Icon (ICLR) Operating Expenses (2009 - 2025)
Icon (ICLR) reported Operating Expenses of $2.3 billion for Q4 2025, up 29.72% year-over-year from $1.7 billion in Q4 2024, and up 15.65% quarter-over-quarter from $2.0 billion in Q3 2025.
Icon (ICLR) Operating Expenses (2009 - 2025) Analysis & Trends
Icon (ICLR) has 17 years of Operating Expenses data on file, last reported at $2.3 billion in Q4 2025.
- Operating Expenses for Q4 2025 came in at $2.3 billion, up 29.72% year-over-year; the trailing twelve-month figure through Dec 2025 was $7.8 billion (up 8.76% YoY), and the FY2025 annual result was $7.8 billion, up 9.11% from the prior year.
- Operating Expenses advanced to $2.3 billion in Q4 2025 per ICLR's latest filing, from $2.0 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $2.3 billion in Q4 2025 and troughed at $742.2 million in Q1 2021.
- A 5-year average of $1.7 billion and a median of $1.8 billion in 2022 frame the typical range for Operating Expenses.
- On a YoY basis, Operating Expenses climbed as much as 213.7% in 2021 and fell as far as 54.41% in 2021.
- A 5-year view of Operating Expenses shows it stood at $1.7 billion in 2021, then rose by 1.04% to $1.8 billion in 2022, then climbed by 2.39% to $1.8 billion in 2023, then dropped by 3.14% to $1.7 billion in 2024, then climbed by 29.72% to $2.3 billion in 2025.
- Business Quant data shows ICLR's Operating Expenses at $2.3 billion in Q4 2025, $2.0 billion in Q3 2025, and $1.8 billion in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 1.31 Bn |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 9.14 Bn |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 2.25 Bn |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 360.15 Mn |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 1.44 Bn |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 553.00 Mn |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 790.16 Mn |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 512.00 Mn |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 316.87 Mn |
| 10 | Icon | 11.97 Bn | 11.32 Bn | 500.89 Mn | 2.26 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.26 Bn |
| Sep 30, 2025 | 1.96 Bn |
| Jun 30, 2025 | 1.81 Bn |
| Mar 31, 2025 | 1.78 Bn |
| Dec 31, 2024 | 1.74 Bn |
| Sep 30, 2024 | 1.74 Bn |
| Jun 30, 2024 | 1.89 Bn |
| Mar 31, 2024 | 1.68 Bn |
| Dec 31, 2023 | 1.80 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 |
| Jun 30, 2021 | 758.28 Mn |
| Mar 31, 2021 | 742.18 Mn |