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
DateValue
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