Bristol Myers Squibb (BMY) Operating Expenses (2009 - 2026)
Bristol Myers Squibb's (BMY) quarterly Operating Expenses came in at $8.9 billion in Q2 2026, down 15.33% year-over-year from $10.5 billion in Q2 2025, and up 7.72% quarter-over-quarter from $8.2 billion in Q1 2026.
Analysis
Bristol Myers Squibb (BMY) Operating Expenses (2009 - 2026) Analysis & Trends
Bristol Myers Squibb (BMY) has reported Operating Expenses for 18 consecutive years, with $8.9 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 15.33% year-over-year to $8.9 billion in Q2 2026; TTM through Jun 2026 was $37.3 billion, a 9.32% decrease from a year earlier, with the FY2025 full-year figure at $38.9 billion, down 31.43% from the prior year.
- Operating Expenses was $8.9 billion for Q2 2026 at Bristol Myers Squibb, up from $8.2 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $23.4 billion in Q1 2024 and troughed at $8.2 billion in Q1 2025.
- A 5-year average of $10.4 billion and a median of $9.7 billion in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 172.92% in 2024 and slumped 64.8% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $9.5 billion in 2022, then gained by 2.68% to $9.8 billion in 2023, then climbed by 24.12% to $12.2 billion in 2024, then dropped by 9.33% to $11.0 billion in 2025, then decreased by 19.44% to $8.9 billion in 2026.
- The last three Operating Expenses figures came in at $8.9 billion (Q2 2026), $8.2 billion (Q1 2026), and $11.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 650.65 Bn | 629.89 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 466.34 Bn | 459.82 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 362.11 Bn | 355.02 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 267.81 Bn | 260.52 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Pfizer | 157.31 Bn | 145.91 Bn | 10.94 Bn | 6.68 Bn |
| 6 | Bristol Myers Squibb | 128.75 Bn | 117.69 Bn | 9.25 Bn | 8.89 Bn |
| 7 | Sanofi | 51.80 Bn | 44.84 Bn | 10.79 Bn | -5.98 Bn |
| 8 | Revolution Medicines | 40.91 Bn | 40.91 Bn | - | 505.13 Mn |
| 9 | BeOne Medicines | 39.65 Bn | 34.55 Bn | 1.53 Bn | 1.21 Bn |
| 10 | Incyte | 25.18 Bn | 20.65 Bn | 1.57 Bn | 976.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.89 Bn |
| Mar 31, 2026 | 8.25 Bn |
| Dec 31, 2025 | 11.03 Bn |
| Sep 30, 2025 | 9.11 Bn |
| Jun 30, 2025 | 10.50 Bn |
| Mar 31, 2025 | 8.23 Bn |
| Dec 31, 2024 | 12.17 Bn |
| Sep 30, 2024 | 10.22 Bn |
| Jun 30, 2024 | 10.92 Bn |
| Mar 31, 2024 | 23.38 Bn |
| Dec 31, 2023 | 9.80 Bn |
| Sep 30, 2023 | 8.83 Bn |
| Jun 30, 2023 | 9.37 Bn |
| Mar 31, 2023 | 8.57 Bn |
| Dec 31, 2022 | 9.55 Bn |
| Sep 30, 2022 | 9.01 Bn |
| Jun 30, 2022 | 9.93 Bn |
| Mar 31, 2022 | 9.96 Bn |
| Dec 31, 2021 | 10.13 Bn |
| Sep 30, 2021 | 9.47 Bn |