What is 3M's variable lease cost?

3M (MMM) reported variable lease cost of $26.25M in Q4 2025.

How has 3M's variable lease cost changed year-over-year?

3M's variable lease cost decreased by 7.9% year-over-year, from $28.50M to $26.25M.

What is the long-term trend for 3M's variable lease cost?

Over 4 years (2021 to 2025), 3M's variable lease cost has grown at a -4.6% compound annual growth rate (CAGR), from $127.00M to $105.00M.

What does variable lease cost mean?

Lease-related expenses that fluctuate based on external indices or usage metrics.

Discontinued — last reported Q1 '19

Operating Expenses

Variable Lease Cost

3M Variable Lease Cost remained flat by 0.0% to $26.25M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 7.9%, from $28.50M to $26.25M. Over 4 years (FY 2021 to FY 2025), Variable Lease Cost shows a downward trend with a -4.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement

SectionOperating Expenses

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2019

Last reportedQ1 2019

How to read this metric

An increase indicates higher variable costs, potentially due to inflation-linked rent adjustments or increased usage of leased assets.

Detailed definition

This represents the portion of lease payments that is not fixed but depends on an index, rate, or other variable factor....

Peer comparison

Reported by firms with significant lease portfolios and variable-rate lease agreements.

Metric ID: is_ms_variable_lease_cost

Historical Data

5 years

	FY'21	FY'22	FY'23	FY'24	FY'25
Value	$127.00M	$135.00M	$122.00M	$114.00M	$105.00M
YoY Change	—	+6.3%	-9.6%	-6.6%	-7.9%

Range$105.00M – $135.00M

CAGR-4.6%

Avg YoY Growth-4.4%

Median YoY Growth-7.2%

Current Streak3 years decline

Frequently Asked Questions

What is 3M's variable lease cost?: 3M (MMM) reported variable lease cost of $26.25M in Q4 2025.
How has 3M's variable lease cost changed year-over-year?: 3M's variable lease cost decreased by 7.9% year-over-year, from $28.50M to $26.25M.
What is the long-term trend for 3M's variable lease cost?: Over 4 years (2021 to 2025), 3M's variable lease cost has grown at a -4.6% compound annual growth rate (CAGR), from $127.00M to $105.00M.
What does variable lease cost mean?: Lease-related expenses that fluctuate based on external indices or usage metrics.