Herbalife (HLF) Operating Expenses (2009 - 2026)
Herbalife (HLF) posted Operating Expenses of $431.4 million for Q1 2026, up 28.05% sequentially from $336.9 million in Q4 2025, and up 7.77% YoY from $400.3 million in Q1 2025.
Herbalife (HLF) Operating Expenses (2009 - 2026) Analysis & Trends
Herbalife has reported Operating Expenses for 18 years, with the latest figure at $431.4 million in Q1 2026.
- Quarterly Operating Expenses rose 7.77% year-over-year to $431.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.7 billion (up 1.84% YoY) and the FY2025 annual result came in at $1.7 billion, down 3.55% from the prior year.
- Operating Expenses improved to $431.4 million in Q1 2026 per HLF's latest filing, from $336.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $502.3 million in Q2 2024 and troughed at $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.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses fell 29.27% in 2023, then increased 17.35% in 2025.
- Over 5 years, Operating Expenses stood at $437.3 million in 2022, then retreated by 29.27% to $309.3 million in 2023, then fell by 7.18% to $287.1 million in 2024, then grew by 17.35% to $336.9 million in 2025, then gained by 28.05% to $431.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $431.4 million, $336.9 million, and $447.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.37 Bn | 27.69 Bn | 2.03 Bn | 8.46 Bn |
| 2 | General Mills | 21.49 Bn | 21.03 Bn | 1.60 Bn | 3.70 Bn |
| 3 | Mccormick | 14.93 Bn | 14.60 Bn | 778.20 Mn | 441.80 Mn |
| 4 | Jbs | 14.80 Bn | 11.34 Bn | 4.91 Bn | 3.83 Bn |
| 5 | J M Smucker | 13.21 Bn | 13.15 Bn | 862.10 Mn | 362.30 Mn |
| 6 | Hormel Foods | 13.14 Bn | 12.28 Bn | 518.51 Mn | 318.62 Mn |
| 7 | Magnum Ice Cream | 12.22 Bn | 11.50 Bn | - | - |
| 8 | Darling Ingredients | 10.40 Bn | 10.24 Bn | 503.37 Mn | 1.52 Bn |
| 9 | Smithfield Foods | 8.75 Bn | 7.40 Bn | 478.00 Mn | 191.00 Mn |
| 10 | Herbalife | 1.32 Bn | 948.29 Mn | 1.03 Bn | 436.20 Mn |
Historic Data
Download 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 | 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 |