West Pharmaceutical Services (WST) Operating Expenses (2009 - 2026)
West Pharmaceutical Services (WST) reported Operating Expenses of $137.3 million for Q2 2026, up 19.4% from $115 million a year earlier and up 19.1% from the prior quarter.
Powered by 
Analysis
West Pharmaceutical Services (WST) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, West Pharmaceutical Services' Operating Expenses came in at $501.2 million, up 18.7% year-over-year; for FY2025, it was $467.9 million, up 14.8% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 6.0% (FY2020 to FY2025).
- By year, Operating Expenses came in at $407.6 million in FY2024 (-3.4%), $421.8 million in FY2023 (+12.4%), $375.4 million in FY2022 (-9.7%) and $415.6 million in FY2021 (+19.1%).
- The Q2 2026 figure ranks as the highest quarterly Operating Expenses in data going back to Q2 2009.
- Year over year, Operating Expenses has now increased in each of the last five quarters, with growth averaging 9.9% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q3 2023 (growth of 31.9%); the low point was Q3 2022 (a decline of 23.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $115.3 million (Q1 2026), $128.8 million (Q4 2025) and $119.8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 254.87 Bn | 233.89 Bn | 4.88 Bn | 9.91 Bn |
| 2 | Abbott Laboratories | 178.85 Bn | 149.28 Bn | 7.27 Bn | 10.90 Bn |
| 3 | Danaher | 158.49 Bn | 142.30 Bn | 3.61 Bn | 2.48 Bn |
| 4 | Intuitive Surgical | 154.99 Bn | 134.41 Bn | 1.96 Bn | 988.50 Mn |
| 5 | Medtronic | 121.02 Bn | 86.28 Bn | 6.34 Bn | 4.06 Bn |
| 6 | Stryker | 116.94 Bn | 103.05 Bn | 4.50 Bn | 2.84 Bn |
| 7 | Boston Scientific | 66.98 Bn | 61.75 Bn | 3.85 Bn | 2.67 Bn |
| 8 | Becton Dickinson | 53.23 Bn | 50.38 Bn | 2.32 Bn | 4.32 Bn |
| 9 | Edwards Lifesciences | 50.83 Bn | 34.83 Bn | 1.35 Bn | 840.10 Mn |
| 10 | West Pharmaceutical Services | 27.53 Bn | 25.15 Bn | 329.20 Mn | 137.30 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 |
API Access
West Pharmaceutical Services Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=WST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "WST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=WST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();