Herbalife (HLF) Operating Expenses (2009 - 2026)

Herbalife (HLF) reported Operating Expenses of $431.4 million for Q1 2026, up 7.77% on a YoY basis from $400.3 million in Q1 2025, and up 28.05% sequentially from $336.9 million in Q4 2025.

Herbalife (HLF) Operating Expenses (2009 - 2026) Analysis & Trends

Herbalife (HLF) has 18 years of Operating Expenses data on file, last reported at $431.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 7.77% year-over-year to $431.4 million; the trailing twelve-month figure through Mar 2026 stood at $1.7 billion (up 1.84% YoY), and the FY2025 full-year result was $1.7 billion, down 3.55% from the prior year.
  • Operating Expenses improved to $431.4 million in Q1 2026, from $336.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $502.3 million in Q2 2024 to a low of $287.1 million in Q4 2024.
  • A 5-year average of $429.5 million and a median of $447.9 million in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses dropped 29.27% in 2023 and climbed 17.35% in 2025, its largest moves.
  • Tracing HLF's Operating Expenses over 5 years: stood at $437.3 million in 2022, then dropped by 29.27% to $309.3 million in 2023, then slipped by 7.18% to $287.1 million in 2024, then gained by 17.35% to $336.9 million in 2025, then grew by 28.05% to $431.4 million in 2026.
  • Business Quant data shows HLF's Operating Expenses at $431.4 million in Q1 2026, $336.9 million in Q4 2025, and $447.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Kraft Heinz 30.05 Bn 26.07 Bn 2.22 Bn 1.07 Bn
2 General Mills 19.11 Bn 18.67 Bn 1.60 Bn 3.70 Bn
3 Hormel Foods 13.78 Bn 12.93 Bn 518.51 Mn 318.62 Mn
4 Mccormick 13.51 Bn 13.76 Bn 778.20 Mn 441.80 Mn
5 Magnum Ice Cream 10.87 Bn 10.35 Bn - -
6 Smithfield Foods 10.26 Bn 8.88 Bn 511.00 Mn 180.00 Mn
7 Darling Ingredients 10.06 Bn 10.02 Bn 404.92 Mn 1.43 Bn
8 Conagra Brands 6.88 Bn 6.66 Bn 704.10 Mn 401.10 Mn
9 Lamb Weston Holdings 6.84 Bn 6.78 Bn 361.40 Mn 192.60 Mn
10 Herbalife 1.22 Bn 776.22 Mn 1.03 Bn 431.40 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 431.40 Mn
Dec 31, 2025 336.90 Mn
Sep 30, 2025 447.60 Mn
Jun 30, 2025 447.90 Mn
Mar 31, 2025 400.30 Mn
Dec 31, 2024 287.10 Mn
Sep 30, 2024 444.00 Mn
Jun 30, 2024 502.30 Mn
Mar 31, 2024 492.20 Mn
Dec 31, 2023 309.30 Mn
Sep 30, 2023 455.30 Mn
Jun 30, 2023 460.50 Mn
Mar 31, 2023 475.90 Mn
Dec 31, 2022 437.30 Mn
Sep 30, 2022 448.20 Mn
Jun 30, 2022 470.00 Mn
Mar 31, 2022 454.90 Mn
Dec 31, 2021 513.20 Mn
Sep 30, 2021 486.30 Mn
Jun 30, 2021 505.90 Mn