Pg&E annual operating expenses
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2025
Pg&E Operating Expenses Growth & History (PCG)
Pg&E's operating expenses was $20.19B for fiscal 2025.
View full Pg&E company overviewPg&E annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $20.19B | $226.0M | +1.13% |
| 2024 | 2024-12-31 | $19.96B | −$1.80B | −8.26% |
| 2023 | 2023-12-31 | $21.76B | $1.91B | +9.65% |
| 2022 | 2022-12-31 | $19.84B | $1.08B | +5.78% |
| 2021 | 2021-12-31 | $18.76B | $2.04B | +12.24% |
| 2020 | 2020-12-31 | $16.71B | −$10.51B | −38.60% |
| 2019 | 2019-12-31 | $27.22B | $764.0M | +2.89% |
| 2018 | 2018-12-31 | $26.46B | $12.23B | +85.94% |
| 2017 | 2017-12-31 | $14.23B | −$1.36B | −8.70% |
| 2016 | 2016-12-31 | $15.59B | $261.0M | +1.70% |
| 2015 | 2015-12-31 | $15.32B | $685.0M | +4.68% |
| 2014 | 2014-12-31 | $14.64B | $804.0M | +5.81% |
| 2013 | 2013-12-31 | $13.84B | $489.0M | +3.66% |
| 2012 | 2012-12-31 | $13.35B | $333.0M | +2.56% |
| 2011 | 2011-12-31 | $13.01B | $1.48B | +12.84% |
| 2010 | 2010-12-31 | $11.53B | $433.0M | +3.90% |
| 2009 | 2009-12-31 | $11.10B | −$1.27B | −10.25% |
| 2008 | 2008-12-31 | $12.37B | $1.24B | +11.18% |
| 2007 | 2007-12-31 | $11.12B | — | — |
Pg&E quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $4.64B | −$163.0M | −3.39% |
| Q1 2026 | 2026-03-31 | $5.41B | $648.0M | +13.60% |
| Q4 2025 | 2025-12-31 | $5.58B | −$31.0M | −0.55% |
| Q3 2025 | 2025-09-30 | $5.04B | $129.0M | +2.63% |
| Q2 2025 | 2025-06-30 | $4.80B | −$50.0M | −1.03% |
| Q1 2025 | 2025-03-31 | $4.76B | $178.0M | +3.88% |
| Q4 2024 | 2024-12-31 | $5.61B | −$295.0M | −4.99% |
| Q3 2024 | 2024-09-30 | $4.91B | −$575.0M | −10.48% |
| Q2 2024 | 2024-06-30 | $4.85B | $68.0M | +1.42% |
| Q1 2024 | 2024-03-31 | $4.58B | −$995.0M | −17.83% |
| Q4 2023 | 2023-12-31 | $5.91B | $666.0M | +12.71% |
| Q3 2023 | 2023-09-30 | $5.49B | $819.0M | +17.54% |
| Q2 2023 | 2023-06-30 | $4.78B | $111.0M | +2.38% |
| Q1 2023 | 2023-03-31 | $5.58B | $318.0M | +6.04% |
| Q4 2022 | 2022-12-31 | $5.24B | $635.0M | +13.79% |
| Q3 2022 | 2022-09-30 | $4.67B | −$493.0M | −9.55% |
| Q2 2022 | 2022-06-30 | $4.67B | $92.0M | +2.01% |
| Q1 2022 | 2022-03-31 | $5.26B | $850.0M | +19.27% |
| Q4 2021 | 2021-12-31 | $4.61B | $277.0M | +6.40% |
| Q3 2021 | 2021-09-30 | $5.16B | $677.0M | +15.10% |
| Q2 2021 | 2021-06-30 | $4.58B | $330.0M | +7.76% |
| Q1 2021 | 2021-03-31 | $4.41B | $761.0M | +20.84% |
| Q4 2020 | 2020-12-31 | $4.33B | −$4.76B | −52.37% |
| Q3 2020 | 2020-09-30 | $4.48B | −$2.25B | −33.39% |
| Q2 2020 | 2020-06-30 | $4.25B | −$3.33B | −43.94% |
| Q1 2020 | 2020-03-31 | $3.65B | −$171.0M | −4.47% |
