Cleveland-Cliffs (CLF) Operating Expenses (2009 - 2026)

Cleveland-Cliffs (CLF) has reported Operating Expenses for 18 consecutive years, with $5.3 billion the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses fell 2.94% year-over-year to $5.3 billion in Q2 2026; TTM through Jun 2026 was $20.0 billion, a 1.16% decrease from a year earlier, with the FY2025 full-year figure at $20.2 billion, up 1.21% from the prior year.
• Operating Expenses was $5.3 billion for Q2 2026 at Cleveland-Cliffs, up from $5.1 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $5.5 billion in Q2 2023 and troughed at $4.6 billion in Q4 2025.
• A 5-year average of $5.2 billion and a median of $5.2 billion in 2022 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses soared 38.19% in 2022 and dropped 8.52% in 2024, its largest moves.
• Over 5 years, Operating Expenses stood at $5.2 billion in 2022, then gained by 0.08% to $5.2 billion in 2023, then slipped by 8.41% to $4.8 billion in 2024, then fell by 3.05% to $4.6 billion in 2025, then grew by 13.59% to $5.3 billion in 2026.
• The last three Operating Expenses figures came in at $5.3 billion (Q2 2026), $5.1 billion (Q1 2026), and $4.6 billion (Q4 2025), per Business Quant data.