Vornado Realty Trust annual operating expenses
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Vornado Realty Trust Operating Expenses Growth & History (VNO)
Vornado Realty Trust's operating expenses was $1.55B for fiscal 2025.
View full Vornado Realty Trust company overviewVornado Realty Trust annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.55B | $10.0M | +0.65% |
| 2024 | 2024-12-31 | $1.54B | −$23.5M | −1.50% |
| 2023 | 2023-12-31 | $1.57B | $30.9M | +2.02% |
| 2022 | 2022-12-31 | $1.53B | $166.4M | +12.16% |
| 2021 | 2021-12-31 | $1.37B | −$182.9M | −11.79% |
| 2020 | 2020-12-31 | $1.55B | −$74.4M | −4.58% |
| 2019 | 2019-12-31 | $1.63B | $44.4M | +2.81% |
| 2018 | 2018-12-31 | $1.58B | $105.3M | +7.14% |
| 2017 | 2017-12-31 | $1.48B | $51.6M | +3.62% |
| 2016 | 2016-12-31 | $1.42B | $57.8M | +4.23% |
| 2015 | 2015-12-31 | $1.37B | −$256.5M | −15.81% |
| 2014 | 2014-12-31 | $1.62B | −$2.0M | −0.12% |
| 2013 | 2013-12-31 | $1.62B | −$296.8M | −15.45% |
| 2012 | 2012-12-31 | $1.92B | $30.8M | +1.63% |
| 2011 | 2011-12-31 | $1.89B | $91.4M | +5.08% |
| 2010 | 2010-12-31 | $1.80B | −$75.2M | −4.01% |
| 2009 | 2009-12-31 | $1.87B | $825.9M | +78.77% |
| 2008 | 2008-12-31 | $1.05B | $98.0M | +10.32% |
| 2007 | 2007-12-31 | $950.5M | — | — |
Vornado Realty Trust quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $436.6M | $57.9M | +15.28% |
| Q1 2026 | 2026-03-31 | $408.7M | $30.3M | +8.01% |
| Q4 2025 | 2025-12-31 | $387.9M | −$777,000 | −0.20% |
| Q3 2025 | 2025-09-30 | $406.7M | $14.0M | +3.56% |
| Q2 2025 | 2025-06-30 | $378.7M | −$3.6M | −0.95% |
| Q1 2025 | 2025-03-31 | $378.4M | $493,000 | +0.13% |
| Q4 2024 | 2024-12-31 | $388.6M | −$41.3M | −9.62% |
| Q3 2024 | 2024-09-30 | $392.7M | $10.4M | +2.71% |
| Q2 2024 | 2024-06-30 | $382.4M | $10.9M | +2.93% |
| Q1 2024 | 2024-03-31 | $378.0M | −$3.4M | −0.88% |
| Q4 2023 | 2023-12-31 | $430.0M | $23.9M | +5.89% |
| Q3 2023 | 2023-09-30 | $382.4M | −$3.3M | −0.86% |
| Q2 2023 | 2023-06-30 | $371.5M | $3.3M | +0.89% |
| Q1 2023 | 2023-03-31 | $381.3M | $7.1M | +1.89% |
| Q4 2022 | 2022-12-31 | $406.1M | $37.2M | +10.08% |
| Q3 2022 | 2022-09-30 | $385.7M | $36.1M | +10.32% |
| Q2 2022 | 2022-06-30 | $368.2M | $53.5M | +16.98% |
| Q1 2022 | 2022-03-31 | $374.2M | $39.6M | +11.85% |
| Q4 2021 | 2021-12-31 | $368.9M | −$238.0M | −39.22% |
| Q3 2021 | 2021-09-30 | $349.6M | $9.6M | +2.83% |
| Q2 2021 | 2021-06-30 | $314.8M | $75.4M | +31.50% |
| Q1 2021 | 2021-03-31 | $334.6M | −$29.9M | −8.19% |
| Q4 2020 | 2020-12-31 | $606.9M | $243.1M | +66.82% |
| Q3 2020 | 2020-09-30 | $340.0M | −$18.6M | −5.19% |
| Q2 2020 | 2020-06-30 | $239.4M | −$236.2M | −49.66% |
| Q1 2020 | 2020-03-31 | $364.5M | −$62.7M | −14.69% |
