Viatris (VTRS) Operating Expenses (2019 - 2026)

Viatris' (VTRS) quarterly Operating Expenses came in at $1.2 billion in Q1 2026, down 69.41% year-on-year from $4.0 billion in Q1 2025, and down 7.74% quarter-over-quarter from $1.3 billion in Q4 2025.

Viatris (VTRS) Operating Expenses (2019 - 2026) Analysis & Trends

Viatris' Operating Expenses history runs 8 years deep, the most recent figure standing at $1.2 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 69.41% year-over-year to $1.2 billion in Q1 2026; TTM through Mar 2026 was $4.9 billion, a 41.72% decrease from a year earlier, with the FY2025 full-year figure at $7.7 billion, up 36.75% from the prior year.
  • Operating Expenses declined to $1.2 billion in Q1 2026 per VTRS's latest filing, from $1.3 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $4.0 billion in Q1 2025 and bottomed at $1.1 billion in Q1 2022.
  • The 5-year median for Operating Expenses is $1.2 billion (2023), against an average of $1.5 billion.
  • Across the five-year window, Operating Expenses jumped 211.01% in 2025 and slumped 69.41% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $1.5 billion in 2022, then jumped by 39.01% to $2.1 billion in 2023, then sank by 31.99% to $1.4 billion in 2024, then dropped by 3.89% to $1.3 billion in 2025, then declined by 7.74% to $1.2 billion in 2026.
  • Per Business Quant, the three latest VTRS Operating Expenses figures stand at $1.2 billion (Q1 2026), $1.3 billion (Q4 2025), and $1.2 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Haleon 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn 1.00 Bn
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 788.00 Mn
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn 12.58 Bn
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 455.70 Mn
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn 1.24 Bn
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn 621.10 Mn
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn 494.00 Mn
10 Vireo Growth 10.57 Bn 10.41 Bn 59.30 Mn 50.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.24 Bn
Dec 31, 2025 1.34 Bn
Sep 30, 2025 1.19 Bn
Jun 30, 2025 1.10 Bn
Mar 31, 2025 4.04 Bn
Dec 31, 2024 1.39 Bn
Sep 30, 2024 1.23 Bn
Jun 30, 2024 1.69 Bn
Mar 31, 2024 1.30 Bn
Dec 31, 2023 2.05 Bn
Sep 30, 2023 1.24 Bn
Jun 30, 2023 1.24 Bn
Mar 31, 2023 1.14 Bn
Dec 31, 2022 1.48 Bn
Sep 30, 2022 1.19 Bn
Jun 30, 2022 1.15 Bn
Mar 31, 2022 1.06 Bn
Dec 31, 2021 1.62 Bn
Sep 30, 2021 1.22 Bn
Jun 30, 2021 1.38 Bn