Waters (WAT) Operating Expenses (2009 - 2026)

Waters' Operating Expenses history runs 18 years deep, the most recent figure standing at $1.3 billion for Q2 2026.

• In Q2 2026, Operating Expenses rose 157.65% year-over-year to $1.3 billion; the TTM figure through Apr 2026 stood at $3.2 billion (up 48.04% YoY), while the FY2025 annual figure was $2.4 billion, up 10.82% from the prior year.
• Operating Expenses was $1.3 billion for Q2 2026 at Waters, up from $661.8 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q2 2026 to a low of $495.1 million in Q1 2022.
• Historically, Operating Expenses has averaged $590.9 million across 5 years, with a median of $532.3 million in 2023.
• The sharpest annual moves came in 2024 and 2026: Operating Expenses retreated 3.94% in 2024, then jumped 157.65% in 2026.
• A 5-year view of Operating Expenses shows it stood at $572.2 million in 2022, then decreased by 2.97% to $555.3 million in 2023, then rose by 4.54% to $580.5 million in 2024, then gained by 14.02% to $661.8 million in 2025, then soared by 98.54% to $1.3 billion in 2026.
• The last three Operating Expenses figures came in at $1.3 billion (Q2 2026), $661.8 million (Q4 2025), and $607.8 million (Q3 2025), per Business Quant data.