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CARRIER GLOBAL Corp Total Operating Expenses 2018-2026 | CARR

Annual FY2018–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$19.84B

−2.7%YoY vs FY2024Source: 10-KFY2025

From $16.43B in FY2018 to $19.84B in FY2025: 1.2× in 7 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$5.1B+9.6%Not reportedNot reportedNot reported
FY25$4.7B−7.5%$5.3B+0.2%$5.1B−3.7%$4.8B+0.3%
FY24$5.0B+5.9%$5.3B+2.6%$5.3B+24.5%$4.8B+75.1%
FY23$4.8B+16.3%$5.2B+14.9%$4.2B−10.6%$2.7B+32.4%
FY22$4.1B−2.0%$4.5B−5.4%$4.7B+2.8%$2.1B−56.4%
Share25%27%26%22%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionStable
CAGR

+4.9%

FY2020
$15.59B
FY2025
$19.84B

5 years selected · on the chart

01—History

Total Operating Expenses History

Year-over-year comparison from 10-K annual reports

  8. $19.84B
YoY changeLargest recent move+20.7%in FY24Latest −2.7%

02—Ledger

Total Operating Expenses, period by period

PeriodValueChangeSource
FY2025$19.84B−2.7%10-K
FY2024$20.39B+20.7%10-K
FY2023$16.89B+9.8%10-K
FY2022$15.38B−15.7%10-K
FY2021$18.26B+17.1%10-K
FY2020$15.59B−4.7%10-K
FY2019$16.35B−0.5%10-K
FY2018$16.43B—10-K

03—Questions

What is total operating expenses?

Total operating expenses include all costs related to running the core business, including cost of goods sold, R&D, and SG&A.

What is CARRIER GLOBAL Corp's current total operating expenses?

CARRIER GLOBAL Corp (CARR) annual total operating expenses for 2025 was $19.84B, a 2.69% decline from 2024. CARRIER GLOBAL Corp total operating expenses for the quarter ending March 31, 2026 was $5.10B.

What was CARRIER GLOBAL Corp's total operating expenses in 2024?

CARRIER GLOBAL Corp annual total operating expenses for 2024 was $20.39B, a 20.72% increase from 2023.

What was CARRIER GLOBAL Corp's total operating expenses in 2023?

CARRIER GLOBAL Corp annual total operating expenses for 2023 was $16.89B, a 9.78% increase from 2022.

What is CARRIER GLOBAL Corp's 5-year total operating expenses CAGR?

CARRIER GLOBAL Corp total operating expenses grew at a compound annual growth rate (CAGR) of 4.94% from FY2020 to FY2025, going from $15.59B to $19.84B over 5 years.

Company
CARRIER GLOBAL Corp
Ticker
CARR
Sector
Other
Industry
Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
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