What is the current annual operating expenses of CAT?

As of today, CAT annual operating expenses is $10.33B

What is 1-year change in CAT annual operating expenses?

CAT annual operating expenses is up +3.16% year-over-year

What is 3-year change in CAT annual operating expenses?

CAT annual operating expenses is up +31.04% over the past 3 years

How far is CAT annual operating expenses from its all-time high?

CAT annual operating expenses is currently at its all-time high

How does CAT annual operating expenses rank versus sector peers?

CAT annual operating expenses is higher than 99.73% of companies in Industrials sector

When is CAT next annual earnings release?

The next annual earnings release for CAT is on February 2, 2027

What is the current quarterly operating expenses of CAT?

As of today, CAT quarterly operating expenses is $2.72B

What is CAT quarterly operating expenses most recent change?

CAT quarterly operating expenses was down -7.30% on September 30, 2026

What is 1-year change in CAT quarterly operating expenses?

CAT quarterly operating expenses is up +7.22% year-over-year

How far is CAT quarterly operating expenses from its all-time high?

CAT quarterly operating expenses is currently -7.30% below its historical high of $2.93B set on June 30, 2026

How does CAT quarterly operating expenses rank versus sector peers?

CAT quarterly operating expenses is higher than 99.53% of companies in Industrials sector

When is CAT next earnings release?

The next earnings release for CAT is on February 2, 2027

CAT Operating Expenses History & Chart Since 1980

Annual Operating Expenses

$10.33B$316.00M+3.16%

December 31, 2025

Summary

Current Value: As of today, CAT annual operating expenses is $10.33B, up +3.16% on December 31, 2025
Historical Performance: CAT annual operating expenses is up +31.04% over the past 3 years, up +59.98% over the past 5 years
All-Time High Comparison: CAT annual operating expenses is currently at its all-time high
3-Year Low Comparison: CAT annual operating expenses is +31.04% above its 3-year low of $7.88B reached on an earlier date
Sector Comparison: CAT annual operating expenses is higher than 99.73% of companies in Industrials sector

Operating Expenses Chart

beforeafter

Performance

CAT Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Expenses	Dec 31, 25	$10.33B	+3.2%	+31.0%	+60.0%	+57.2%
Quarterly Operating Expenses	Sep 30, 26	$2.72B	+7.2%	+9.3%	+37.3%	+18.6%
Price	Nov 12, 26	$605.28	+5.6%	+152.5%	+189.2%	+529.6%
Annual Total Expenses	Dec 31, 25	$58.71B	+8.7%	+11.3%	+51.5%	+47.2%
Annual Cost Of Goods Sold	Dec 31, 25	$46.11B	+11.7%	+8.7%	+52.1%	+44.5%
Annual Gross Profit	Dec 31, 25	$21.48B	-8.8%	+26.3%	+87.8%	+101.4%
Annual Net Income	Dec 31, 25	$8.88B	-17.7%	+32.5%	+195.8%	+222.0%
Annual Revenue	Dec 31, 25	$67.59B	+4.3%	+13.7%	+61.9%	+58.7%

Operating Expenses Highs

CAT Annual Operating Expenses Highs Comparison
Period	High	Date	Current
3Y	$10.33B	Dec 31, 25	at high
5Y	$10.33B	Dec 31, 25	at high
All	$10.33B	Dec 31, 25	at high

Operating Expenses Lows

CAT Annual Operating Expenses Lows Comparison
Period	Low	Date	Current
3Y	$7.88B	N/A	+31.0%
5Y	$6.46B	N/A	+60.0%
All	$806.00M	Dec 1, 83	+1181.3%

Operating Expenses History

Year	Value	Change
2025	$10.33B	+3.2%
2024	$10.01B	+4.0%
2023	$9.63B	+22.2%
2022	$7.88B	+7.4%
2021	$7.34B	+13.7%
2020	$6.46B	-10.3%
2019	$7.20B	-6.3%
2018	$7.68B	+6.2%
2017	$7.23B	+4.2%
2016	$6.94B	-6.3%
2015	$7.41B	-8.9%
2014	$8.13B	+7.7%
2013	$7.55B	-9.9%
2012	$8.39B	+7.2%
2011	$7.82B	+19.1%
2010	$6.57B	+18.2%
2009	$5.56B	-15.1%
2008	$6.55B	+16.7%
2007	$5.61B	+4.5%
2006	$5.37B	+16.6%
2005	$4.60B	+14.3%
2004	$4.03B	+10.0%
2003	$3.66B	+1.6%