| Q4 2019 | 2019-12-31 | $363.8M | −$44.9M | −11.00% |
| Q3 2019 | 2019-09-30 | $358.6M | −$26.5M | −6.88% |
| Q2 2019 | 2019-06-30 | $475.6M | $90.2M | +23.41% |
| Q1 2019 | 2019-03-31 | $427.2M | $25.6M | +6.38% |
| Q4 2018 | 2018-12-31 | $408.7M | $33.3M | +8.87% |
| Q3 2018 | 2018-09-30 | $385.1M | $18.6M | +5.07% |
| Q2 2018 | 2018-06-30 | $385.3M | $28.1M | +7.86% |
| Q1 2018 | 2018-03-31 | $401.6M | $25.3M | +6.73% |
| Q4 2017 | 2017-12-31 | $375.4M | $354.0M | +1654.93% |
| Q3 2017 | 2017-09-30 | $366.5M | $12.2M | +3.45% |
| Q2 2017 | 2017-06-30 | $357.3M | −$77.6M | −17.85% |
| Q1 2017 | 2017-03-31 | $376.2M | −$237.1M | −38.65% |
| Q4 2016 | 2016-12-31 | $21.4M | −$46.5M | −68.51% |
| Q3 2016 | 2016-09-30 | $354.3M | −$81.9M | −18.77% |
| Q2 2016 | 2016-06-30 | $434.9M | $12.0M | +2.84% |
| Q1 2016 | 2016-03-31 | $613.3M | $174.2M | +39.68% |
| Q4 2015 | 2015-12-31 | $67.9M | −$355.8M | −83.97% |
| Q3 2015 | 2015-09-30 | $436.2M | $39.6M | +9.98% |
| Q2 2015 | 2015-06-30 | $422.9M | $37.8M | +9.80% |
| Q1 2015 | 2015-03-31 | $439.1M | $21.9M | +5.26% |
| Q4 2014 | 2014-12-31 | $423.8M | $162.9M | +62.42% |
| Q3 2014 | 2014-09-30 | $396.6M | −$37.6M | −8.65% |
| Q2 2014 | 2014-06-30 | $385.1M | −$76.0M | −16.48% |
| Q1 2014 | 2014-03-31 | $417.1M | −$51.3M | −10.95% |
| Q4 2013 | 2013-12-31 | $260.9M | −$194.6M | −42.72% |
| Q3 2013 | 2013-09-30 | $434.1M | −$69.6M | −13.81% |
| Q2 2013 | 2013-06-30 | $461.2M | −$14.0M | −2.95% |
| Q1 2013 | 2013-03-31 | $468.4M | −$18.6M | −3.82% |
| Q4 2012 | 2012-12-31 | $455.5M | $32.9M | +7.78% |
| Q3 2012 | 2012-09-30 | $503.7M | $32.1M | +6.81% |
| Q2 2012 | 2012-06-30 | $475.2M | $10.5M | +2.26% |
| Q1 2012 | 2012-03-31 | $487.0M | −$44.7M | −8.40% |
| Q4 2011 | 2011-12-31 | $422.6M | −$193.5M | −31.40% |
| Q3 2011 | 2011-09-30 | $471.6M | $9.8M | +2.12% |
| Q2 2011 | 2011-06-30 | $464.7M | $18.1M | +4.05% |
| Q1 2011 | 2011-03-31 | $531.7M | $257.0M | +93.56% |
| Q4 2010 | 2010-12-31 | $616.1M | −$443.8M | −41.87% |
| Q3 2010 | 2010-09-30 | $461.8M | $195.8M | +73.64% |
| Q2 2010 | 2010-06-30 | $446.6M | $176.9M | +65.58% |
| Q1 2010 | 2010-03-31 | $274.7M | −$4.2M | −1.51% |
| Q4 2009 | 2009-12-31 | $1.06B | — | — |
| Q3 2009 | 2009-09-30 | $266.0M | −$10.2M | −3.68% |
| Q2 2009 | 2009-06-30 | $269.7M | $13.4M | +5.21% |
| Q1 2009 | 2009-03-31 | $278.9M | — | — |
| Q3 2008 | 2008-09-30 | $276.1M | — | — |
| Q2 2008 | 2008-06-30 | $256.4M | — | — |
Vornado Realty Trust operating expenses trends
Over the last five fiscal years, Vornado Realty Trust's operating expenses increased from $1.55B to $1.55B, a change of $1.0M. The latest reported quarter, Q2 2026, shows $436.6M.
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 Vornado Realty Trust source filings ↗