Operating Expenses

Total Operating Expenses

Williams Companies Total Operating Expenses decreased by 1.2% to $1.81B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.1%, from $1.82B to $1.81B. Over 3 years (FY 2021 to FY 2024), Total Operating Expenses shows a downward trend with a -3.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ3 2025Nov 3, 2025

How to read this metric

An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.

Detailed definition

Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...

Peer comparison

Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.

Metric ID: total_operating_expenses

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$1.68B$2.12B$2.32B$1.87B$2.02B$2.20B$1.86B$1.72B$1.61B$1.57B$1.70B$1.76B$1.64B$1.82B$1.95B$1.95B$1.84B$1.81B
QoQ Change+26.0%+9.4%-19.4%+7.9%+9.1%-15.6%-7.4%-6.3%-3.0%+8.4%+3.7%-6.8%+10.7%+7.4%+0.2%-6.0%-1.2%
YoY Change+19.9%+3.8%-19.9%-8.0%-20.1%-28.9%-8.7%+2.2%+1.7%+16.0%+14.9%+11.1%+12.0%-0.1%
Range$1.57B$2.32B
CAGR+1.8%
Avg YoY Growth-0.3%
Median YoY Growth+1.9%
Current Streak2 quarters decline

Frequently Asked Questions

What is Williams Companies's total operating expenses?
Williams Companies (WMB) reported total operating expenses of $1.81B in Q3 2025.
How has Williams Companies's total operating expenses changed year-over-year?
Williams Companies's total operating expenses decreased by 0.1% year-over-year, from $1.82B to $1.81B.
What is the long-term trend for Williams Companies's total operating expenses?
Over 3 years (2021 to 2024), Williams Companies's total operating expenses has grown at a -3.6% compound annual growth rate (CAGR), from $8.00B to $7.16B.
What does total operating expenses mean?
The total cost of running the business, including all non-production expenses.