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
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 |
| 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 |