Fortis annual operating expenses
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Fortis Operating Expenses Growth & History (FTS)
Fortis's operating expenses was $3.25B for fiscal 2025.
View full Fortis company overviewFortis annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.25B | $210.0M | +6.91% |
| 2024 | 2024-12-31 | $3.04B | $151.0M | +5.23% |
| 2023 | 2023-12-31 | $2.89B | $206.0M | +7.68% |
| 2022 | 2022-12-31 | $2.68B | $160.0M | +6.34% |
| 2021 | 2021-12-31 | $2.52B | $86.0M | +3.53% |
| 2020 | 2020-12-31 | $2.44B | −$15.0M | −0.61% |
| 2019 | 2019-12-31 | $2.45B | $165.0M | +7.21% |
| 2018 | 2018-12-31 | $2.29B | $37.0M | +1.64% |
| 2017 | 2017-12-31 | $2.25B | −$3.10B | −57.98% |
| 2016 | 2016-12-31 | $5.36B | $17.0M | +0.32% |
| 2015 | 2015-12-31 | $5.34B | — | — |
Fortis quarterly operating expenses
Q2.16
Q2.17
Q2.18
Q2.19
Q2.20
Q2.21
Q2.22
Q2.23
Q2.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.41B | −$607.0M | −30.12% |
| Q1 2026 | 2026-03-31 | $1.38B | — | — |
| Q4 2025 | 2025-12-31 | $1.35B | — | — |
| Q3 2025 | 2025-09-30 | $1.31B | — | — |
| Q2 2025 | 2025-06-30 | $2.02B | $83.0M | +4.30% |
| Q2 2024 | 2024-06-30 | $1.93B | −$8.0M | −0.41% |
| Q2 2023 | 2023-06-30 | $1.94B | $67.0M | +3.58% |
| Q2 2022 | 2022-06-30 | $1.87B | $300.0M | +19.07% |
| Q2 2021 | 2021-06-30 | $1.57B | $94.0M | +6.36% |
| Q2 2020 | 2020-06-30 | $1.48B | $876.0M | +145.27% |
| Q2 2019 | 2019-06-30 | $603.0M | −$766.0M | −55.95% |
| Q2 2018 | 2018-06-30 | $1.37B | $802.0M | +141.45% |
| Q2 2017 | 2017-06-30 | $567.0M | −$607.0M | −51.70% |
| Q2 2016 | 2016-06-30 | $1.17B | — | — |
Fortis operating expenses trends
Over the last five fiscal years, Fortis's operating expenses increased from $2.44B to $3.25B, a change of $813.0M. The latest reported quarter, Q2 2026, shows $1.41B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Fortis source filings ↗