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| Date | Value |
|---|---|
| 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 |