Illumina (ILMN) Operating Expenses (2009 - 2026)

Illumina (ILMN) reported Operating Expenses of $512.0 million for Q1 2026, down 1.35% on a YoY basis from $519.0 million in Q1 2025, and down 8.24% quarter-over-quarter from $558.0 million in Q4 2025.

Illumina (ILMN) Operating Expenses (2009 - 2026) Analysis & Trends

Illumina has reported Operating Expenses for 18 years, with the latest figure at $512.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 1.35% year-over-year to $512.0 million; the trailing twelve-month figure through Mar 2026 stood at $2.1 billion (down 40.1% YoY), and the FY2025 full-year result was $2.1 billion, down 44.15% from the prior year.
  • Operating Expenses for Q1 2026 stood at $512.0 million, down from $558.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $4.6 billion in Q1 2023, with the low at $4.0 million in Q3 2024.
  • Historically, Operating Expenses has averaged $1.2 billion across 5 years, with a median of $719.0 million in 2023.
  • Annual changes were most pronounced in 2024 — Operating Expenses slumped 99.72% — and 2025, when it jumped 12550.0%.
  • Illumina's Operating Expenses stood at $4.4 billion in 2022, then sank by 80.84% to $838.0 million in 2023, then tumbled by 34.01% to $553.0 million in 2024, then increased by 0.9% to $558.0 million in 2025, then retreated by 8.24% to $512.0 million in 2026.
  • The last three Operating Expenses figures came in at $512.0 million (Q1 2026), $558.0 million (Q4 2025), and $506.0 million (Q3 2025), per Business Quant data.

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 Quest Diagnostics 21.68 Bn 21.59 Bn 942.00 Mn 2.50 Bn

Historic Data

Download Data
DateValue
Mar 29, 2026 512.00 Mn
Dec 28, 2025 558.00 Mn
Sep 28, 2025 506.00 Mn
Jun 29, 2025 481.00 Mn
Mar 30, 2025 519.00 Mn
Dec 29, 2024 553.00 Mn
Sep 29, 2024 4.00 Mn
Jun 30, 2024 2.36 Bn
Mar 31, 2024 778.00 Mn
Dec 31, 2023 838.00 Mn
Oct 1, 2023 1.44 Bn
Jul 2, 2023 820.00 Mn
Apr 2, 2023 719.00 Mn
Jan 1, 2023 4.65 Bn
Oct 2, 2022 4.37 Bn
Jul 3, 2022 1.35 Bn
Apr 3, 2022 631.00 Mn
Oct 3, 2021 1.32 Bn
Jul 4, 2021 615.00 Mn
Apr 4, 2021 571.00 Mn