Elanco Animal Health (ELAN) Operating Expenses (2017 - 2026)

Elanco Animal Health's (ELAN) quarterly Operating Expenses came in at $478.0 million in Q1 2026, up 9.89% year-on-year from $435.0 million in Q1 2025, and up 10.9% quarter-over-quarter from $431.0 million in Q4 2025.

Elanco Animal Health (ELAN) Operating Expenses (2017 - 2026) Analysis & Trends

Elanco Animal Health has disclosed Operating Expenses across 10 years of filings, most recently posting $478.0 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $478.0 million, up 9.89% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.8 billion (down 42.34% YoY), and the FY2025 annual result was $1.8 billion, down 54.49% from the prior year.
  • Operating Expenses came in at $478.0 million for Q1 2026 at Elanco Animal Health, up from $431.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $2.2 billion in Q3 2023 to a low of $431.0 million in Q4 2025.
  • The 5-year median for Operating Expenses is $1.1 billion (2022), against an average of $960.2 million.
  • Across the five-year window, Operating Expenses surged 102.34% in 2023 and sank 78.24% in 2024, its largest moves.
  • Elanco Animal Health's Operating Expenses stood at $1.1 billion in 2022, then increased by 8.19% to $1.2 billion in 2023, then slipped by 7.83% to $1.1 billion in 2024, then tumbled by 59.76% to $431.0 million in 2025, then gained by 10.9% to $478.0 million in 2026.
  • The last three Operating Expenses figures came in at $478.0 million (Q1 2026), $431.0 million (Q4 2025), and $440.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Teva Pharmaceutical Industries 38.34 Bn 34.60 Bn 1.97 Bn 526.00 Mn
2 Zoetis 33.27 Bn 31.33 Bn 1.62 Bn 788.00 Mn
3 United Therapeutics 23.75 Bn 21.60 Bn 648.10 Mn 455.70 Mn
4 Aurora Cannabis 17.11 Bn 17.03 Bn 33.43 Mn 19.40 Mn
5 Neurocrine Biosciences 16.37 Bn 15.05 Bn 800.70 Mn 621.10 Mn
6 Elanco Animal Health 11.78 Bn 11.35 Bn 785.00 Mn 478.00 Mn
7 Alkermes 7.05 Bn 6.54 Bn -116.06 Mn 441.19 Mn
8 Lantheus Holdings 6.49 Bn 5.99 Bn 230.92 Mn 96.91 Mn
9 Hims & Hers Health 6.19 Bn 5.44 Bn 396.79 Mn 475.11 Mn
10 Liquidia 5.63 Bn 5.40 Bn 121.79 Mn 71.36 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 478.00 Mn
Dec 31, 2025 431.00 Mn
Sep 30, 2025 440.00 Mn
Jun 30, 2025 492.00 Mn
Mar 31, 2025 435.00 Mn
Dec 31, 2024 1.07 Bn
Sep 30, 2024 471.00 Mn
Jun 30, 2024 1.22 Bn
Mar 31, 2024 1.19 Bn
Dec 31, 2023 1.16 Bn
Sep 30, 2023 2.17 Bn
Jun 30, 2023 1.14 Bn
Mar 31, 2023 1.15 Bn
Dec 31, 2022 1.07 Bn
Sep 30, 2022 1.07 Bn
Jun 30, 2022 1.19 Bn
Mar 31, 2022 1.15 Bn
Dec 31, 2021 1.24 Bn
Sep 30, 2021 1.26 Bn
Jun 30, 2021 1.52 Bn