General Dynamics (GD) Operating Expenses (2009 - 2026)
General Dynamics' (GD) quarterly Operating Expenses came in at $12.1 billion in Q2 2026, up 10.1% year-on-year from $11.0 billion in Q2 2025, and down 6.7% quarter-over-quarter from $12.9 billion in Q4 2025.
General Dynamics (GD) Operating Expenses (2009 - 2026) Analysis & Trends
General Dynamics has disclosed Operating Expenses across 18 years of filings, most recently posting $12.1 billion for Q2 2026.
- Operating Expenses for Q2 2026 came in at $12.1 billion, up 10.1% year-over-year; the trailing twelve-month figure through Apr 2026 was $48.3 billion (up 9.33% YoY), and the FY2025 annual result was $47.2 billion, up 9.96% from the prior year.
- Operating Expenses came in at $12.1 billion for Q2 2026 at General Dynamics, down from $12.9 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $12.9 billion in Q4 2025 to a low of $8.2 billion in Q3 2022.
- The 5-year median for Operating Expenses is $10.4 billion (2023), against an average of $10.3 billion.
- Across the five-year window, Operating Expenses declined 0.61% in 2022 and gained 17.74% in 2024, its largest moves.
- General Dynamics' Operating Expenses stood at $9.6 billion in 2022, then increased by 7.86% to $10.4 billion in 2023, then increased by 14.79% to $11.9 billion in 2024, then increased by 8.49% to $12.9 billion in 2025, then decreased by 6.7% to $12.1 billion in 2026.
- The last three Operating Expenses figures came in at $12.1 billion (Q2 2026), $12.9 billion (Q4 2025), and $11.6 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DEFSEC Technologies | 5,720.56 Bn | 5,720.56 Bn | 456,459.43 | 1.85 Mn |
| 2 | General Electric | 359.38 Bn | 348.64 Bn | 9.11 Bn | 10.18 Bn |
| 3 | Rtx | 248.80 Bn | 243.70 Bn | 9.08 Bn | 19.59 Bn |
| 4 | Boeing | 180.64 Bn | 159.74 Bn | 2.55 Bn | 2.10 Bn |
| 5 | Lockheed Martin | 121.64 Bn | 119.74 Bn | 2.08 Bn | - |
| 6 | Howmet Aerospace | 108.46 Bn | 106.03 Bn | 854.00 Mn | 120.00 Mn |
| 7 | General Dynamics | 96.96 Bn | 93.31 Bn | 9.09 Bn | 12.06 Bn |
| 8 | Embraer | 95.73 Bn | 93.11 Bn | - | - |
| 9 | Northrop Grumman | 77.30 Bn | 75.21 Bn | 3.45 Bn | 8.89 Bn |
| 10 | TransDigm | 74.20 Bn | 70.32 Bn | 1.51 Bn | 273.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 4, 2021 | 8.26 Bn |