Archer-Daniels-Midland (ADM) Operating Expenses (2009 - 2026)
Archer-Daniels-Midland (ADM) posted Operating Expenses of $973.0 million for Q1 2026, up 2.96% sequentially from $945.0 million in Q4 2025, and little changed YoY from $970.0 million in Q1 2025.
Archer-Daniels-Midland (ADM) Operating Expenses (2009 - 2026) Analysis & Trends
Archer-Daniels-Midland has reported Operating Expenses for 18 years, with the latest figure at $973.0 million in Q1 2026.
- Quarterly Operating Expenses changed 0.31% year-over-year to $973.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.1 billion (down 3.93% YoY) and the FY2025 annual result came in at $4.1 billion, down 3.98% from the prior year.
- Operating Expenses grew to $973.0 million in Q1 2026 per ADM's latest filing, from $945.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.4 billion in Q3 2024 and troughed at $815.0 million in Q2 2022.
- A 5-year average of $972.2 million and a median of $945.0 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 57.94% in 2024, then retreated 20.75% in 2025.
- Over 5 years, Operating Expenses stood at $933.0 million in 2022, then rose by 19.51% to $1.1 billion in 2023, then declined by 14.26% to $956.0 million in 2024, then decreased by 1.15% to $945.0 million in 2025, then advanced by 2.96% to $973.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $973.0 million, $945.0 million, and $1.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Archer-Daniels-Midland | 39.70 Bn | 30.13 Bn | 1.94 Bn | 1.04 Bn |
| 2 | Bunge Global | 22.60 Bn | 21.96 Bn | 1.68 Bn | 606.00 Mn |
| 3 | Tyson Foods | 16.47 Bn | 15.73 Bn | 921.00 Mn | 559.00 Mn |
| 4 | Cal-Maine Foods | 3.91 Bn | 3.80 Bn | 34.07 Mn | 93.59 Mn |
| 5 | Del Monte | 1.49 Bn | 1.45 Bn | 121.30 Mn | 72.60 Mn |
| 6 | Dole | 1.27 Bn | 975.26 Mn | 195.30 Mn | 148.44 Mn |
| 7 | Adecoagro | 1.11 Bn | 885.33 Mn | 97.80 Mn | -35.83 Mn |
| 8 | Vital Farms | 455.33 Mn | 434.00 Mn | 10.93 Mn | 51.08 Mn |
| 9 | Village Farms International | 299.19 Mn | 226.26 Mn | 29.97 Mn | 18.81 Mn |
| 10 | Alico | 294.68 Mn | 239.10 Mn | 4.05 Mn | 2.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.04 Bn |
| Mar 31, 2026 | 973.00 Mn |
| Dec 31, 2025 | 945.00 Mn |
| Sep 30, 2025 | 1.12 Bn |
| Jun 30, 2025 | 1.05 Bn |
| Mar 31, 2025 | 970.00 Mn |
| Dec 31, 2024 | 956.00 Mn |
| Sep 30, 2024 | 1.41 Bn |
| Jun 30, 2024 | 914.00 Mn |
| Mar 31, 2024 | 969.00 Mn |
| Dec 31, 2023 | 1.12 Bn |
| Sep 30, 2023 | 894.00 Mn |
| Jun 30, 2023 | 901.00 Mn |
| Mar 31, 2023 | 888.00 Mn |
| Dec 31, 2022 | 933.00 Mn |
| Sep 30, 2022 | 846.00 Mn |
| Jun 30, 2022 | 815.00 Mn |
| Mar 31, 2022 | 830.00 Mn |
| Dec 31, 2021 | 866.00 Mn |
| Sep 30, 2021 | 722.00 Mn |