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
DateValue
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