Year	Value	Change
2002	$3.60B	+0.7%
2001	$3.58B	+10.0%
2000	$3.25B	+2.7%
1999	$3.17B	-1.2%
1998	$3.20B	+16.1%
1997	$2.76B	+14.9%
1996	$2.40B	+14.5%
1995	$2.10B	+1.8%
1994	$2.06B	+18.3%
1993	$1.74B	+4.6%
1992	$1.67B	+1.0%
1991	$1.65B	-1.6%
1990	$1.68B	+6.5%
1989	$1.57B	+10.5%
1988	$1.42B	+21.2%
1987	$1.18B	+4.9%
1986	$1.12B	+5.0%
1985	$1.07B	-2.4%
1984	$1.09B	+35.6%
1983	$806.00M	-41.9%
1982	$1.39B	+59.6%
1981	$869.70M	-23.7%
1980	$1.14B	-

FAQ

What is the current annual operating expenses of CAT?: As of today, CAT annual operating expenses is $10.33B
What is 1-year change in CAT annual operating expenses?: CAT annual operating expenses is up +3.16% year-over-year
What is 3-year change in CAT annual operating expenses?: CAT annual operating expenses is up +31.04% over the past 3 years
How far is CAT annual operating expenses from its all-time high?: CAT annual operating expenses is currently at its all-time high
How does CAT annual operating expenses rank versus sector peers?: CAT annual operating expenses is higher than 99.73% of companies in Industrials sector
When is CAT next annual earnings release?: The next annual earnings release for CAT is on February 2, 2027

Operating Expenses Formula

Operating Expenses = SG&A + R&D Expenses + D&A + Other Operating Expenses

Quarterly Operating Expenses

$2.72B$214.00M-7.30%

September 30, 2026

Summary

Current Value: As of today, CAT quarterly operating expenses is $2.72B, down -7.30% on September 30, 2026
Historical Performance: CAT quarterly operating expenses is up +7.22% year-over-year, up +9.33% over the past 3 years
All-Time High Comparison: CAT quarterly operating expenses is currently -7.30% below its historical high of $2.93B set on June 30, 2026
3-Year Low Comparison: CAT quarterly operating expenses is +15.27% above its 3-year low of $2.36B reached on March 31, 2025
Sector Comparison: CAT quarterly operating expenses is higher than 99.53% of companies in Industrials sector

Performance

CAT Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Expenses	Sep 30, 26	$2.72B	-7.3%	+7.2%	+9.3%	+37.3%
Annual Operating Expenses	Dec 31, 25	$10.33B	–	+3.2%	+31.0%	+60.0%
Price	Nov 12, 26	$605.28	-29.3%	+5.6%	+152.5%	+189.2%
Quarterly Total Expenses	Sep 30, 26	$17.40B	+2.6%	+13.4%	+24.1%	+58.6%
Quarterly Cost Of Goods Sold	Sep 30, 26	$13.71B	+4.5%	+14.1%	+26.6%	+57.3%
Quarterly Gross Profit	Sep 30, 26	$6.97B	-6.1%	+24.0%	+16.6%	+89.5%
Quarterly Net Income	Sep 30, 26	$3.29B	-8.5%	+42.9%	+17.6%	+130.1%
Quarterly Revenue	Sep 30, 26	$20.68B	+0.7%	+17.3%	+23.0%	+66.9%

Quarterly Operating Expenses Highs

CAT Quarterly Operating Expenses Highs Comparison
Period	High	Date	Current
1Y	$2.93B	Jun 30, 26	-7.3%
3Y	$2.93B	Jun 30, 26	-7.3%
5Y	$2.93B	Jun 30, 26	-7.3%
All	$2.93B	Jun 30, 26	-7.3%

Quarterly Operating Expenses Lows

CAT Quarterly Operating Expenses Lows Comparison
Period	Low	Date	Current
1Y	$2.54B	N/A	+7.2%
3Y	$2.36B	Mar 31, 25	+15.3%
5Y	$1.98B	N/A	+37.3%
All	$425.00M	Sep 30, 93	+539.5%

