Herbalife (HLF) Operating Expenses (2009 - 2026)
Herbalife's (HLF) quarterly Operating Expenses came in at $436.2 million in Q2 2026, up 6.78% year-over-year from $408.5 million in Q2 2025, and up 1.11% quarter-over-quarter from $431.4 million in Q1 2026.
Analysis
Herbalife (HLF) Operating Expenses (2009 - 2026) Analysis & Trends
Herbalife has disclosed Operating Expenses across 18 years of filings, most recently posting $436.2 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 6.78% year-over-year to $436.2 million; the TTM figure through Jun 2026 stood at $1.7 billion (up 7.29% YoY), while the FY2025 annual figure was $1.7 billion, down 3.55% from the prior year.
- Operating Expenses came in at $436.2 million for Q2 2026 at Herbalife, up from $431.4 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.
- Average Operating Expenses over 5 years is $427.7 million, with a median of $445.8 million recorded in 2024.
- Year-over-year, Operating Expenses declined 29.27% in 2023 and grew 17.35% in 2025.
- Over 5 years, Operating Expenses stood at $437.3 million in 2022, then declined by 29.27% to $309.3 million in 2023, then dropped by 7.18% to $287.1 million in 2024, then advanced by 17.35% to $336.9 million in 2025, then gained by 29.47% to $436.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $436.2 million in Q2 2026, $431.4 million in Q1 2026, and $336.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Colgate Palmolive | 70.23 Bn | 68.86 Bn | 3.30 Bn | 2.13 Bn |
| 2 | Kenvue | 34.13 Bn | 33.02 Bn | 2.30 Bn | 1.60 Bn |
| 3 | Kimberly Clark | 32.73 Bn | 31.77 Bn | 1.60 Bn | - |
| 4 | Bath & Body Works | 3.77 Bn | 2.98 Bn | 692.00 Mn | 476.00 Mn |
| 5 | Prestige Consumer Healthcare | 2.27 Bn | 2.21 Bn | - | - |
| 6 | Perrigo | 1.89 Bn | 1.49 Bn | 313.90 Mn | 290.50 Mn |
| 7 | Herbalife | 1.28 Bn | 905.45 Mn | 1.03 Bn | 436.20 Mn |
| 8 | Edgewell Personal Care | 1.24 Bn | 840.59 Mn | 242.50 Mn | 134.30 Mn |
| 9 | TFA Therapeutics | 1.02 Bn | 1.02 Bn | - | - |
| 10 | Honest Company | 586.90 Mn | 481.00 Mn | 40.36 Mn | 30.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 436.20 Mn |
| Mar 31, 2026 | 431.40 Mn |
| Dec 31, 2025 | 336.90 Mn |
| Sep 30, 2025 | 447.60 Mn |
| Jun 30, 2025 | 408.50 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 |