Waters annual operating expenses
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Waters Operating Expenses Growth & History (WAT)
Waters's operating expenses was $2.36B for fiscal 2025.
View full Waters company overviewWaters annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.36B | $230.7M | +10.82% |
| 2024 | 2024-12-31 | $2.13B | −$6.7M | −0.31% |
| 2023 | 2023-12-31 | $2.14B | $40.2M | +1.91% |
| 2022 | 2022-12-31 | $2.10B | $134.4M | +6.84% |
| 2021 | 2021-12-31 | $1.96B | $244.3M | +14.20% |
| 2020 | 2020-12-31 | $1.72B | $21.7M | +1.28% |
| 2019 | 2019-12-31 | $1.70B | $18.0M | +1.07% |
| 2018 | 2018-12-31 | $1.68B | $33.3M | +2.02% |
| 2017 | 2017-12-31 | $1.65B | $104.5M | +6.77% |
| 2016 | 2016-12-31 | $1.54B | $67.5M | +4.58% |
| 2015 | 2015-12-31 | $1.47B | $3.4M | +0.23% |
| 2014 | 2014-12-31 | $1.47B | $868.0M | +143.85% |
| 2013 | 2013-12-31 | $603.4M | $8.9M | +1.49% |
| 2012 | 2012-12-31 | $594.5M | $2.4M | +0.41% |
| 2011 | 2011-12-31 | $592.1M | $52.0M | +9.62% |
| 2010 | 2010-12-31 | $540.1M | $30.9M | +6.07% |
| 2009 | 2009-12-31 | $509.2M | −$14.9M | −2.84% |
| 2008 | 2008-12-31 | $524.1M | $31.1M | +6.30% |
| 2007 | 2007-12-31 | $493.0M | — | — |
Waters quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-07-04 | $1.73B | — | — |
| Q1 2026 | 2026-04-04 | $1.31B | — | — |
| Q4 2025 | 2025-12-31 | $661.8M | $81.4M | +14.02% |
| Q3 2025 · Sep 30 | 2025-09-30 | $607.8M | — | — |
| Q3 2025 · Sep 27 | 2025-09-27 | $607.8M | — | — |
| Q2 2025 · Jun 30 | 2025-06-30 | $583.1M | — | — |
| Q2 2025 · Jun 28 | 2025-06-28 | $583.0M | — | — |
| Q1 2025 · Mar 31 | 2025-03-31 | $510.0M | — | — |
| Q1 2025 · Mar 29 | 2025-03-29 | $510.0M | — | — |
| Q4 2024 | 2024-12-31 | $580.5M | $25.2M | +4.54% |
| Q3 2024 · Sep 30 | 2024-09-30 | $529.2M | −$3.1M | −0.58% |
| Q3 2024 · Sep 28 | 2024-09-28 | $529.2M | −$3.1M | −0.58% |
| Q2 2024 · Jun 30 | 2024-06-30 | $519.4M | — | — |
| Q2 2024 · Jun 29 | 2024-06-29 | $519.4M | — | — |
| Q1 2024 · Mar 31 | 2024-03-31 | $503.0M | — | — |
| Q1 2024 · Mar 30 | 2024-03-30 | $503.0M | — | — |
| Q4 2023 | 2023-12-31 | $555.3M | −$17.0M | −2.97% |
| Q3 2023 | 2023-09-30 | $532.3M | — | — |
| Q2 2023 · Jul 1 | 2023-07-01 | $540.7M | — | — |
| Q2 2023 · Jun 30 | 2023-06-30 | $540.7M | — | — |
| Q1 2023 · Apr 1 | 2023-04-01 | $510.5M | — | — |
| Q1 2023 · Mar 31 | 2023-03-31 | $510.5M | — | — |
| Q4 2022 | 2022-12-31 | $572.2M | −$2.0M | −0.35% |
| Q3 2022 · Oct 1 | 2022-10-01 | $516.5M | — | — |
| Q3 2022 · Sep 30 | 2022-09-30 | $516.5M | — | — |
| Q2 2022 · Jul 2 | 2022-07-02 | $514.7M | — | — |
| Q2 2022 · Jun 30 | 2022-06-30 | $514.7M | — | — |
| Q1 2022 · Apr 2 | 2022-04-02 | $495.1M | — | — |
| Q1 2022 · Mar 31 | 2022-03-31 | $495.1M | — | — |
| Q4 2021 | 2021-12-31 | $574.2M | $51.3M | +9.81% |
| Q3 2021 · Oct 2 | 2021-10-02 | $467.4M | — | — |
| Q3 2021 · Sep 30 | 2021-09-30 | $467.4M | — | — |
| Q2 2021 · Jul 3 | 2021-07-03 | $485.2M | — | — |
| Q2 2021 · Jun 30 | 2021-06-30 | $485.2M | — | — |
| Q1 2021 · Apr 3 | 2021-04-03 | $437.3M | — | — |
| Q1 2021 · Mar 31 | 2021-03-31 | $437.3M | — | — |
| Q4 2020 | 2020-12-31 | $522.9M | $43.1M | +8.98% |
| Q3 2020 · Sep 30 | 2020-09-30 | $435.4M | — | — |
| Q3 2020 · Sep 26 | 2020-09-26 | $435.4M | — | — |