Quarterly Operating Expenses History

Month	Value	Change
Sep 2026	$2.72B	-7.3%
Jun 2026	$2.93B	+10.9%
Mar 2026	$2.64B	-3.3%
Dec 2025	$2.74B	+7.9%
Sep 2025	$2.54B	-0.3%
Jun 2025	$2.54B	+7.8%
Mar 2025	$2.36B	-9.9%
Dec 2024	$2.62B	+3.3%
Sep 2024	$2.53B	+1.6%
Jun 2024	$2.50B	+5.5%
Mar 2024	$2.36B	-8.5%
Dec 2023	$2.58B	+3.9%
Sep 2023	$2.49B	+6.1%
Jun 2023	$2.34B	+5.9%
Mar 2023	$2.21B	+2.0%
Dec 2022	$2.17B	-0.5%
Sep 2022	$2.18B	-0.2%
Jun 2022	$2.19B	+5.9%
Mar 2022	$2.06B	-3.6%
Dec 2021	$2.14B	+8.2%
Sep 2021	$1.98B	-5.4%
Jun 2021	$2.09B	+11.3%
Mar 2021	$1.88B	-0.6%
Dec 2020	$1.89B	+8.7%
Sep 2020	$1.74B	-4.0%
Jun 2020	$1.81B	+2.4%
Mar 2020	$1.77B	-9.4%
Dec 2019	$1.95B	-0.9%
Sep 2019	$1.97B	-3.8%
Jun 2019	$2.05B	+0.1%
Mar 2019	$2.04B	-8.8%
Dec 2018	$2.24B	+6.4%
Sep 2018	$2.11B	-2.7%
Jun 2018	$2.17B	+9.0%
Mar 2018	$1.99B	-8.9%
Dec 2017	$2.18B	+8.0%
Sep 2017	$2.02B	-1.4%
Jun 2017	$2.05B	+13.9%
Mar 2017	$1.80B	-21.1%
Dec 2016	$2.28B	+31.0%
Sep 2016	$1.74B	-8.2%
Jun 2016	$1.90B	+3.4%
Mar 2016	$1.83B	-13.6%
Dec 2015	$2.12B	+2.7%
Sep 2015	$2.06B	-5.7%
Jun 2015	$2.19B	+2.0%
Mar 2015	$2.15B	-11.4%
Dec 2014	$2.42B	+5.9%
Sep 2014	$2.29B	+3.6%
Jun 2014	$2.21B	+5.7%
Mar 2014	$2.09B	-0.8%
Dec 2013	$2.10B	+3.0%
Sep 2013	$2.04B	-0.5%
Jun 2013	$2.05B	-3.9%
Mar 2013	$2.14B	-12.1%
Dec 2012	$2.43B	+7.6%
Sep 2012	$2.26B	-3.8%
Jun 2012	$2.35B	+8.7%
Mar 2012	$2.16B	-6.4%
Dec 2011	$2.31B	+0.7%
Sep 2011	$2.29B	+10.3%
Jun 2011	$2.08B	+10.8%
Mar 2011	$1.87B	-3.2%
Dec 2010	$1.94B	+0.6%
Sep 2010	$1.92B	+6.8%
Jun 2010	$1.80B	+12.7%
Mar 2010	$1.60B	-6.2%
Dec 2009	$1.71B	+12.9%
Sep 2009	$1.51B	-0.6%
Jun 2009	$1.52B	-1.1%
Mar 2009	$1.54B	-26.9%
Dec 2008	$2.10B	+15.9%
Sep 2008	$1.81B	+1.6%
Jun 2008	$1.78B	+10.8%
Mar 2008	$1.61B	-3.9%

