Elanco Animal Health ELAN
NYSE ELAN
$23.66 -0.31 (-1.31%)
As of: Sep 9, 2026 · 3:07 PM EDT

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

Elanco Animal Health's (ELAN) quarterly Operating Expenses came in at $550.0 million in Q2 2026, up 11.56% year-over-year from $493.0 million in Q2 2025, and up 11.34% quarter-over-quarter from $494.0 million in Q1 2026.

Analysis

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 $550.0 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 11.56% year-over-year to $550.0 million; the TTM figure through Jun 2026 stood at $2.1 billion (down 13.59% YoY), while the FY2025 annual figure was $2.0 billion, down 48.49% from the prior year.
  • Operating Expenses came in at $550.0 million for Q2 2026 at Elanco Animal Health, up from $494.0 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 $444.0 million in Q1 2025.
  • Average Operating Expenses over 5 years is $951.4 million, with a median of $1.1 billion recorded in 2022.
  • Year-over-year, Operating Expenses soared 102.34% in 2023 and plunged 78.24% in 2024.
  • Over 5 years, 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 sank by 40.9% to $633.0 million in 2025, then declined by 13.11% to $550.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $550.0 million in Q2 2026, $494.0 million in Q1 2026, and $633.0 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Idexx Laboratories 40.55 Bn 40.36 Bn 779.09 Mn 353.52 Mn
2 Zoetis 30.68 Bn 29.00 Bn 1.05 Bn 215.00 Mn
3 Elanco Animal Health 11.87 Bn 11.34 Bn 798.00 Mn 550.00 Mn
4 Phibro Animal Health 1.50 Bn 1.42 Bn 134.40 Mn 94.31 Mn
5 Immucell 89.92 Mn 81.06 Mn 2.44 Mn 502,288.00
6 Zhengye Biotechnology Holding 75.05 Mn 67.96 Mn - -
7 Global Innovative Platforms 24.88 Mn 24.63 Mn - 292,311.00
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 550.00 Mn
Mar 31, 2026 494.00 Mn
Dec 31, 2025 633.00 Mn
Sep 30, 2025 465.00 Mn
Jun 30, 2025 493.00 Mn
Mar 31, 2025 444.00 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