Watsco (WSO) Operating Expenses (2009 - 2026)
Watsco (WSO) posted Operating Expenses of $322.9 million for Q1 2026, down 2.94% sequentially from $332.6 million in Q4 2025, and little changed YoY from $322.6 million in Q1 2025.
Watsco (WSO) Operating Expenses (2009 - 2026) Analysis & Trends
Watsco has reported Operating Expenses for 18 years, with the latest figure at $322.9 million in Q1 2026.
- Quarterly Operating Expenses changed 0.08% year-over-year to $322.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 2.42% YoY) and the FY2025 annual result came in at $1.3 billion, up 3.44% from the prior year.
- Operating Expenses declined to $322.9 million in Q1 2026 per WSO's latest filing, from $332.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $343.7 million in Q3 2025 and troughed at $283.4 million in Q1 2022.
- A 5-year average of $317.6 million and a median of $319.8 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 30.21% in 2022, then fell 3.37% in 2023.
- Over 5 years, Operating Expenses stood at $301.8 million in 2022, then advanced by 3.55% to $312.5 million in 2023, then gained by 8.33% to $338.5 million in 2024, then decreased by 1.73% to $332.6 million in 2025, then slipped by 2.94% to $322.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $322.9 million, $332.6 million, and $343.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.04 Bn | 61.46 Bn | 1.98 Bn | 1.18 Bn |
| 2 | Fastenal | 59.03 Bn | 58.83 Bn | 1.06 Bn | 561.80 Mn |
| 3 | Ferguson Enterprises | 47.99 Bn | 47.17 Bn | 2.32 Bn | 1.61 Bn |
| 4 | Wesco International | 17.78 Bn | 16.97 Bn | 1.46 Bn | 1.02 Bn |
| 5 | Applied Industrial Technologies | 13.25 Bn | 13.08 Bn | 380.80 Mn | 242.88 Mn |
| 6 | Watsco | 11.97 Bn | 11.50 Bn | 578.93 Mn | 348.99 Mn |
| 7 | Core & Main | 8.70 Bn | 8.55 Bn | 520.00 Mn | 343.00 Mn |
| 8 | Pool | 7.21 Bn | 7.18 Bn | 540.76 Mn | 273.08 Mn |
| 9 | Msc Industrial Direct | 6.76 Bn | 6.69 Bn | 430.41 Mn | 323.66 Mn |
| 10 | Xometry | 5.15 Bn | 4.63 Bn | 87.15 Mn | 92.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 348.99 Mn |
| Mar 31, 2026 | 322.85 Mn |
| Dec 31, 2025 | 332.65 Mn |
| Sep 30, 2025 | 343.66 Mn |
| Jun 30, 2025 | 339.00 Mn |
| Mar 31, 2025 | 322.58 Mn |
| Dec 31, 2024 | 338.49 Mn |
| Sep 30, 2024 | 326.37 Mn |
| Jun 30, 2024 | 319.03 Mn |
| Mar 31, 2024 | 309.55 Mn |
| Dec 31, 2023 | 312.46 Mn |
| Sep 30, 2023 | 319.83 Mn |
| Jun 30, 2023 | 304.16 Mn |
| Mar 31, 2023 | 287.06 Mn |
| Dec 31, 2022 | 301.75 Mn |
| Sep 30, 2022 | 321.52 Mn |
| Jun 30, 2022 | 314.75 Mn |
| Mar 31, 2022 | 283.35 Mn |
| Dec 31, 2021 | 292.09 Mn |
| Sep 30, 2021 | 281.92 Mn |