Valero Energy annual operating expenses
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Valero Energy Operating Expenses Growth & History (VLO)
Valero Energy's operating expenses was $2.25B for fiscal 2025.
View full Valero Energy company overviewValero Energy annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.25B | $1.20B | +114.38% |
| 2024 | 2024-12-31 | $1.05B | −$24.0M | −2.23% |
| 2023 | 2023-12-31 | $1.07B | −$32.0M | −2.89% |
| 2022 | 2022-12-31 | $1.11B | $107.0M | +10.71% |
| 2021 | 2021-12-31 | $999.0M | $160.0M | +19.07% |
| 2020 | 2020-12-31 | $839.0M | −$103.0M | −10.93% |
| 2019 | 2019-12-31 | $942.0M | −$80.0M | −7.83% |
| 2018 | 2018-12-31 | $1.02B | $80.0M | +8.49% |
| 2017 | 2017-12-31 | $942.0M | −$71.14B | −98.69% |
| 2016 | 2016-12-31 | $72.09B | $67.84B | +1598.96% |
| 2015 | 2015-12-31 | $4.24B | −$144.0M | −3.28% |
| 2014 | 2014-12-31 | $4.39B | $64.0M | +1.48% |
| 2013 | 2013-12-31 | $4.32B | — | — |
| 2009 | 2009-12-31 | $3.31B | −$735.0M | −18.17% |
| 2008 | 2008-12-31 | $4.05B | $380.0M | +10.37% |
| 2007 | 2007-12-31 | $3.67B | — | — |
Valero Energy quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $273.0M | $21.0M | +8.33% |
| Q1 2026 | 2026-03-31 | $321.0M | −$1.09B | −77.19% |
| Q4 2025 | 2025-12-31 | $329.0M | $48.0M | +17.08% |
| Q3 2025 | 2025-09-30 | $263.0M | $16.0M | +6.48% |
| Q2 2025 | 2025-06-30 | $252.0M | $34.0M | +15.60% |
| Q1 2025 | 2025-03-31 | $1.41B | $1.10B | +362.83% |
| Q4 2024 | 2024-12-31 | $281.0M | −$40.0M | −12.46% |
| Q3 2024 | 2024-09-30 | $247.0M | −$20.0M | −7.49% |
| Q2 2024 | 2024-06-30 | $218.0M | −$4.0M | −1.80% |
| Q1 2024 | 2024-03-31 | $304.0M | $40.0M | +15.15% |
| Q4 2023 | 2023-12-31 | $321.0M | −$59.0M | −15.53% |
| Q3 2023 | 2023-09-30 | $267.0M | $36.0M | +15.58% |
| Q2 2023 | 2023-06-30 | $222.0M | −$38.0M | −14.62% |
| Q1 2023 | 2023-03-31 | $264.0M | $29.0M | +12.34% |
| Q4 2022 | 2022-12-31 | $380.0M | $64.0M | +20.25% |
| Q3 2022 | 2022-09-30 | $231.0M | $6.0M | +2.67% |
| Q2 2022 | 2022-06-30 | $260.0M | $60.0M | +30.00% |
| Q1 2022 | 2022-03-31 | $235.0M | −$23.0M | −8.91% |
| Q4 2021 | 2021-12-31 | $316.0M | $76.0M | +31.67% |
| Q3 2021 | 2021-09-30 | $225.0M | $2.0M | +0.90% |
| Q2 2021 | 2021-06-30 | $200.0M | $16.0M | +8.70% |
| Q1 2021 | 2021-03-31 | $258.0M | $66.0M | +34.38% |
| Q4 2020 | 2020-12-31 | $240.0M | −$24.0M | −9.09% |
| Q3 2020 | 2020-09-30 | $223.0M | −$15.0M | −6.30% |
| Q2 2020 | 2020-06-30 | $184.0M | −$31.0M | −14.42% |
| Q1 2020 | 2020-03-31 | $192.0M | −$33.0M | −14.67% |
| Q4 2019 | 2019-12-31 | $264.0M | $17.0M | +6.88% |
| Q3 2019 | 2019-09-30 | $238.0M | $6.0M | +2.59% |
| Q2 2019 | 2019-06-30 | $215.0M | −$67.0M | −23.76% |
| Q1 2019 | 2019-03-31 | $225.0M | −$36.0M | −13.79% |
| Q4 2018 | 2018-12-31 | $247.0M | −$20.0M | −7.49% |
| Q3 2018 | 2018-09-30 | $232.0M | −$50.0M | −17.73% |
| Q2 2018 | 2018-06-30 | $282.0M | −$21.10B | −98.68% |
| Q1 2018 | 2018-03-31 | $261.0M | −$20.97B | −98.77% |
| Q4 2017 | 2017-12-31 | $267.0M | $46.0M | +20.81% |
| Q3 2017 | 2017-09-30 | $282.0M | −$780.0M | −73.45% |
| Q2 2017 | 2017-06-30 | $21.38B | $20.38B | +2036.16% |
| Q1 2017 | 2017-03-31 | $21.23B | $20.20B | +1961.65% |
| Q4 2016 | 2016-12-31 | $221.0M | −$793.0M | −78.21% |
| Q3 2016 | 2016-09-30 | $1.06B | −$40.0M | −3.63% |
| Q2 2016 | 2016-06-30 | $1.00B | −$42.0M | −4.03% |
| Q1 2016 | 2016-03-31 | $1.03B | −$54.0M | −4.98% |
| Q4 2015 | 2015-12-31 | $1.01B | — | — |
| Q3 2015 | 2015-09-30 | $1.10B | — | — |
| Q2 2015 | 2015-06-30 | $1.04B | — | — |
| Q1 2015 | 2015-03-31 | $1.08B | — | — |
| Q3 2010 | 2010-09-30 | $1.10B | $92.0M | +9.08% |
| Q2 2010 | 2010-06-30 | $847.0M | $66.0M | +8.45% |
| Q1 2010 | 2010-03-31 | $912.0M | $67.0M | +7.93% |
| Q4 2009 | 2009-12-31 | $672.0M | — | — |
| Q3 2009 | 2009-09-30 | $1.01B | −$123.0M | −10.83% |
| Q2 2009 | 2009-06-30 | $781.0M | −$352.0M | −31.07% |
| Q1 2009 | 2009-03-31 | $845.0M | — | — |
| Q3 2008 | 2008-09-30 | $1.14B | — | — |
| Q2 2008 | 2008-06-30 | $1.13B | — | — |
Valero Energy operating expenses trends
Over the last five fiscal years, Valero Energy's operating expenses increased from $839.0M to $2.25B, a change of $1.41B. The latest reported quarter, Q2 2026, shows $273.0M.
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 Valero Energy source filings ↗