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| Date | Value |
|---|---|
| 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 |