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

Icahn Enterprises (IEP) has disclosed Operating Expenses for 8 consecutive years, with $2.7 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses changed 0.41% year-over-year to $2.7 billion, compared with a TTM value of $10.0 billion through Dec 2025, down 5.52%, and an annual FY2025 reading of $10.0 billion, down 5.52% over the prior year.
  • Operating Expenses was $2.7 billion for Q4 2025 at Icahn Enterprises, up from $2.2 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $3.8 billion in Q2 2022 and bottomed at $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.
  • The sharpest move saw Operating Expenses grew 26.65% in 2022, then fell 21.44% in 2023.
  • Year by year, Operating Expenses stood at $3.3 billion in 2021, then increased by 11.74% to $3.7 billion in 2022, then dropped by 21.13% to $2.9 billion in 2023, then fell by 6.85% to $2.7 billion in 2024, then fell by 0.41% to $2.7 billion in 2025.
  • Business Quant data shows Operating Expenses for IEP at $2.7 billion in Q4 2025, $2.2 billion in Q3 2025, and $2.6 billion in Q2 2025.