Pinnacle West Capital annual operating expenses
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Pinnacle West Capital Operating Expenses Growth & History (PNW)
Pinnacle West Capital's operating expenses was $4.27B for fiscal 2025.
View full Pinnacle West Capital company overviewPinnacle West Capital annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.27B | $159.5M | +3.88% |
| 2024 | 2024-12-31 | $4.11B | $241.5M | +6.24% |
| 2023 | 2023-12-31 | $3.87B | $278.9M | +7.76% |
| 2022 | 2022-12-31 | $3.59B | $593.9M | +19.81% |
| 2021 | 2021-12-31 | $3.00B | $199.7M | +7.13% |
| 2020 | 2020-12-31 | $2.80B | −$419,000 | −0.01% |
| 2019 | 2019-12-31 | $2.80B | −$118.3M | −4.06% |
| 2018 | 2018-12-31 | $2.92B | $262.0M | +9.87% |
| 2017 | 2017-12-31 | $2.66B | −$7.5M | −0.28% |
| 2016 | 2016-12-31 | $2.66B | $22.2M | +0.84% |
| 2015 | 2015-12-31 | $2.64B | −$39.5M | −1.48% |
| 2014 | 2014-12-31 | $2.68B | $72.1M | +2.76% |
| 2013 | 2013-12-31 | $2.61B | $158.3M | +6.46% |
| 2012 | 2012-12-31 | $2.45B | −$44.8M | −1.80% |
| 2011 | 2011-12-31 | $2.49B | $20.6M | +0.83% |
| 2010 | 2010-12-31 | $2.47B | −$63.2M | −2.49% |
| 2009 | 2009-12-31 | $2.54B | −$99.5M | −3.77% |
| 2008 | 2008-12-31 | $2.64B | — | — |
Pinnacle West Capital quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.15B | $98.9M | +9.41% |
| Q1 2026 | 2026-03-31 | $1.02B | $43.4M | +4.45% |
| Q4 2025 | 2025-12-31 | $1.01B | −$3.7M | −0.37% |
| Q3 2025 | 2025-09-30 | $1.24B | $17.1M | +1.40% |
| Q2 2025 | 2025-06-30 | $1.05B | $56.0M | +5.62% |
| Q1 2025 | 2025-03-31 | $975.1M | $90.1M | +10.19% |
| Q4 2024 | 2024-12-31 | $1.01B | $93.7M | +10.21% |
| Q3 2024 | 2024-09-30 | $1.22B | $100.3M | +8.95% |
| Q2 2024 | 2024-06-30 | $995.2M | $56.8M | +6.06% |
| Q1 2024 | 2024-03-31 | $884.9M | −$9.3M | −1.04% |
| Q4 2023 | 2023-12-31 | $917.2M | −$55.4M | −5.69% |
| Q3 2023 | 2023-09-30 | $1.12B | $69.2M | +6.58% |
| Q2 2023 | 2023-06-30 | $938.4M | $99.8M | +11.91% |
| Q1 2023 | 2023-03-31 | $894.2M | $165.2M | +22.66% |
| Q4 2022 | 2022-12-31 | $972.6M | $223.7M | +29.88% |
| Q3 2022 | 2022-09-30 | $1.05B | $173.4M | +19.73% |
| Q2 2022 | 2022-06-30 | $838.6M | $116.7M | +16.17% |
| Q1 2022 | 2022-03-31 | $729.0M | $80.1M | +12.34% |
| Q4 2021 | 2021-12-31 | $748.8M | $38.7M | +5.45% |
| Q3 2021 | 2021-09-30 | $878.9M | $79.4M | +9.93% |
| Q2 2021 | 2021-06-30 | $721.9M | $54.1M | +8.11% |
| Q1 2021 | 2021-03-31 | $648.9M | $27.4M | +4.41% |
| Q4 2020 | 2020-12-31 | $710.1M | $51.7M | +7.86% |
| Q3 2020 | 2020-09-30 | $799.5M | $12.0M | +1.52% |
| Q2 2020 | 2020-06-30 | $667.7M | −$5.2M | −0.77% |
