Viatris (VTRS) Operating Expenses (2019 - 2026)

Viatris (VTRS) recorded quarterly Operating Expenses of $1.2 billion in Q1 2026, down 7.74% quarter-over-quarter from $1.3 billion in Q4 2025, and down 69.41% on a YoY basis from $4.0 billion in Q1 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.

  • In Q1 2026, Operating Expenses fell 69.41% year-over-year to $1.2 billion; the TTM figure through Mar 2026 stood at $4.9 billion (down 41.72% YoY), while the FY2025 annual figure was $7.7 billion, up 36.75% from the prior year.
  • Operating Expenses was $1.2 billion for Q1 2026 at Viatris, down from $1.3 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $4.0 billion in Q1 2025 to a low of $1.1 billion in Q1 2022.
  • Historically, Operating Expenses has averaged $1.5 billion across 5 years, with a median of $1.2 billion in 2023.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses surged 211.01% in 2025, then slumped 69.41% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $1.5 billion in 2022, then jumped by 39.01% to $2.1 billion in 2023, then tumbled 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.
  • The last three Operating Expenses figures came in at $1.2 billion (Q1 2026), $1.3 billion (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Teva Pharmaceutical Industries 38.34 Bn 34.60 Bn 1.97 Bn 526.00 Mn
2 Zoetis 33.27 Bn 31.33 Bn 1.62 Bn 788.00 Mn
3 United Therapeutics 23.75 Bn 21.60 Bn 648.10 Mn 455.70 Mn
4 Aurora Cannabis 17.11 Bn 17.03 Bn 33.43 Mn 19.40 Mn
5 Neurocrine Biosciences 16.37 Bn 15.05 Bn 800.70 Mn 621.10 Mn
6 Elanco Animal Health 11.78 Bn 11.35 Bn 785.00 Mn 478.00 Mn
7 Alkermes 7.05 Bn 6.54 Bn -116.06 Mn 441.19 Mn
8 Lantheus Holdings 6.49 Bn 5.99 Bn 230.92 Mn 96.91 Mn
9 Hims & Hers Health 6.19 Bn 5.44 Bn 396.79 Mn 475.11 Mn
10 Viatris - - 1.16 Bn 1.24 Bn

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