Leidos Holdings (LDOS) Operating Expenses (2009 - 2026)
Leidos Holdings' (LDOS) quarterly Operating Expenses came in at $310.0 million in Q3 2026, up 42.2% on a YoY basis from $218.0 million in Q3 2025, and up 39.01% quarter-over-quarter from $223.0 million in Q2 2026.
Analysis
Leidos Holdings (LDOS) Operating Expenses (2009 - 2026) Analysis & Trends
Leidos Holdings (LDOS) has reported Operating Expenses for 18 consecutive years, with $310.0 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Expenses rose 42.2% year-over-year to $310.0 million; the trailing twelve-month figure through Jul 2026 stood at $1.1 billion (up 11.4% YoY), and the FY2026 full-year result was $999.0 million, up 1.63% from the prior year.
- Operating Expenses rose to $310.0 million in Q3 2026 per LDOS's latest filing, from $223.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $310.0 million in Q3 2026 and bottomed at $218.0 million in Q3 2025.
- Historically, Operating Expenses has averaged $244.9 million across 5 years, with a median of $234.5 million in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 48.43% in 2022, then fell 9.54% in 2023.
- Over 5 years, Operating Expenses stood at $221.0 million in 2022, then rose by 5.43% to $233.0 million in 2023, then increased by 6.01% to $247.0 million in 2024, then climbed by 15.79% to $286.0 million in 2025, then climbed by 8.39% to $310.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $310.0 million, $223.0 million, and $266.0 million for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 120.87 Bn | 117.07 Bn | 2.45 Bn | - |
| 2 | General Dynamics | 95.39 Bn | 91.06 Bn | 6.76 Bn | 12.63 Bn |
| 3 | Motorola Solutions | 76.32 Bn | 75.61 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Northrop Grumman | 73.49 Bn | 71.18 Bn | 3.72 Bn | 9.78 Bn |
| 5 | L3Harris Technologies | 46.76 Bn | 45.24 Bn | 1.50 Bn | 848.00 Mn |
| 6 | Elbit Systems | 32.70 Bn | 31.74 Bn | 579.01 Mn | 360.21 Mn |
| 7 | Teledyne Technologies | 27.56 Bn | 27.22 Bn | 738.10 Mn | 1.33 Bn |
| 8 | Curtiss Wright | 20.85 Bn | 20.37 Bn | 364.09 Mn | 139.39 Mn |
| 9 | Leidos Holdings | 16.21 Bn | 15.46 Bn | 817.00 Mn | 310.00 Mn |
| 10 | Caci International | 13.42 Bn | 13.22 Bn | 913.55 Mn | 2.44 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 310.00 Mn |
| Apr 3, 2026 | 223.00 Mn |
| Jan 2, 2026 | 266.00 Mn |
| Oct 3, 2025 | 286.00 Mn |
| Jul 4, 2025 | 218.00 Mn |
| Apr 4, 2025 | 230.00 Mn |
| Jan 3, 2025 | 279.00 Mn |
| Sep 27, 2024 | 247.00 Mn |
| Jun 28, 2024 | 231.00 Mn |
| Mar 29, 2024 | 226.00 Mn |
| Dec 29, 2023 | 233.00 Mn |
| Sep 29, 2023 | 239.00 Mn |
| Jun 30, 2023 | 237.00 Mn |
| Mar 31, 2023 | 233.00 Mn |
| Dec 30, 2022 | 221.00 Mn |
| Sep 30, 2022 | 232.00 Mn |
| Jul 1, 2022 | 262.00 Mn |
| Apr 1, 2022 | 236.00 Mn |
| Dec 31, 2021 | 226.00 Mn |
| Oct 1, 2021 | 233.00 Mn |