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
DateValue
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