Vistra (VST) Total Operating Expenses (2016 - 2026)
Vistra's Operating Expenses came in at $683 million for Q3 2026, up 4.3% from $655 million a year earlier but down 19.9% from the prior quarter.
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Analysis
Vistra (VST) Total Operating Expenses (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Vistra reported Operating Expenses of $2.96 billion, up 7.4% year-over-year; for FY2025, it was $2.8 billion, up 16.1% from FY2024.
- Operating Expenses has increased in each of the last four years, with a five-year compound annual growth rate of 11.6% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $2.41 billion in FY2024 (+41.8%), $1.7 billion in FY2023 (+3.5%), $1.65 billion in FY2022 (+5.5%) and $1.56 billion in FY2021 (-3.9%).
- The five-year range for quarterly Operating Expenses is $386 million (Q4 2021) to $853 million (Q2 2026).
- Year-over-year, Operating Expenses has increased for 20 consecutive quarters, with growth averaging 18.7% over the last eight quarters.
- The year-over-year growth in Operating Expenses has ranged between 1.0% (Q1 2026) and 58.1% (Q4 2024) over the last five years.
- Business Quant data shows VST's Operating Expenses at $853 million (Q2 2026), $700 million (Q1 2026) and $722 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Constellation Energy | 98.63 Bn | 93.22 Bn | - |
| 2 | Vistra | 44.52 Bn | 35.00 Bn | - |
| 3 | AXIA Energia | 24.30 Bn | 11.28 Bn | 2.59 Bn |
| 4 | Nrg Energy | 20.38 Bn | 15.19 Bn | 2.23 Bn |
| 5 | Talen Energy | 17.79 Bn | 15.53 Bn | - |
| 6 | Enlight Renewable Energy | 8.73 Bn | 5.30 Bn | 124.81 Mn |
| 7 | Brookfield Renewable Partners | 7.94 Bn | -20.71 Bn | 23.00 Mn |
| 8 | Clearway Energy | 7.36 Bn | 9.95 Bn | - |
| 9 | Ormat Technologies | 5.56 Bn | 4.03 Bn | 77.38 Mn |
| 10 | Oklo | 4.67 Bn | -3.73 Bn | 772,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 683.00 Mn |
| Jun 30, 2026 | 853.00 Mn |
| Mar 31, 2026 | 700.00 Mn |
| Dec 31, 2025 | 722.00 Mn |
| Sep 30, 2025 | 655.00 Mn |
| Jun 30, 2025 | 733.00 Mn |
| Mar 31, 2025 | 693.00 Mn |
| Dec 31, 2024 | 672.00 Mn |
| Sep 30, 2024 | 616.00 Mn |
| Jun 30, 2024 | 628.00 Mn |
| Mar 31, 2024 | 498.00 Mn |
| Dec 31, 2023 | 425.00 Mn |
| Sep 30, 2023 | 411.00 Mn |
| Jun 30, 2023 | 445.00 Mn |
| Mar 31, 2023 | 421.00 Mn |
| Dec 31, 2022 | 395.00 Mn |
| Sep 30, 2022 | 400.00 Mn |
| Jun 30, 2022 | 435.00 Mn |
| Mar 31, 2022 | 416.00 Mn |
| Dec 31, 2021 | 386.00 Mn |
API Access
Vistra Total Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-operating-expenses&ticker=VST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-operating-expenses", "ticker": "VST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-operating-expenses&ticker=VST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();