West Pharmaceutical Services (WST) Operating Expenses (2009 - 2026)
West Pharmaceutical Services (WST) posted Operating Expenses of $137.3 million for Q2 2026, up 19.08% sequentially from $115.3 million in Q1 2026, and up 19.39% YoY from $115.0 million in Q2 2025.
West Pharmaceutical Services (WST) Operating Expenses (2009 - 2026) Analysis & Trends
West Pharmaceutical Services has reported Operating Expenses for 18 years, with the latest figure at $137.3 million in Q2 2026.
- Quarterly Operating Expenses rose 19.39% year-over-year to $137.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $501.2 million (up 18.74% YoY) and the FY2025 annual result came in at $467.9 million, up 14.79% from the prior year.
- Operating Expenses improved to $137.3 million in Q2 2026 per WST's latest filing, from $115.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $137.3 million in Q2 2026 and troughed at $79.9 million in Q3 2022.
- A 5-year average of $107.0 million and a median of $104.3 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses declined 23.9% in 2022, then jumped 31.91% in 2023.
- Over 5 years, Operating Expenses stood at $101.6 million in 2022, then grew by 6.69% to $108.4 million in 2023, then dropped by 4.24% to $103.8 million in 2024, then grew by 24.08% to $128.8 million in 2025, then increased by 6.6% to $137.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $137.3 million, $115.3 million, and $128.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 988.50 Mn |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 4.32 Bn |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | 1.63 Bn |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 412.51 Mn |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | 1.82 Bn |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 137.30 Mn |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 1.11 Bn |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | 718.70 Mn |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 864.00 Mn |
| 10 | Align Technology | 11.37 Bn | 10.27 Bn | 757.43 Mn | 603.42 Mn |
Historic Data
Download 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 |