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

Vertiv Holdings' (VRT) quarterly Operating Expenses came in at $451.8 million in Q1 2026, up 30.05% year-on-year from $347.4 million in Q1 2025, and down 6.34% quarter-over-quarter from $482.4 million in Q4 2025.

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

Vertiv Holdings has disclosed Operating Expenses across 10 years of filings, most recently posting $451.8 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $451.8 million, up 30.05% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.8 billion (up 25.79% YoY), and the FY2025 annual result 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.
  • The 5-year median for Operating Expenses is $340.9 million (2024), against an average of $354.3 million.
  • Across the five-year window, Operating Expenses fell 8.33% in 2022 and soared 32.97% in 2025, its largest moves.
  • Vertiv Holdings' 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 retreated by 6.34% to $451.8 million in 2026.
  • The last three Operating Expenses figures came in at $451.8 million (Q1 2026), $482.4 million (Q4 2025), and $445.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Novonix 479.97 Bn 479.92 Bn - -
2 Vertiv Holdings 114.69 Bn 112.19 Bn 999.70 Mn 451.80 Mn
3 Bloom Energy 79.53 Bn 77.06 Bn 225.54 Mn 153.35 Mn
4 nVent Electric 27.08 Bn 26.89 Bn 445.60 Mn 249.90 Mn
5 Hubbell 26.67 Bn 26.16 Bn 505.30 Mn 241.50 Mn
6 Advanced Energy Industries 13.19 Bn 13.19 Bn 200.90 Mn 132.60 Mn
7 Powell Industries 10.63 Bn 10.09 Bn 87.94 Mn 30.13 Mn
8 Ballard Power Systems 10.07 Bn 9.54 Bn 5.64 Mn 16.90 Mn
9 Acuity Inc. (De) 9.39 Bn 9.12 Bn 520.40 Mn 387.40 Mn
10 EnerSys 8.53 Bn 8.10 Bn 290.87 Mn 19.72 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