Elbit Systems (ESLT) Operating Expenses (2009 - 2026)
Elbit Systems' (ESLT) quarterly Operating Expenses came in at $360.2 million in Q2 2026, up 14.32% year-over-year from $315.1 million in Q2 2025, and up 3.83% quarter-over-quarter from $346.9 million in Q1 2026.
Analysis
Elbit Systems (ESLT) Operating Expenses (2009 - 2026) Analysis & Trends
Elbit Systems (ESLT) has reported Operating Expenses for 18 consecutive years, with $360.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 14.32% year-over-year to $360.2 million in Q2 2026; TTM through Jun 2026 was $1.2 billion, a 15.01% increase from a year earlier, with the FY2025 full-year figure at $1.3 billion, up 9.63% from the prior year.
- Operating Expenses was $360.2 million for Q2 2026 at Elbit Systems, up from $346.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $360.2 million in Q2 2026 and troughed at $75.0 million in Q3 2024.
- A 5-year average of $269.5 million and a median of $269.7 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses slumped 71.27% in 2024 and soared 69.16% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $260.3 million in 2022, then increased by 20.83% to $314.5 million in 2023, then grew by 2.95% to $323.8 million in 2024, then increased by 4.18% to $337.3 million in 2025, then gained by 6.78% to $360.2 million in 2026.
- The last three Operating Expenses figures came in at $360.2 million (Q2 2026), $346.9 million (Q1 2026), and $337.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 122.01 Bn | 118.22 Bn | 2.45 Bn | - |
| 2 | General Dynamics | 95.71 Bn | 91.37 Bn | 6.76 Bn | 12.63 Bn |
| 3 | Motorola Solutions | 76.80 Bn | 76.09 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Northrop Grumman | 73.72 Bn | 71.41 Bn | 3.72 Bn | 9.78 Bn |
| 5 | L3Harris Technologies | 46.24 Bn | 44.72 Bn | 1.50 Bn | 848.00 Mn |
| 6 | Elbit Systems | 33.11 Bn | 32.15 Bn | 579.01 Mn | 360.21 Mn |
| 7 | Teledyne Technologies | 27.62 Bn | 27.28 Bn | 738.10 Mn | 1.33 Bn |
| 8 | Curtiss Wright | 20.67 Bn | 20.19 Bn | 364.09 Mn | 139.39 Mn |
| 9 | Leidos Holdings | 16.32 Bn | 15.57 Bn | 817.00 Mn | 310.00 Mn |
| 10 | Caci International | 13.78 Bn | 13.59 Bn | 913.55 Mn | 2.44 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 360.21 Mn |
| Mar 31, 2026 | 346.93 Mn |
| Dec 31, 2025 | 337.33 Mn |
| Sep 30, 2025 | 126.92 Mn |
| Jun 30, 2025 | 315.09 Mn |
| Mar 31, 2025 | 304.60 Mn |
| Dec 31, 2024 | 323.81 Mn |
| Sep 30, 2024 | 75.03 Mn |
| Jun 30, 2024 | 273.20 Mn |
| Mar 31, 2024 | 268.79 Mn |
| Dec 31, 2023 | 314.53 Mn |
| Sep 30, 2023 | 261.12 Mn |
| Jun 30, 2023 | 270.57 Mn |
| Mar 31, 2023 | 267.62 Mn |
| Dec 31, 2022 | 260.30 Mn |
| Sep 30, 2022 | 252.56 Mn |
| Jun 30, 2022 | 224.61 Mn |
| Mar 31, 2022 | 268.33 Mn |
| Dec 31, 2021 | 267.08 Mn |
| Sep 30, 2021 | 252.89 Mn |