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Icahn Enterprises (IEP) Operating Expenses (2019 - 2025)

Icahn Enterprises' Operating Expenses history spans 9 years, with the latest figure at $2.7 billion for Q4 2025.

  • For Q4 2025, Operating Expenses changed 0.41% year-over-year to $2.7 billion; the TTM value through Dec 2025 reached $10.0 billion, down 5.52%, while the annual FY2025 figure was $10.0 billion, 5.52% down from the prior year.
  • Operating Expenses reached $2.7 billion in Q4 2025 per IEP's latest filing, 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.
  • Average Operating Expenses over 5 years is $2.9 billion, with a median of $2.9 billion recorded in 2021.
  • Peak YoY movement for Operating Expenses: grew 26.65% in 2022, then fell 21.44% in 2023.
  • A 5-year view of Operating Expenses shows it 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.
  • Per Business Quant, the three most recent readings for IEP's Operating Expenses are $2.7 billion (Q4 2025), $2.2 billion (Q3 2025), and $2.6 billion (Q2 2025).