Lennar (LEN-B) Operating Expenses (2009 - 2026)

Lennar's Operating Expenses history runs 18 years deep, the most recent figure standing at $6.4 billion for Q1 2026.

• In Q1 2026, Operating Expenses fell 7.68% year-over-year to $6.4 billion; the TTM figure through Feb 2026 stood at $31.0 billion (down 0.67% YoY), while the FY2025 annual figure was $31.5 billion, up 2.76% from the prior year.
• Operating Expenses came in at $6.4 billion for Q1 2026 at Lennar, down from $8.7 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $9.1 billion in Q4 2023 to a low of $5.1 billion in Q1 2022.
• A 5-year average of $7.3 billion and a median of $7.3 billion in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses gained 24.73% in 2022 and dropped 7.68% in 2026, its largest moves.
• Lennar's Operating Expenses stood at $8.3 billion in 2022, then rose by 9.04% to $9.1 billion in 2023, then decreased by 5.49% to $8.6 billion in 2024, then rose by 1.64% to $8.7 billion in 2025, then fell by 26.6% to $6.4 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $6.4 billion, $8.7 billion, and $8.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

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