Westinghouse Air Brake Technologies (WAB) Operating Expenses (2009 - 2026)
Westinghouse Air Brake Technologies (WAB) recorded Operating Expenses of $561 million in Q2 2026, up 20.4% from $466 million a year earlier and up 3.1% from the prior quarter.
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Analysis
Westinghouse Air Brake Technologies (WAB) Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Westinghouse Air Brake Technologies' Operating Expenses came in at $2.23 billion as of Jun 30, 2026, up 23.5% year-over-year; for FY2025, it came in at $2.01 billion, up 14.6% from FY2024.
- Annual Operating Expenses has increased for five straight years, with a five-year compound annual growth rate of 7.7% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $1.76 billion in FY2024 (+4.7%), $1.68 billion in FY2023 (+9.7%), $1.53 billion in FY2022 (+2.4%) and $1.49 billion in FY2021 (+7.3%).
- Quarterly Operating Expenses has ranged from $356 million in Q1 2022 to $610 million in Q4 2025 over the past five years.
- On a year-over-year basis, Operating Expenses has increased for 21 consecutive quarters, with growth averaging 14.0% over the last eight quarters.
- Across the past five years, year-over-year growth in Operating Expenses ran from 0.3% in Q3 2022 to 31.7% in Q4 2025.
- Per Business Quant, the preceding three quarters came in at $544 million (Q1 2026), $610 million (Q4 2025) and $511 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 340.12 Bn | 311.81 Bn | 7.76 Bn | 16.25 Bn |
| 2 | Amphenol | 195.95 Bn | 190.53 Bn | 3.55 Bn | 963.40 Mn |
| 3 | Deere | 171.31 Bn | 139.41 Bn | 4.66 Bn | 10.73 Bn |
| 4 | Eaton | 153.20 Bn | 150.39 Bn | 2.86 Bn | 1.46 Bn |
| 5 | Parker-Hannifin | 120.86 Bn | 118.98 Bn | 2.25 Bn | 874.00 Mn |
| 6 | Emerson Electric | 91.14 Bn | 83.87 Bn | 2.66 Bn | 1.34 Bn |
| 7 | 3M | 90.21 Bn | 71.66 Bn | 2.78 Bn | 5.03 Bn |
| 8 | Vertiv Holdings | 81.93 Bn | 72.55 Bn | 1.23 Bn | 490.50 Mn |
| 9 | Illinois Tool Works | 79.42 Bn | 75.98 Bn | 1.90 Bn | - |
| 10 | Westinghouse Air Brake Technologies | 48.78 Bn | 46.26 Bn | 1.16 Bn | 561.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 561.00 Mn |
| Mar 31, 2026 | 544.00 Mn |
| Dec 31, 2025 | 610.00 Mn |
| Sep 30, 2025 | 511.00 Mn |
| Jun 30, 2025 | 466.00 Mn |
| Mar 31, 2025 | 426.00 Mn |
| Dec 31, 2024 | 463.00 Mn |
| Sep 30, 2024 | 447.00 Mn |
| Jun 30, 2024 | 444.00 Mn |
| Mar 31, 2024 | 403.00 Mn |
| Dec 31, 2023 | 456.00 Mn |
| Sep 30, 2023 | 422.00 Mn |
| Jun 30, 2023 | 411.00 Mn |
| Mar 31, 2023 | 389.00 Mn |
| Dec 31, 2022 | 405.00 Mn |
| Sep 30, 2022 | 387.00 Mn |
| Jun 30, 2022 | 381.00 Mn |
| Mar 31, 2022 | 356.00 Mn |
| Dec 31, 2021 | 388.00 Mn |
| Sep 30, 2021 | 386.00 Mn |
API Access
Westinghouse Air Brake Technologies 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=operating-expenses&ticker=WAB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "WAB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=WAB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();