Watsco (WSO) Operating Expenses (2009 - 2026)
Watsco's (WSO) quarterly Operating Expenses came in at $322.9 million in Q1 2026, little changed year-on-year from $322.6 million in Q1 2025, and down 2.94% quarter-over-quarter from $332.6 million in Q4 2025.
Watsco (WSO) Operating Expenses (2009 - 2026) Analysis & Trends
Watsco has disclosed Operating Expenses across 18 years of filings, most recently posting $322.9 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $322.9 million, changed 0.08% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 2.42% YoY), and the FY2025 annual result was $1.3 billion, up 3.44% from the prior year.
- Operating Expenses came in at $322.9 million for Q1 2026 at Watsco, down from $332.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $343.7 million in Q3 2025 to a low of $283.4 million in Q1 2022.
- The 5-year median for Operating Expenses is $319.8 million (2023), against an average of $317.6 million.
- Across the five-year window, Operating Expenses surged 30.21% in 2022 and dropped 3.37% in 2023, its largest moves.
- Watsco's Operating Expenses stood at $301.8 million in 2022, then rose by 3.55% to $312.5 million in 2023, then increased by 8.33% to $338.5 million in 2024, then fell by 1.73% to $332.6 million in 2025, then retreated by 2.94% to $322.9 million in 2026.
- The last three Operating Expenses figures came in at $322.9 million (Q1 2026), $332.6 million (Q4 2025), and $343.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 63.64 Bn | 63.46 Bn | 1.75 Bn | 1.11 Bn |
| 2 | Fastenal | 53.18 Bn | 52.87 Bn | 982.90 Mn | 535.30 Mn |
| 3 | Ferguson Enterprises | 45.51 Bn | 44.69 Bn | 2.32 Bn | 1.61 Bn |
| 4 | Wesco International | 17.33 Bn | 16.62 Bn | 1.29 Bn | 947.60 Mn |
| 5 | Watsco | 14.65 Bn | 14.51 Bn | 427.56 Mn | 322.85 Mn |
| 6 | Qxo | 12.24 Bn | 9.19 Bn | 409.30 Mn | 661.20 Mn |
| 7 | Applied Industrial Technologies | 11.99 Bn | 11.82 Bn | 380.80 Mn | 242.88 Mn |
| 8 | Core & Main | 9.98 Bn | 9.84 Bn | 428.00 Mn | 310.00 Mn |
| 9 | Pool | 7.00 Bn | 6.92 Bn | 329.87 Mn | 247.26 Mn |
| 10 | Msc Industrial Direct | 6.54 Bn | 6.49 Bn | 377.59 Mn | 310.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 266.70 Mn |