Vale S.A annual operating expenses
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Vale S.A Operating Expenses Growth & History (VALE)
Vale S.A's operating expenses was $7.56B for fiscal 2025.
View full Vale S.A company overviewVale S.A annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.56B | $4.56B | +151.71% |
| 2024 | 2024-12-31 | $3.00B | −$487.0M | −13.95% |
| 2023 | 2023-12-31 | $3.49B | $114.0M | +3.38% |
| 2022 | 2022-12-31 | $3.38B | −$1.28B | −27.46% |
| 2021 | 2021-12-31 | $4.65B | −$3.20B | −40.71% |
| 2020 | 2020-12-31 | $7.85B | −$2.11B | −21.19% |
| 2019 | 2019-12-31 | $9.96B | $8.35B | +517.93% |
| 2018 | 2018-12-31 | $1.61B | −$92.0M | −5.40% |
| 2017 | 2017-12-31 | $1.70B | $158.0M | +10.22% |
| 2016 | 2016-12-31 | $1.55B | −$610.0M | −28.29% |
| 2015 | 2015-12-31 | $2.16B | — | — |
Vale S.A quarterly operating expenses
Q2.19
Q2.20
Q2.21
Q2.22
Q2.23
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $837.0M | $122.0M | +17.06% |
| Q1 2026 | 2026-03-31 | $479.0M | — | — |
| Q4 2025 | 2025-12-31 | $784.0M | — | — |
| Q3 2025 | 2025-09-30 | $597.0M | — | — |
| Q2 2025 | 2025-06-30 | $715.0M | — | — |
| Q2 2023 | 2023-06-30 | $861.0M | −$55.0M | −6.00% |
| Q2 2022 | 2022-06-30 | $916.0M | $192.0M | +26.52% |
| Q2 2021 | 2021-06-30 | $724.0M | −$95.0M | −11.60% |
| Q2 2020 | 2020-06-30 | $819.0M | −$1.28B | −61.04% |
| Q2 2019 | 2019-06-30 | $2.10B | — | — |
Vale S.A operating expenses trends
Over the last five fiscal years, Vale S.A's operating expenses decreased from $7.85B to $7.56B, a change of −$291.0M. The latest reported quarter, Q2 2026, shows $837.0M.
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 Vale S.A source filings ↗