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Icahn Enterprises (IEP) Operating Expenses (2019 - 2026)

Icahn Enterprises filings provide 9 years of Operating Expenses readings, the most recent being $2.7 billion for Q4 2025.

  • On a quarterly basis, Operating Expenses changed 0.41% to $2.7 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $10.0 billion, a 5.52% decrease, with the full-year FY2025 number at $10.0 billion, down 5.52% from a year prior.
  • Operating Expenses hit $2.7 billion in Q4 2025 for Icahn Enterprises, up from $2.2 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $3.8 billion in Q2 2022 to a low of $2.2 billion in Q3 2025.
  • Median Operating Expenses over the past 5 years was $2.9 billion (2021), compared with a mean of $2.9 billion.
  • Biggest five-year swings in Operating Expenses: increased 26.65% in 2022 and later dropped 21.44% in 2023.
  • Icahn Enterprises' Operating Expenses stood at $3.3 billion in 2021, then grew by 11.81% to $3.7 billion in 2022, then dropped by 21.02% to $2.9 billion in 2023, then fell by 6.98% to $2.7 billion in 2024, then fell by 0.41% to $2.7 billion in 2025.
  • The last three reported values for Operating Expenses were $2.7 billion (Q4 2025), $2.2 billion (Q3 2025), and $2.6 billion (Q2 2025) per Business Quant data.