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| 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 |