| Q1 2020 | 2020-03-31 | $621.5M | −$58.9M | −8.66% |
| Q4 2019 | 2019-12-31 | $658.4M | −$31.1M | −4.51% |
| Q3 2019 | 2019-09-30 | $787.5M | −$47.2M | −5.66% |
| Q2 2019 | 2019-06-30 | $672.9M | −$59.0M | −8.07% |
| Q1 2019 | 2019-03-31 | $680.4M | $19.1M | +2.88% |
| Q4 2018 | 2018-12-31 | $689.5M | $15.4M | +2.28% |
| Q3 2018 | 2018-09-30 | $834.7M | $111.0M | +15.33% |
| Q2 2018 | 2018-06-30 | $732.0M | $84.6M | +13.07% |
| Q1 2018 | 2018-03-31 | $661.4M | $51.1M | +8.37% |
| Q4 2017 | 2017-12-31 | $674.1M | $37.4M | +5.87% |
| Q3 2017 | 2017-09-30 | $723.8M | $8.1M | +1.13% |
| Q2 2017 | 2017-06-30 | $647.3M | −$36.3M | −5.31% |
| Q1 2017 | 2017-03-31 | $610.3M | −$16.7M | −2.66% |
| Q4 2016 | 2016-12-31 | $636.8M | $12.2M | +1.95% |
| Q3 2016 | 2016-09-30 | $715.7M | −$38.4M | −5.09% |
| Q2 2016 | 2016-06-30 | $683.6M | $25.0M | +3.79% |
| Q1 2016 | 2016-03-31 | $627.0M | $23.5M | +3.89% |
| Q4 2015 | 2015-12-31 | $624.6M | −$41.7M | −6.25% |
| Q3 2015 | 2015-09-30 | $754.0M | $3.1M | +0.42% |
| Q2 2015 | 2015-06-30 | $658.7M | $6.5M | +1.00% |
| Q1 2015 | 2015-03-31 | $603.5M | −$7.5M | −1.23% |
| Q4 2014 | 2014-12-31 | $666.3M | $50.4M | +8.18% |
| Q3 2014 | 2014-09-30 | $750.9M | $14.2M | +1.93% |
| Q2 2014 | 2014-06-30 | $652.2M | −$3.9M | −0.59% |
| Q1 2014 | 2014-03-31 | $611.1M | $11.4M | +1.89% |
| Q4 2013 | 2013-12-31 | $615.9M | $24.0M | +4.06% |
| Q3 2013 | 2013-09-30 | $736.7M | $75.2M | +11.37% |
| Q2 2013 | 2013-06-30 | $656.0M | $31.9M | +5.12% |
| Q1 2013 | 2013-03-31 | $599.7M | $27.1M | +4.73% |
| Q4 2012 | 2012-12-31 | $591.8M | $2.7M | +0.45% |
| Q3 2012 | 2012-09-30 | $661.5M | −$28.3M | −4.11% |
| Q2 2012 | 2012-06-30 | $624.1M | $21.3M | +3.53% |
| Q1 2012 | 2012-03-31 | $572.6M | −$40.4M | −6.60% |
| Q4 2011 | 2011-12-31 | $589.2M | −$4.6M | −0.78% |
| Q3 2011 | 2011-09-30 | $689.8M | −$26.6M | −3.71% |
| Q2 2011 | 2011-06-30 | $602.8M | $1.4M | +0.23% |
| Q1 2011 | 2011-03-31 | $613.1M | $50.4M | +8.95% |
| Q4 2010 | 2010-12-31 | $593.8M | — | — |
| Q3 2010 | 2010-09-30 | $716.4M | −$5.2M | −0.72% |
| Q2 2010 | 2010-06-30 | $601.4M | −$45.3M | −7.00% |
| Q1 2010 | 2010-03-31 | $562.7M | — | — |
| Q3 2009 | 2009-09-30 | $721.6M | — | — |
| Q2 2009 | 2009-06-30 | $646.7M | — | — |
Pinnacle West Capital operating expenses trends
Over the last five fiscal years, Pinnacle West Capital's operating expenses increased from $2.80B to $4.27B, a change of $1.47B. The latest reported quarter, Q2 2026, shows $1.15B.
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 Pinnacle West Capital source filings ↗