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| Date | Value |
|---|---|
| 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 |