Herbalife (HLF) Operating Expenses (2009 - 2026)

Herbalife has disclosed Operating Expenses across 18 years of filings, most recently posting $431.4 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $431.4 million, up 7.77% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.7 billion (up 1.84% YoY), and the FY2025 annual result was $1.7 billion, down 3.55% from the prior year.
• Operating Expenses came in at $431.4 million for Q1 2026 at Herbalife, up 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.
• The 5-year median for Operating Expenses is $447.9 million (2025), against an average of $429.5 million.
• Across the five-year window, Operating Expenses dropped 29.27% in 2023 and climbed 17.35% in 2025, its largest moves.
• Herbalife's 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 increased by 28.05% to $431.4 million in 2026.
• The last three Operating Expenses figures came in at $431.4 million (Q1 2026), $336.9 million (Q4 2025), and $447.6 million (Q3 2025), per Business Quant data.