West Pharmaceutical Services (WST) Operating Expenses (2009 - 2026)
West Pharmaceutical Services' (WST) quarterly Operating Expenses came in at $137.3 million in Q2 2026, up 19.39% year-over-year from $115.0 million in Q2 2025, and up 19.08% quarter-over-quarter from $115.3 million in Q1 2026.
Analysis
West Pharmaceutical Services (WST) Operating Expenses (2009 - 2026) Analysis & Trends
West Pharmaceutical Services has disclosed Operating Expenses across 18 years of filings, most recently posting $137.3 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 19.39% year-over-year to $137.3 million; the TTM figure through Jun 2026 stood at $501.2 million (up 18.74% YoY), while the FY2025 annual figure was $467.9 million, up 14.79% from the prior year.
- Operating Expenses came in at $137.3 million for Q2 2026 at West Pharmaceutical Services, up from $115.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $137.3 million in Q2 2026 to a low of $79.9 million in Q3 2022.
- Average Operating Expenses over 5 years is $107.0 million, with a median of $104.3 million recorded in 2024.
- Year-over-year, Operating Expenses dropped 23.9% in 2022 and soared 31.91% in 2023.
- Over 5 years, Operating Expenses stood at $101.6 million in 2022, then advanced by 6.69% to $108.4 million in 2023, then decreased by 4.24% to $103.8 million in 2024, then advanced by 24.08% to $128.8 million in 2025, then climbed by 6.6% to $137.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $137.3 million in Q2 2026, $115.3 million in Q1 2026, and $128.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Becton Dickinson | 48.31 Bn | 47.45 Bn | 2.32 Bn | 4.32 Bn |
| 2 | Medline | 28.02 Bn | 25.35 Bn | 2.22 Bn | 1.82 Bn |
| 3 | West Pharmaceutical Services | 24.18 Bn | 23.75 Bn | 329.20 Mn | 137.30 Mn |
| 4 | Baxter International | 12.44 Bn | 10.29 Bn | 1.03 Bn | 864.00 Mn |
| 5 | Stevanato Group S.p.A | 5.69 Bn | 5.58 Bn | 100.91 Mn | 34.66 Mn |
| 6 | Acme United | 235.50 Mn | 230.46 Mn | 26.69 Mn | 19.86 Mn |
| 7 | Rockwell Medical | 30.24 Mn | 5.45 Mn | 3.24 Mn | 4.26 Mn |
| 8 | Retractable Technologies | 21.15 Mn | -18.72 Mn | 190,852.00 | 5.34 Mn |
| 9 | United Health Products | 8.85 Mn | 8.82 Mn | - | 166,850.00 |
| 10 | Cuprina Holdings (Cayman) | 7.88 Mn | 4.76 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 137.30 Mn |
| Mar 31, 2026 | 115.30 Mn |
| Dec 31, 2025 | 128.80 Mn |
| Sep 30, 2025 | 119.80 Mn |
| Jun 30, 2025 | 115.00 Mn |
| Mar 31, 2025 | 104.30 Mn |
| Dec 31, 2024 | 103.80 Mn |
| Sep 30, 2024 | 99.00 Mn |
| Jun 30, 2024 | 100.50 Mn |
| Mar 31, 2024 | 104.30 Mn |
| Dec 31, 2023 | 108.40 Mn |
| Sep 30, 2023 | 105.40 Mn |
| Jun 30, 2023 | 104.90 Mn |
| Mar 31, 2023 | 103.10 Mn |
| Dec 31, 2022 | 101.60 Mn |
| Sep 30, 2022 | 79.90 Mn |
| Jun 30, 2022 | 95.90 Mn |
| Mar 31, 2022 | 98.00 Mn |
| Dec 31, 2021 | 111.70 Mn |
| Sep 30, 2021 | 105.00 Mn |