Haleon (HLN) Operating Expenses (2021 - 2025)

Haleon's (HLN) quarterly Operating Expenses came in at -$3.1 billion in Q4 2025, up 29.07% on a QoQ basis from -$4.4 billion in Q4 2023.

Haleon (HLN) Operating Expenses (2021 - 2025) Analysis & Trends

Haleon (HLN) has 4 years of Operating Expenses data on file, last reported at -$3.1 billion in Q4 2025.

Quarterly Operating Expenses changed N/A year-over-year to -$3.1 billion in Q4 2025, while the trailing twelve-month figure through Jun 2026 was -$3.1 billion (changed N/A YoY) and the FY2025 annual result came in at $6.2 billion, down 4.96% from the prior year.
Operating Expenses grew to -$3.1 billion in Q4 2025, from -$4.4 billion in the prior quarter.
In the past five years, Operating Expenses ranged from a high of -$1.5 billion in Q2 2023 to a low of -$4.4 billion in Q4 2023.
A 4-year average of -$2.9 billion and a median of -$2.9 billion in 2022 frame the typical range for Operating Expenses.
Annual changes were most pronounced in 2022 — Operating Expenses soared 36.33% — and 2023, when it plunged 61.95%.
Tracing HLN's Operating Expenses over 4 years: stood at -$4.3 billion in 2021, then soared by 36.33% to -$2.7 billion in 2022, then sank by 61.95% to -$4.4 billion in 2023, then grew by 29.07% to -$3.1 billion in 2025.
The last three Operating Expenses figures came in at -$3.1 billion (Q4 2025), -$4.4 billion (Q4 2023), and -$1.5 billion (Q2 2023), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Opex (Qtr)
1	Haleon	43.76 Bn	42.79 Bn	-	-
2	Teva Pharmaceutical Industries	43.38 Bn	39.73 Bn	2.15 Bn	1.29 Bn
3	Zoetis	31.61 Bn	29.93 Bn	1.05 Bn	215.00 Mn
4	Takeda Pharmaceutical	28.64 Bn	22.84 Bn	5.10 Bn	-2.85 Bn
5	United Therapeutics	22.20 Bn	19.54 Bn	683.80 Mn	452.50 Mn
6	Viatris	18.82 Bn	17.93 Bn	1.46 Bn	1.45 Bn
7	Neurocrine Biosciences	15.67 Bn	15.28 Bn	935.80 Mn	807.50 Mn
8	Elanco Animal Health	12.11 Bn	11.58 Bn	798.00 Mn	550.00 Mn
9	Dr Reddys Laboratories	10.10 Bn	9.94 Bn	-	-
10	Alkermes	8.21 Bn	7.55 Bn	397.90 Mn	477.66 Mn

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