Thales annual operating expenses
2020
2021
2022
2023
2024
2025
Thales Operating Expenses Growth & History (HO)
Thales's operating expenses was €3.79B for fiscal 2025.
View full Thales company overviewThales annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | €3.79B | −€322.6M | −7.85% |
| 2024 | 2024-12-31 | €4.11B | €519.7M | +14.47% |
| 2023 | 2023-12-31 | €3.59B | €457.1M | +14.58% |
| 2022 | 2022-12-31 | €3.13B | €294.0M | +10.35% |
| 2021 | 2021-12-31 | €2.84B | −€95.7M | −3.26% |
| 2020 | 2020-12-31 | €2.94B | — | — |
Thales operating expenses trends
Over the last five fiscal years, Thales's operating expenses increased from €2.94B to €3.79B, a change of €852.5M.
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
reported and calculated operating expenses
TickerStat uses operating expenses reported in company official 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 Thales source filings ↗Community posts
Thales sees sales near or above its target as defence orders expand
Thales ($HO) reported €19.12 billion of orders in the first nine months of 2026, up 14% as reported and 15% organically. Revenue increased 7.6% as reported and 8.1% organically to €16.42 billion. Defence sales grew 13% organically, substant ...
