West Pharmaceutical Services (WST) Operating Expenses (2009 - 2026)
West Pharmaceutical Services' (WST) quarterly Operating Expenses came in at $115.3 million in Q1 2026, up 10.55% year-on-year from $104.3 million in Q1 2025, and down 10.48% quarter-over-quarter from $128.8 million in Q4 2025.
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 $115.3 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $115.3 million, up 10.55% year-over-year; the trailing twelve-month figure through Mar 2026 was $478.9 million (up 17.49% YoY), and the FY2025 annual result was $467.9 million, up 14.79% from the prior year.
- Operating Expenses came in at $115.3 million for Q1 2026 at West Pharmaceutical Services, down from $128.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $128.8 million in Q4 2025 to a low of $79.9 million in Q3 2022.
- The 5-year median for Operating Expenses is $104.3 million (2024), against an average of $105.2 million.
- Across the five-year window, Operating Expenses slipped 23.9% in 2022 and surged 31.91% in 2023, its largest moves.
- West Pharmaceutical Services' Operating Expenses stood at $101.6 million in 2022, then gained by 6.69% to $108.4 million in 2023, then slipped by 4.24% to $103.8 million in 2024, then advanced by 24.08% to $128.8 million in 2025, then slipped by 10.48% to $115.3 million in 2026.
- The last three Operating Expenses figures came in at $115.3 million (Q1 2026), $128.8 million (Q4 2025), and $119.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | 975.20 Mn |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | 4.62 Bn |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | 1.42 Bn |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 391.17 Mn |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 115.30 Mn |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | 1.02 Bn |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | 718.70 Mn |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | 594.63 Mn |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 867.00 Mn |
| 10 | Aptargroup | 7.72 Bn | 7.52 Bn | 351.91 Mn | 875.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 106.50 Mn |