General Dynamics (GD) Operating Expenses (2009 - 2026)
General Dynamics (GD) recorded Operating Expenses of $12.63 billion in Q2 2026, up 7.7% from $11.74 billion a year earlier and up 4.8% from the prior quarter.
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Analysis
General Dynamics (GD) Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, General Dynamics' Operating Expenses came in at $49.2 billion as of Jul 5, 2026, up 9.1% year-over-year; for FY2025, it was $47.19 billion, up 10.0% from FY2024.
- Annual Operating Expenses has increased for five straight years, with a five-year compound annual growth rate of 6.9% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $42.92 billion in FY2024 (+12.9%), $38.03 billion in FY2023 (+8.0%), $35.2 billion in FY2022 (+2.6%) and $34.31 billion in FY2021 (+1.5%).
- Quarterly Operating Expenses has ranged from $8.21 billion in Q2 2022 to $12.93 billion in Q4 2025 over the past five years.
- On a year-over-year basis, Operating Expenses has increased for 16 consecutive quarters, with growth averaging 10.4% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 17.7% in Q2 2024, against a decline of 0.9% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $12.06 billion (Q1 2026), $12.93 billion (Q4 2025) and $11.58 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 324.09 Bn | 278.09 Bn | 4.68 Bn | 10.86 Bn |
| 2 | Rtx | 250.22 Bn | 223.44 Bn | 5.13 Bn | 21.96 Bn |
| 3 | Boeing | 147.08 Bn | 53.78 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 117.51 Bn | 104.24 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 90.46 Bn | 86.07 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 89.77 Bn | 76.88 Bn | 2.18 Bn | 12.63 Bn |
| 7 | Motorola Solutions | 73.88 Bn | 70.24 Bn | 1.68 Bn | 756.00 Mn |
| 8 | Northrop Grumman | 68.68 Bn | 57.92 Bn | 2.12 Bn | 9.78 Bn |
| 9 | Honeywell International | 66.86 Bn | 19.30 Bn | 3.65 Bn | 1.87 Bn |
| 10 | TransDigm | 59.83 Bn | 47.91 Bn | 1.63 Bn | 332.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 5, 2026 | 12.63 Bn |
| Apr 5, 2026 | 12.06 Bn |
| Dec 31, 2025 | 12.93 Bn |
| Sep 28, 2025 | 11.58 Bn |
| Jun 29, 2025 | 11.74 Bn |
| Mar 30, 2025 | 10.96 Bn |
| Dec 31, 2024 | 11.92 Bn |
| Sep 29, 2024 | 10.49 Bn |
| Jun 30, 2024 | 10.82 Bn |
| Mar 31, 2024 | 9.70 Bn |
| Dec 31, 2023 | 10.38 Bn |
| Oct 1, 2023 | 9.51 Bn |
| Jul 2, 2023 | 9.19 Bn |
| Apr 2, 2023 | 8.94 Bn |
| Dec 31, 2022 | 9.62 Bn |
| Oct 2, 2022 | 8.88 Bn |
| Jul 3, 2022 | 8.21 Bn |
| Apr 3, 2022 | 8.48 Bn |
| Dec 31, 2021 | 9.11 Bn |
| Oct 3, 2021 | 8.49 Bn |
API Access
General Dynamics Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=GD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "GD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=GD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();