Bristol Myers Squibb BMY
NYSE BMY
$63.03 +0.20 (+0.32%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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