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Herbalife (HLF) Operating Expenses (2016 - 2026)

Herbalife's Operating Expenses history spans 17 years, with the latest figure at $336.9 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 17.35% to $336.9 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.7 billion, a 3.55% decrease, with the full-year FY2025 number at $1.7 billion, down 3.55% from a year prior.
  • Operating Expenses hit $336.9 million in Q4 2025 for Herbalife, down from $447.6 million in the prior quarter.
  • Over the last five years, Operating Expenses for HLF hit a ceiling of $513.2 million in Q4 2021 and a floor of $287.1 million in Q4 2024.
  • Historically, Operating Expenses has averaged $445.7 million across 5 years, with a median of $455.1 million in 2022.
  • Biggest five-year swings in Operating Expenses: fell 29.27% in 2023 and later increased 17.35% in 2025.
  • Tracing HLF's Operating Expenses over 5 years: stood at $513.2 million in 2021, then decreased by 14.79% to $437.3 million in 2022, then fell by 29.27% to $309.3 million in 2023, then decreased by 7.18% to $287.1 million in 2024, then rose by 17.35% to $336.9 million in 2025.
  • Business Quant data shows Operating Expenses for HLF at $336.9 million in Q4 2025, $447.6 million in Q3 2025, and $447.9 million in Q2 2025.