Growth Metrics

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

Vertiv Holdings recorded quarterly Operating Expenses of $451.8 million in Q1 2026, down 6.34% quarter-over-quarter from $482.4 million in Q4 2025, and up 30.05% year-over-year from $347.4 million in Q1 2025.

Vertiv Holdings' Operating Expenses history runs 10 years deep, the most recent figure standing at $451.8 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 30.05% year-over-year to $451.8 million; the TTM figure through Mar 2026 stood at $1.8 billion (up 25.79% YoY), while the FY2025 annual figure was $1.7 billion, up 21.24% from the prior year.
  • Operating Expenses came in at $451.8 million for Q1 2026 at Vertiv Holdings, down 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 retreated 8.33% in 2022 and jumped 32.97% in 2025, its largest moves.
  • Vertiv Holdings' Operating Expenses stood at $303.9 million in 2022, then gained by 16.45% to $353.9 million in 2023, then gained by 2.51% to $362.8 million in 2024, then surged by 32.97% to $482.4 million in 2025, then decreased by 6.34% to $451.8 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $451.8 million, $482.4 million, and $445.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn 451.80 Mn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn 153.35 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn 249.90 Mn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn 241.50 Mn
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn 132.60 Mn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn 30.13 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn 387.40 Mn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn 19.72 Mn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn 87.88 Mn
10 Hayward Holdings 3.01 Bn 2.78 Bn 118.70 Mn 69.85 Mn

Historic Data

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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
Mar 31, 2021 252.10 Mn
Dec 31, 2020 266.40 Mn
Sep 30, 2020 323.40 Mn
Jun 30, 2020 228.70 Mn
Mar 31, 2020 263.70 Mn
Dec 31, 2019 291.80 Mn
Sep 30, 2019 259.30 Mn
Jun 30, 2019 263.30 Mn
Mar 31, 2019 286.40 Mn
Dec 31, 2018 660,801.00
Sep 30, 2018 252,407.00
Jun 30, 2018 122,900.00
Mar 31, 2018 788.00
Dec 31, 2017 1,276.00