Lennar (LEN) Operating Expenses (2009 - 2026)

Lennar (LEN) reported Operating Expenses of $7.5 billion for Q2 2026, down 2.68% on a YoY basis from $7.7 billion in Q2 2025, and up 17.78% sequentially from $6.4 billion in Q1 2026.

Lennar (LEN) Operating Expenses (2009 - 2026) Analysis & Trends

Lennar (LEN) has 18 years of Operating Expenses data on file, last reported at $7.5 billion in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses fell 2.68% year-over-year to $7.5 billion; the trailing twelve-month figure through May 2026 stood at $30.8 billion (down 1.97% YoY), and the FY2025 full-year result was $31.5 billion, up 2.76% from the prior year.
  • Operating Expenses rose to $7.5 billion in Q2 2026, from $6.4 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 $7.4 billion in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses rose 24.73% in 2022 and slipped 7.68% in 2026, its largest moves.
  • Tracing LEN's Operating Expenses over 5 years: stood at $8.3 billion in 2022, then grew by 9.04% to $9.1 billion in 2023, then fell by 5.49% to $8.6 billion in 2024, then grew by 1.64% to $8.7 billion in 2025, then retreated by 13.55% to $7.5 billion in 2026.
  • Business Quant data shows LEN's Operating Expenses at $7.5 billion in Q2 2026, $6.4 billion in Q1 2026, and $8.7 billion in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Horton D R 40.90 Bn 39.56 Bn 2.15 Bn 991.20 Mn
2 Pultegroup 23.36 Bn 22.03 Bn 3.92 Bn 382.97 Mn
3 Lennar 19.77 Bn 19.63 Bn 7.69 Bn 7.54 Bn
4 Nvr 17.18 Bn 15.54 Bn 1.31 Bn 156.97 Mn
5 Toll Brothers 15.08 Bn 13.99 Bn 604.89 Mn 258.25 Mn
6 Taylor Morrison Home 6.96 Bn 6.31 Bn 290.64 Mn 148.85 Mn
7 Installed Building Products 5.97 Bn 5.50 Bn 212.30 Mn 154.70 Mn
8 Meritage Homes 4.78 Bn 4.01 Bn 68.61 Mn 130.87 Mn
9 Champion Homes 4.47 Bn 3.81 Bn 172.19 Mn 109.73 Mn
10 M 4.43 Bn 3.66 Bn 202.59 Mn 831.54 Mn

Historic Data

Download Data
DateValue
May 31, 2026 7.54 Bn
Feb 28, 2026 6.40 Bn
Nov 30, 2025 8.72 Bn
Aug 31, 2025 8.11 Bn
May 31, 2025 7.75 Bn
Feb 28, 2025 6.94 Bn
Nov 30, 2024 8.58 Bn
Aug 31, 2024 8.13 Bn
May 31, 2024 7.55 Bn
Feb 29, 2024 6.41 Bn
Nov 30, 2023 9.08 Bn
Aug 31, 2023 7.26 Bn
May 31, 2023 6.85 Bn
Feb 28, 2023 5.67 Bn
Nov 30, 2022 8.33 Bn
Aug 31, 2022 6.99 Bn
May 31, 2022 6.51 Bn
Feb 28, 2022 5.12 Bn
Nov 30, 2021 6.68 Bn
Aug 31, 2021 5.61 Bn