Illumina (ILMN) Operating Leases (2019 - 2026)
Illumina (ILMN) recorded Operating Leases of $454 million in Q2 2026, down 14.0% from $528 million a year earlier and down 4.4% from the prior quarter.
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Analysis
Illumina (ILMN) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Illumina reported Operating Leases of $486 million, down 12.3% from FY2024.
- Annual Operating Leases has declined for three straight years, with a four-year compound annual growth rate of -7.7% (FY2021 to FY2025).
- Across earlier years, Operating Leases came in at $554 million in FY2024 (-19.4%), $687 million in FY2023 (-7.7%), $744 million in FY2022 and $671 million in FY2021.
- The Q2 2026 figure is the lowest quarterly Operating Leases in data going back to Q1 2019.
- On a year-over-year basis, Operating Leases has declined for 11 consecutive quarters, with an average decline of 15.6% over the last eight quarters.
- Over the past five years, the year-over-year decline in Operating Leases ranged from 6.3% (Q1 2024) to 23.0% (Q1 2025).
- Per Business Quant, the preceding three quarters came in at $475 million (Q1 2026), $486 million (Q4 2025) and $506 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn |
| 10 | Illumina | 42.00 Bn | 36.77 Bn | 770.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 454.00 Mn |
| Mar 29, 2026 | 475.00 Mn |
| Dec 28, 2025 | 486.00 Mn |
| Sep 28, 2025 | 506.00 Mn |
| Jun 29, 2025 | 528.00 Mn |
| Mar 30, 2025 | 539.00 Mn |
| Dec 29, 2024 | 554.00 Mn |
| Sep 29, 2024 | 613.00 Mn |
| Jun 30, 2024 | 616.00 Mn |
| Mar 31, 2024 | 700.00 Mn |
| Dec 31, 2023 | 687.00 Mn |
| Oct 1, 2023 | 698.00 Mn |
| Jul 2, 2023 | 726.00 Mn |
| Apr 2, 2023 | 747.00 Mn |
| Jan 1, 2023 | 744.00 Mn |
| Oct 2, 2022 | 748.00 Mn |
| Jul 3, 2022 | 775.00 Mn |
| Apr 3, 2022 | 803.00 Mn |
| Jan 2, 2022 | 774.00 Mn |
| Oct 3, 2021 | 784.00 Mn |
API Access
Illumina Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=ILMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "ILMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=ILMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();