Icon (ICLR) Operating Expenses (2009 - 2026)
Icon's Operating Expenses was $1.93 billion in the quarter ended Jun 30, 2026, up 6.5% from $1.81 billion a year earlier and up 3.5% from the prior quarter.
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Analysis
Icon (ICLR) Operating Expenses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Icon's Operating Expenses was $7.65 billion through Jun 30, 2026, up 8.1% year-over-year; for the year ended Dec 31, 2025, it was $7.81 billion, up 9.1% from the prior year.
- Operating Expenses has now increased for ten consecutive years, with a five-year compound annual growth rate of 26.5% (years ended Dec 2020 to Dec 2025).
- In earlier years, Operating Expenses was $7.16 billion in the year ended Dec 31, 2024 (+0.1%), $7.15 billion in the year ended Dec 31, 2023 (+2.9%), $6.95 billion in the year ended Dec 31, 2022 (+36.1%) and $5.1 billion in the year ended Dec 31, 2021 (+112.1%).
- Quarterly Operating Expenses has moved between $1.7 billion (the quarter ended Sep 30, 2022) and $1.96 billion (the quarter ended Sep 30, 2025) over five years.
- Compared with a year earlier, Operating Expenses has increased for four straight quarters, with growth averaging 2.6% over the last eight quarters.
- The best year-over-year quarter for Operating Expenses over five years was the quarter ended Sep 30, 2021 (growth of 213.7%); the worst was the quarter ended Sep 30, 2022 (a decline of 8.7%).
- Per Business Quant data, ICLR's Operating Expenses in the three quarters before the quarter ended Jun 30, 2026 was $1.86 billion (quarter ended Mar 31, 2026), $1.9 billion (quarter ended Dec 31, 2025) and $1.96 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Iqvia Holdings | 43.47 Bn | 35.18 Bn | 1.44 Bn | 637.00 Mn |
| 2 | Medpace Holdings | 17.38 Bn | 15.44 Bn | 201.64 Mn | 560.51 Mn |
| 3 | Charles River Laboratories International | 14.51 Bn | 13.70 Bn | 363.37 Mn | 228.90 Mn |
| 4 | Icon | 13.19 Bn | 10.30 Bn | 479.29 Mn | 1.93 Bn |
| 5 | Fortrea Holdings | 2.02 Bn | 1.39 Bn | 139.20 Mn | 663.40 Mn |
| 6 | Ginkgo Bioworks Holdings | 711.74 Mn | -50.34 Mn | 18.44 Mn | 78.70 Mn |
| 7 | Evotec SE | 504.32 Mn | -1.11 Bn | - | - |
| 8 | Champions Oncology | 66.57 Mn | 41.65 Mn | 7.70 Mn | 15.64 Mn |
| 9 | MindWalk Holdings | 64.47 Mn | 28.12 Mn | 1.61 Mn | 6.01 Mn |
| 10 | Natural Alternatives International | 6.84 Mn | -21.24 Mn | 1.73 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.93 Bn |
| Mar 31, 2026 | 1.86 Bn |
| Dec 31, 2025 | 2.26 Bn |
| Sep 30, 2025 | 1.96 Bn |
| Jun 30, 2025 | 1.81 Bn |
| Mar 31, 2025 | 1.79 Bn |
| Dec 31, 2024 | 1.72 Bn |
| Sep 30, 2024 | 1.74 Bn |
| Jun 30, 2024 | 1.89 Bn |
| Mar 31, 2024 | 1.80 Bn |
| Dec 31, 2023 | 1.79 Bn |
| Sep 30, 2023 | 1.79 Bn |
| Jun 30, 2023 | 1.81 Bn |
| Mar 31, 2023 | 1.76 Bn |
| Dec 31, 2022 | 1.76 Bn |
| Sep 30, 2022 | 1.70 Bn |
| Jun 30, 2022 | 1.76 Bn |
| Mar 31, 2022 | 1.73 Bn |
| Dec 31, 2021 | 1.74 Bn |
| Sep 30, 2021 | 1.86 Bn |
API Access
Icon Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=ICLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "ICLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=ICLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();