Icahn Enterprises (IEP) Operating Expenses (2010 - 2026)

Icahn Enterprises has reported Operating Expenses for 10 years, with the latest figure at $2.8 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 11.78% year-over-year to $2.8 billion; the trailing twelve-month figure through Mar 2026 stood at $10.3 billion (down 3.0% YoY), and the FY2025 full-year result was $10.0 billion, down 5.52% from the prior year.
• Operating Expenses for Q1 2026 stood at $2.8 billion, up from $2.7 billion in the prior quarter.
• The five-year high for Operating Expenses was $3.8 billion in Q2 2022, with the low at $2.2 billion in Q3 2025.
• Historically, Operating Expenses has averaged $2.9 billion across 5 years, with a median of $2.8 billion in 2026.
• Annual changes were most pronounced in 2022 — Operating Expenses climbed 26.65% — and 2023, when it decreased 21.44%.
• Icahn Enterprises' Operating Expenses stood at $3.7 billion in 2022, then declined by 21.02% to $2.9 billion in 2023, then retreated by 6.98% to $2.7 billion in 2024, then retreated by 0.41% to $2.7 billion in 2025, then increased by 5.15% to $2.8 billion in 2026.
• The last three Operating Expenses figures came in at $2.8 billion (Q1 2026), $2.7 billion (Q4 2025), and $2.2 billion (Q3 2025), per Business Quant data.