General Motors (GM) Operating Expenses (2010 - 2026)
General Motors' (GM) quarterly Operating Expenses came in at $46.6 billion in Q2 2026, up 3.49% on a YoY basis from $45.0 billion in Q2 2025, and up 14.42% quarter-over-quarter from $40.7 billion in Q1 2026.
Analysis
General Motors (GM) Operating Expenses (2010 - 2026) Analysis & Trends
General Motors (GM) has reported Operating Expenses for 17 consecutive years, with $46.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 3.49% year-over-year to $46.6 billion; the trailing twelve-month figure through Jun 2026 stood at $183.7 billion (up 3.82% YoY), and the FY2025 full-year result was $182.1 billion, up 4.27% from the prior year.
- Operating Expenses grew to $46.6 billion in Q2 2026 per GM's latest filing, from $40.7 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $48.9 billion in Q4 2025 and bottomed at $33.6 billion in Q2 2022.
- Historically, Operating Expenses has averaged $41.8 billion across 5 years, with a median of $41.5 billion in 2023.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses surged 53.17% in 2022, then advanced 0.07% in 2026.
- Over 5 years, Operating Expenses stood at $40.5 billion in 2022, then advanced by 3.86% to $42.1 billion in 2023, then gained by 9.79% to $46.2 billion in 2024, then grew by 5.96% to $48.9 billion in 2025, then retreated by 4.84% to $46.6 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $46.6 billion, $40.7 billion, and $48.9 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,159.10 Bn | 1,115.58 Bn | 4.75 Bn | 4.35 Bn |
| 2 | Toyota Motor | 254.03 Bn | 176.04 Bn | 12.27 Bn | 78.18 Bn |
| 3 | Honda Motor | 128.49 Bn | 88.36 Bn | 8.46 Bn | -34.70 Bn |
| 4 | General Motors | 75.41 Bn | 50.69 Bn | 7.33 Bn | 46.57 Bn |
| 5 | Ford Motor | 53.33 Bn | 21.99 Bn | 6.08 Bn | 47.66 Bn |
| 6 | Rivian Automotive | 20.17 Bn | 14.86 Bn | 179.00 Mn | 1.02 Bn |
| 7 | Li Auto | 12.13 Bn | -444.38 Mn | 417.98 Mn | -757.09 Mn |
| 8 | Xpeng | 9.84 Bn | 7.52 Bn | 601.83 Mn | -770.22 Mn |
| 9 | Nio | 8.17 Bn | 1.84 Bn | 870.51 Mn | -921.68 Mn |
| 10 | VinFast Auto | 7.27 Bn | 7.27 Bn | -677,431.76 Bn | -142,396.46 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.57 Bn |
| Mar 31, 2026 | 40.70 Bn |
| Dec 31, 2025 | 48.93 Bn |
| Sep 30, 2025 | 47.52 Bn |
| Jun 30, 2025 | 45.00 Bn |
| Mar 31, 2025 | 40.67 Bn |
| Dec 31, 2024 | 46.18 Bn |
| Sep 30, 2024 | 45.11 Bn |
| Jun 30, 2024 | 44.10 Bn |
| Mar 31, 2024 | 39.28 Bn |
| Dec 31, 2023 | 42.06 Bn |
| Sep 30, 2023 | 41.12 Bn |
| Jun 30, 2023 | 41.96 Bn |
| Mar 31, 2023 | 37.41 Bn |
| Dec 31, 2022 | 40.50 Bn |
| Sep 30, 2022 | 38.50 Bn |
| Jun 30, 2022 | 33.64 Bn |
| Mar 31, 2022 | 33.78 Bn |
| Dec 31, 2021 | 32.06 Bn |
| Sep 30, 2021 | 25.13 Bn |