| Q2 2020 · Jun 30 | 2020-06-30 | $364.9M | — | — |
| Q2 2020 · Jun 27 | 2020-06-27 | $364.9M | — | — |
| Q1 2020 · Mar 31 | 2020-03-31 | $396.7M | — | — |
| Q1 2020 · Mar 28 | 2020-03-28 | $396.7M | — | — |
| Q4 2019 | 2019-12-31 | $479.9M | $9.4M | +2.00% |
| Q3 2019 · Sep 30 | 2019-09-30 | $404.0M | — | — |
| Q3 2019 · Sep 28 | 2019-09-28 | $404.0M | — | — |
| Q2 2019 · Jun 30 | 2019-06-30 | $421.5M | $4.5M | +1.07% |
| Q2 2019 · Jun 29 | 2019-06-29 | $421.5M | $4.5M | +1.07% |
| Q1 2019 · Mar 31 | 2019-03-31 | $392.7M | $6.4M | +1.66% |
| Q1 2019 · Mar 30 | 2019-03-30 | $392.7M | $6.4M | +1.66% |
| Q4 2018 | 2018-12-31 | $470.5M | $13.8M | +3.02% |
| Q3 2018 · Sep 30 | 2018-09-30 | $406.3M | −$203,000 | −0.05% |
| Q3 2018 · Sep 29 | 2018-09-29 | $406.3M | −$203,000 | −0.05% |
| Q2 2018 | 2018-06-30 | $417.0M | — | — |
| Q1 2018 | 2018-03-31 | $386.3M | — | — |
| Q4 2017 | 2017-12-31 | $456.7M | $36.2M | +8.62% |
| Q3 2017 | 2017-09-30 | $406.6M | $31.5M | +8.38% |
| Q2 2017 · Jul 1 | 2017-07-01 | $404.4M | $19.4M | +5.04% |
| Q2 2017 · Jun 30 | 2017-06-30 | $404.4M | $19.4M | +5.04% |
| Q1 2017 · Apr 1 | 2017-04-01 | $379.2M | $16.7M | +4.60% |
| Q1 2017 · Mar 31 | 2017-03-31 | $379.2M | $16.7M | +4.60% |
| Q4 2016 | 2016-12-31 | $420.5M | $15.2M | +3.74% |
| Q3 2016 | 2016-10-01 | $375.1M | $10.4M | +2.84% |
| Q2 2016 | 2016-07-02 | $384.9M | $20.5M | +5.63% |
| Q1 2016 | 2016-04-02 | $362.6M | $22.2M | +6.51% |
| Q4 2015 | 2015-12-31 | $405.3M | $226.6M | +126.79% |
| Q3 2015 | 2015-10-03 | $364.7M | $212.5M | +139.59% |
| Q2 2015 | 2015-07-04 | $364.4M | $202.9M | +125.57% |
| Q1 2015 | 2015-04-04 | $340.4M | $186.4M | +121.01% |
| Q4 2014 | 2014-12-31 | $178.7M | $18.4M | +11.50% |
| Q3 2014 | 2014-09-27 | $152.2M | $5.5M | +3.78% |
| Q2 2014 | 2014-06-28 | $161.6M | $11.5M | +7.63% |
| Q1 2014 | 2014-03-29 | $154.0M | $7.7M | +5.24% |
| Q4 2013 | 2013-12-31 | $160.3M | $6.3M | +4.08% |
| Q3 2013 | 2013-09-28 | $146.7M | $1.2M | +0.81% |
| Q2 2013 | 2013-06-29 | $150.1M | −$2.0M | −1.31% |
| Q1 2013 | 2013-03-30 | $146.4M | $3.4M | +2.39% |
| Q4 2012 | 2012-12-31 | $154.0M | $1.7M | +1.11% |
| Q3 2012 | 2012-09-29 | $145.5M | −$1.4M | −0.98% |
| Q2 2012 | 2012-06-30 | $152.1M | $1.1M | +0.75% |
| Q1 2012 | 2012-03-31 | $143.0M | $1.1M | +0.76% |
| Q4 2011 | 2011-12-31 | $152.3M | $6.2M | +4.21% |
| Q3 2011 | 2011-10-01 | $147.0M | $12.7M | +9.47% |
| Q2 2011 | 2011-07-02 | $151.0M | $20.6M | +15.82% |
| Q1 2011 | 2011-04-02 | $141.9M | $12.5M | +9.63% |
| Q4 2010 | 2010-12-31 | $146.1M | $13.7M | +10.37% |
| Q3 2010 | 2010-10-02 | $134.2M | $9.5M | +7.64% |
| Q2 2010 | 2010-07-03 | $130.3M | −$1.6M | −1.25% |
| Q1 2010 | 2010-04-03 | $129.4M | $9.3M | +7.75% |
| Q4 2009 | 2009-12-31 | $132.4M | — | — |
| Q3 2009 | 2009-10-03 | $124.7M | −$5.0M | −3.89% |
| Q2 2009 | 2009-07-04 | $132.0M | −$4.5M | −3.32% |
| Q1 2009 | 2009-04-04 | $120.1M | — | — |
| Q3 2008 | 2008-09-27 | $129.8M | — | — |
| Q2 2008 | 2008-06-28 | $136.5M | — | — |
Waters operating expenses trends
Over the last five fiscal years, Waters's operating expenses increased from $1.72B to $2.36B, a change of $642.8M. The latest reported quarter, Q2 2026, shows $1.73B.
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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