Freeport-Mcmoran (FCX) Operating Expenses (2009 - 2026)

Freeport-Mcmoran (FCX) reported Operating Expenses of $4.1 billion for Q1 2026, down 7.41% year-over-year from $4.4 billion in Q1 2025, and down 15.04% quarter-over-quarter from $4.8 billion in Q4 2025.

Freeport-Mcmoran (FCX) Operating Expenses (2009 - 2026) Analysis & Trends

Freeport-Mcmoran (FCX) has 18 years of Operating Expenses data on file, last reported at $4.1 billion in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $4.1 billion, down 7.41% year-over-year; the trailing twelve-month figure through Mar 2026 was $19.1 billion (up 4.04% YoY), and the FY2025 annual result was $19.4 billion, up 4.34% from the prior year.
  • Operating Expenses declined to $4.1 billion in Q1 2026 per FCX's latest filing, from $4.8 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $5.2 billion in Q2 2025 and troughed at $3.7 billion in Q2 2022.
  • A 5-year average of $4.4 billion and a median of $4.3 billion in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2026: Operating Expenses advanced 23.73% in 2024, then slipped 7.41% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $4.2 billion in 2022, then decreased by 1.06% to $4.2 billion in 2023, then rose by 7.03% to $4.5 billion in 2024, then grew by 7.71% to $4.8 billion in 2025, then fell by 15.04% to $4.1 billion in 2026.
  • Business Quant data shows FCX's Operating Expenses at $4.1 billion in Q1 2026, $4.8 billion in Q4 2025, and $5.0 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Southern Copper 142.13 Bn 136.85 Bn 2.75 Bn 1.77 Bn
2 Freeport-Mcmoran 91.19 Bn 99.46 Bn 6.22 Bn 4.10 Bn
3 Hudbay Minerals 10.19 Bn 9.65 Bn 368.00 Mn 289.40 Mn
4 Ero Copper 2.69 Bn 2.58 Bn 105.91 Mn -11.06 Mn
5 Ivanhoe Electric 1.75 Bn 1.46 Bn 505,000.00 10.27 Mn
6 Taseko Mines 3.95 Mn -119.02 Mn 83.54 Mn -3.35 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.10 Bn
Dec 31, 2025 4.82 Bn
Sep 30, 2025 5.00 Bn
Jun 30, 2025 5.15 Bn
Mar 31, 2025 4.43 Bn
Dec 31, 2024 4.48 Bn
Sep 30, 2024 4.85 Bn
Jun 30, 2024 4.58 Bn
Mar 31, 2024 4.69 Bn
Dec 31, 2023 4.18 Bn
Sep 30, 2023 4.33 Bn
Jun 30, 2023 4.33 Bn
Mar 31, 2023 3.79 Bn
Dec 31, 2022 4.23 Bn
Sep 30, 2022 4.04 Bn
Jun 30, 2022 3.68 Bn
Mar 31, 2022 3.79 Bn
Dec 31, 2021 3.86 Bn
Sep 30, 2021 3.62 Bn
Jun 30, 2021 3.68 Bn