Sanofi annual operating expenses
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sanofi Operating Expenses Growth & History (SAN)
Sanofi's operating expenses was €27.32B for fiscal 2025.
View full Sanofi company overviewSanofi annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | €27.32B | €3.49B | +14.66% |
| 2024 | 2024-12-31 | €23.83B | €1.80B | +8.17% |
| 2023 | 2023-12-31 | €22.03B | €3.51B | +18.97% |
| 2022 | 2022-12-31 | €18.52B | −€277.0M | −1.47% |
| 2021 | 2021-12-31 | €18.79B | €7.70B | +69.36% |
| 2020 | 2020-12-31 | €11.10B | −€11.50B | −50.90% |
| 2019 | 2019-12-31 | €22.60B | €3.04B | +15.51% |
| 2018 | 2018-12-31 | €19.57B | €762.0M | +4.05% |
| 2017 | 2017-12-31 | €18.80B | €1.34B | +7.67% |
| 2016 | 2016-12-31 | €17.46B | −€854.0M | −4.66% |
| 2015 | 2015-12-31 | €18.32B | — | — |
Sanofi quarterly operating expenses
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | €6.90B | €868.0M | +14.39% |
| Q1 2026 | 2026-03-31 | €5.84B | — | — |
| Q4 2025 | 2025-12-31 | €6.82B | — | — |
| Q3 2025 | 2025-09-30 | €5.97B | — | — |
| Q2 2025 | 2025-06-30 | €6.03B | — | — |
Sanofi operating expenses trends
Over the last five fiscal years, Sanofi's operating expenses increased from €11.10B to €27.32B, a change of €16.23B. The latest reported quarter, Q2 2026, shows €6.90B.
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.
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