General Dynamics (GD) Operating Expenses (2009 - 2026)
General Dynamics (GD) reported Operating Expenses of $12.1 billion for Q2 2026, up 10.1% on a YoY basis from $11.0 billion in Q2 2025, and down 6.7% sequentially from $12.9 billion in Q4 2025.
General Dynamics (GD) Operating Expenses (2009 - 2026) Analysis & Trends
General Dynamics (GD) has 18 years of Operating Expenses data on file, last reported at $12.1 billion in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 10.1% year-over-year to $12.1 billion; the trailing twelve-month figure through Apr 2026 stood at $48.3 billion (up 9.33% YoY), and the FY2025 full-year result was $47.2 billion, up 9.96% from the prior year.
- Operating Expenses slipped to $12.1 billion in Q2 2026, 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.
- A 5-year average of $10.3 billion and a median of $10.4 billion in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses declined 0.61% in 2022 and gained 17.74% in 2024, its largest moves.
- Tracing GD's Operating Expenses over 5 years: stood at $9.6 billion in 2022, then grew by 7.86% to $10.4 billion in 2023, then grew by 14.79% to $11.9 billion in 2024, then grew by 8.49% to $12.9 billion in 2025, then retreated by 6.7% to $12.1 billion in 2026.
- Business Quant data shows GD's Operating Expenses at $12.1 billion in Q2 2026, $12.9 billion in Q4 2025, and $11.6 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 370.01 Bn | 360.67 Bn | -3.10 Bn | 10.86 Bn |
| 2 | Rtx | 289.51 Bn | 281.20 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 175.23 Bn | 155.21 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 131.81 Bn | 128.02 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 111.46 Bn | 109.03 Bn | 854.00 Mn | 27.00 Mn |
| 6 | General Dynamics | 103.47 Bn | 99.14 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 75.90 Bn | 73.59 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 72.86 Bn | 68.97 Bn | 1.51 Bn | 273.00 Mn |
| 9 | L3Harris Technologies | 50.70 Bn | 50.11 Bn | 1.40 Bn | 750.00 Mn |
| 10 | Embraer | 49.85 Bn | 47.89 Bn | - | - |
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 |