Month	Value	Change
Dec 2007	$1.68B	+6.8%
Sep 2007	$1.57B	+0.4%
Jun 2007	$1.56B	+6.5%
Mar 2007	$1.47B	-8.7%
Dec 2006	$1.61B	+2.9%
Sep 2006	$1.56B	+7.5%
Jun 2006	$1.45B	+6.0%
Mar 2006	$1.37B	-6.2%
Dec 2005	$1.46B	+13.1%
Sep 2005	$1.29B	+2.2%
Jun 2005	$1.27B	+5.6%
Mar 2005	$1.20B	-4.8%
Dec 2004	$1.26B	+12.3%
Sep 2004	$1.12B	-10.3%
Jun 2004	$1.25B	+14.5%
Mar 2004	$1.09B	+8.4%
Dec 2003	$1.01B	-1.0%
Sep 2003	$1.02B	0.0%
Jun 2003	$1.02B	+7.1%
Mar 2003	$950.00M	-10.2%
Dec 2002	$1.06B	+0.3%
Sep 2002	$1.06B	+5.3%
Jun 2002	$1.00B	-3.1%
Mar 2002	$1.03B	+14.5%
Dec 2001	$903.00M	-17.5%
Sep 2001	$1.10B	+1.9%
Jun 2001	$1.08B	+3.5%
Mar 2001	$1.04B	-35.7%
Dec 2000	$1.62B	+190.5%
Sep 2000	$556.00M	+1.6%
Jun 2000	$547.00M	+2.2%
Mar 2000	$535.00M	-64.6%
Dec 1999	$1.51B	+183.8%
Sep 1999	$532.00M	-3.1%
Jun 1999	$549.00M	-4.7%
Mar 1999	$576.00M	-62.1%
Dec 1998	$1.52B	+166.4%
Sep 1998	$571.00M	-0.5%
Jun 1998	$574.00M	+6.7%
Mar 1998	$538.00M	-42.9%
Dec 1997	$943.00M	+6.9%
Sep 1997	$882.00M	+1.5%
Jun 1997	$869.00M	+8.1%
Mar 1997	$804.00M	-7.1%
Dec 1996	$865.00M	+12.2%
Sep 1996	$771.00M	+3.9%
Jun 1996	$742.00M	+0.7%
Mar 1996	$737.00M	+1.1%
Dec 1995	$729.00M	+9.3%
Sep 1995	$667.00M	-5.9%
Jun 1995	$709.00M	+5.0%
Mar 1995	$675.00M	-43.5%
Dec 1994	$1.19B	+167.1%
Sep 1994	$447.00M	-29.0%
Jun 1994	$630.00M	+4.8%
Mar 1994	$601.00M	-48.3%
Dec 1993	$1.16B	+173.4%
Sep 1993	$425.00M	-28.6%
Jun 1993	$595.00M	+5.9%
Mar 1993	$562.00M	-16.0%
Dec 1992	$669.00M	+17.2%
Sep 1992	$571.00M	+7.3%
Jun 1992	$532.00M	-3.4%
Mar 1992	$551.00M	-37.9%
Dec 1991	$887.00M	+60.1%
Sep 1991	$554.00M	+3.6%
Jun 1991	$535.00M	-0.4%
Mar 1991	$537.00M	-9.4%
Dec 1990	$593.00M	+8.6%
Sep 1990	$546.00M	+1.1%
Jun 1990	$540.00M	+1.9%
Mar 1990	$530.00M	-1.5%
Dec 1989	$538.00M	+3.3%
Sep 1989	$521.00M	+3.6%
Jun 1989	$503.00M	-

FAQ

What is the current quarterly operating expenses of CAT?: As of today, CAT quarterly operating expenses is $2.72B
What is CAT quarterly operating expenses most recent change?: CAT quarterly operating expenses was down -7.30% on September 30, 2026
What is 1-year change in CAT quarterly operating expenses?: CAT quarterly operating expenses is up +7.22% year-over-year
How far is CAT quarterly operating expenses from its all-time high?: CAT quarterly operating expenses is currently -7.30% below its historical high of $2.93B set on June 30, 2026
How does CAT quarterly operating expenses rank versus sector peers?: CAT quarterly operating expenses is higher than 99.53% of companies in Industrials sector
When is CAT next earnings release?: The next earnings release for CAT is on February 2, 2027

Operating Expenses Formula

Operating Expenses = SG&A + R&D Expenses + D&A + Other Operating Expenses

Data Sources & References

CAT Official Website www.caterpillar.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/18230/000001823026000003/0000018230-26-000003-index.htm
CAT Profile on Yahoo Finance finance.yahoo.com/quote/CAT
CAT Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/cat