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Waters (WAT) Operating Expenses (2016 - 2025)

Waters has reported Operating Expenses over the past 16 years, most recently at $661.8 million for Q4 2025.

  • Quarterly results put Operating Expenses at $661.8 million for Q4 2025, up 14.02% from a year ago — trailing twelve months through Dec 2025 was $2.4 billion (up 10.82% YoY), and the annual figure for FY2025 was $2.4 billion, up 10.82%.
  • Operating Expenses for Q4 2025 was $661.8 million at Waters, up from $607.8 million in the prior quarter.
  • Over the last five years, Operating Expenses for WAT hit a ceiling of $661.8 million in Q4 2025 and a floor of $437.3 million in Q1 2021.
  • Median Operating Expenses over the past 5 years was $524.3 million (2024), compared with a mean of $534.8 million.
  • Biggest five-year swings in Operating Expenses: soared 32.99% in 2021 and later fell 3.94% in 2024.
  • Waters' Operating Expenses stood at $574.2 million in 2021, then decreased by 0.35% to $572.2 million in 2022, then fell by 2.97% to $555.3 million in 2023, then grew by 4.54% to $580.5 million in 2024, then increased by 14.02% to $661.8 million in 2025.
  • The last three reported values for Operating Expenses were $661.8 million (Q4 2025), $607.8 million (Q3 2025), and $583.1 million (Q2 2025) per Business Quant data.