| Q4 2019 | 2019-12-31 | $9.09B | −$4.53B | −33.28% |
| Q3 2019 | 2019-09-30 | $6.73B | $3.05B | +82.69% |
| Q2 2019 | 2019-06-30 | $7.58B | $1.88B | +33.06% |
| Q1 2019 | 2019-03-31 | $3.82B | $365.0M | +10.56% |
| Q4 2018 | 2018-12-31 | $13.62B | $9.94B | +269.75% |
| Q3 2018 | 2018-09-30 | $3.69B | $54.0M | +1.49% |
| Q2 2018 | 2018-06-30 | $5.70B | $2.18B | +62.13% |
| Q1 2018 | 2018-03-31 | $3.46B | $56.0M | +1.65% |
| Q4 2017 | 2017-12-31 | $3.68B | −$86.0M | −2.28% |
| Q3 2017 | 2017-09-30 | $3.63B | −$539.0M | −12.93% |
| Q2 2017 | 2017-06-30 | $3.52B | −$253.0M | −6.71% |
| Q1 2017 | 2017-03-31 | $3.40B | −$478.0M | −12.32% |
| Q4 2016 | 2016-12-31 | $3.77B | −$193.0M | −4.87% |
| Q3 2016 | 2016-09-30 | $4.17B | $165.0M | +4.12% |
| Q2 2016 | 2016-06-30 | $3.77B | $238.0M | +6.74% |
| Q1 2016 | 2016-03-31 | $3.88B | $51.0M | +1.33% |
| Q4 2015 | 2015-12-31 | $3.96B | $37.0M | +0.94% |
| Q3 2015 | 2015-09-30 | $4.00B | $131.0M | +3.38% |
| Q2 2015 | 2015-06-30 | $3.53B | $96.0M | +2.80% |
| Q1 2015 | 2015-03-31 | $3.83B | $421.0M | +12.36% |
| Q4 2014 | 2014-12-31 | $3.92B | $283.0M | +7.77% |
| Q3 2014 | 2014-09-30 | $3.87B | −$10.0M | −0.26% |
| Q2 2014 | 2014-06-30 | $3.43B | $294.0M | +9.36% |
| Q1 2014 | 2014-03-31 | $3.41B | $237.0M | +7.48% |
| Q4 2013 | 2013-12-31 | $3.64B | −$63.0M | −1.70% |
| Q3 2013 | 2013-09-30 | $3.88B | $522.0M | +15.53% |
| Q2 2013 | 2013-06-30 | $3.14B | $14.0M | +0.45% |
| Q1 2013 | 2013-03-31 | $3.17B | $16.0M | +0.51% |
| Q4 2012 | 2012-12-31 | $3.71B | $248.0M | +7.17% |
| Q3 2012 | 2012-09-30 | $3.36B | −$90.0M | −2.61% |
| Q2 2012 | 2012-06-30 | $3.13B | $134.0M | +4.48% |
| Q1 2012 | 2012-03-31 | $3.15B | $41.0M | +1.32% |
| Q4 2011 | 2011-12-31 | $3.46B | $328.0M | +10.48% |
| Q3 2011 | 2011-09-30 | $3.45B | $442.0M | +14.68% |
| Q2 2011 | 2011-06-30 | $2.99B | $455.0M | +17.93% |
| Q1 2011 | 2011-03-31 | $3.11B | $256.0M | +8.96% |
| Q4 2010 | 2010-12-31 | $3.13B | $113.0M | +3.75% |
| Q3 2010 | 2010-09-30 | $3.01B | $382.0M | +14.54% |
| Q2 2010 | 2010-06-30 | $2.54B | −$1.0M | −0.04% |
| Q1 2010 | 2010-03-31 | $2.86B | −$61.0M | −2.09% |
| Q4 2009 | 2009-12-31 | $3.02B | — | — |
| Q3 2009 | 2009-09-30 | $2.63B | −$407.0M | −13.41% |
| Q2 2009 | 2009-06-30 | $2.54B | −$456.0M | −15.23% |
| Q1 2009 | 2009-03-31 | $2.92B | — | — |
| Q3 2008 | 2008-09-30 | $3.04B | — | — |
| Q2 2008 | 2008-06-30 | $2.99B | — | — |
Pg&E operating expenses trends
Over the last five fiscal years, Pg&E's operating expenses increased from $16.71B to $20.19B, a change of $3.47B. The latest reported quarter, Q2 2026, shows $4.64B.
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 Pg&E source filings ↗