Leidos Holdings (LDOS) Operating Expenses (2009 - 2026)
Leidos Holdings' (LDOS) quarterly Operating Expenses came in at $223.0 million in Q2 2026, down 3.04% YoY from $230.0 million in Q2 2025, and down 16.17% on a QoQ basis from $266.0 million in Q1 2026.
Leidos Holdings (LDOS) Operating Expenses (2009 - 2026) Analysis & Trends
Leidos Holdings (LDOS) has 18 years of Operating Expenses data on file, last reported at $223.0 million in Q2 2026.
- Quarterly Operating Expenses fell 3.04% year-over-year to $223.0 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $992.0 million (up 0.51% YoY) and the FY2026 annual result came in at $999.0 million, up 1.63% from the prior year.
- Operating Expenses fell to $223.0 million in Q2 2026, from $266.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $286.0 million in Q4 2025 to a low of $217.0 million in Q3 2025.
- A 5-year average of $241.1 million and a median of $233.0 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 48.43% — and 2023, when it declined 9.54%.
- Tracing LDOS's Operating Expenses over 5 years: stood at $221.0 million in 2022, then grew by 5.43% to $233.0 million in 2023, then climbed by 6.01% to $247.0 million in 2024, then gained by 15.79% to $286.0 million in 2025, then fell by 22.03% to $223.0 million in 2026.
- The last three Operating Expenses figures came in at $223.0 million (Q2 2026), $266.0 million (Q1 2026), and $286.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 7.29 Bn |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 15.54 Bn |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 528.00 Mn |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | 12.44 Mn |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | 812.00 Mn |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | 684.00 Mn |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | 1.67 Bn |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | 2.23 Bn |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | 310.00 Mn |
| 10 | Cdw | 16.95 Bn | 16.59 Bn | 1.32 Bn | 891.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 283.00 Mn |
| Apr 3, 2026 | 223.00 Mn |
| Jan 2, 2026 | 266.00 Mn |
| Oct 3, 2025 | 286.00 Mn |
| Jul 4, 2025 | 217.00 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 |