Freeport-Mcmoran (FCX) Operating Expenses (2009 - 2026)
Freeport-Mcmoran (FCX) posted quarterly 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 reported Operating Expenses for 18 consecutive years, with $4.1 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 7.41% year-over-year to $4.1 billion; the TTM figure through Mar 2026 stood at $19.1 billion (up 4.04% YoY), while the FY2025 annual figure was $19.4 billion, up 4.34% from the prior year.
- Operating Expenses slipped to $4.1 billion in Q1 2026 per FCX's latest filing, from $4.8 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $5.2 billion in Q2 2025 and bottomed at $3.7 billion in Q2 2022.
- Historically, Operating Expenses has averaged $4.4 billion across 5 years, with a median of $4.3 billion in 2023.
- Annual changes were most pronounced in 2024 — Operating Expenses advanced 23.73% — and 2026, when it slipped 7.41%.
- Freeport-Mcmoran's Operating Expenses stood at $4.2 billion in 2022, then slipped by 1.06% to $4.2 billion in 2023, then gained by 7.03% to $4.5 billion in 2024, then increased by 7.71% to $4.8 billion in 2025, then retreated 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Southern Copper | 159.00 Bn | 151.67 Bn | 2.90 Bn | 1.67 Bn |
| 2 | Freeport-Mcmoran | 98.43 Bn | 94.35 Bn | 2.19 Bn | 5.03 Bn |
| 3 | Hudbay Minerals | 10.97 Bn | 9.93 Bn | 269.00 Mn | 273.50 Mn |
| 4 | Ero Copper | 3.73 Bn | 3.64 Bn | 105.91 Mn | -11.06 Mn |
| 5 | Trekor Metals | 3.18 Bn | 3.05 Bn | 83.54 Mn | -3.35 Mn |
| 6 | Ivanhoe Electric | 1.76 Bn | 1.50 Bn | 368,000.00 | 22.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.03 Bn |
| 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 |