | 2.86 Bn | 1.46 Bn |
| 3 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 490.50 Mn |
| 4 | TE Connectivity | 59.59 Bn | 58.35 Bn | 1.84 Bn | 92.00 Mn |
| 5 | nVent Electric | 25.65 Bn | 25.40 Bn | 558.00 Mn | 257.30 Mn |
| 6 | Hubbell | 24.08 Bn | 23.69 Bn | 613.00 Mn | 264.40 Mn |
| 7 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 141.00 Mn |
| 8 | Aptiv | 9.45 Bn | 8.69 Bn | 775.00 Mn | 2.91 Bn |
| 9 | Valmont Industries | 9.30 Bn | 9.17 Bn | 340.82 Mn | 174.71 Mn |
| 10 | Vicor | 8.40 Bn | 7.95 Bn | 83.12 Mn | 48.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 490.50 Mn |
| 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 |