Raytheon Technologies Total Operating Expenses increased by 9.6% to $21.95B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.0%, from $19.77B to $21.95B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 7.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
is_total_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14.68B | $14.99B | $15.83B | $14.66B | $14.98B | $15.52B | $16.62B | $15.65B | $16.88B | $14.86B | $18.05B | $17.81B | $18.30B | $18.20B | $19.77B | $18.28B | $19.48B | $20.02B | $21.95B |
| QoQ Change | — | +2.1% | +5.6% | -7.4% | +2.1% | +3.6% | +7.1% | -5.8% | +7.9% | -12.0% | +21.4% | -1.3% | +2.7% | -0.6% | +8.7% | -7.6% | +6.6% | +2.8% | +9.6% |
| YoY Change | — | — | — | — | +2.0% | +3.5% | +5.0% | +6.7% | +12.7% | -4.2% | +8.6% | +13.8% | +8.4% | +22.4% | +9.5% | +2.6% | +6.4% | +10.0% | +11.0% |
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