Lennar LEN
NYSE LEN
$77.91 -2.85 (-3.53%)
As of: Sep 10, 2026 · 3:59 PM EDT

Lennar (LEN) Operating Expenses (2009 - 2026)

Lennar's (LEN) quarterly Operating Expenses came in at $7.5 billion in Q2 2026, down 2.68% year-over-year from $7.7 billion in Q2 2025, and up 17.78% quarter-over-quarter from $6.4 billion in Q1 2026.

Analysis

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

Lennar has disclosed Operating Expenses across 18 years of filings, most recently posting $7.5 billion for Q2 2026.

  • In Q2 2026, Operating Expenses fell 2.68% year-over-year to $7.5 billion; the TTM figure through May 2026 stood at $30.8 billion (down 1.97% YoY), while the FY2025 annual figure was $31.5 billion, up 2.76% from the prior year.
  • Operating Expenses came in at $7.5 billion for Q2 2026 at Lennar, up 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.
  • Average Operating Expenses over 5 years is $7.3 billion, with a median of $7.4 billion recorded in 2023.
  • Year-over-year, Operating Expenses gained 24.73% in 2022 and dropped 7.68% in 2026.
  • Over 5 years, Operating Expenses stood at $8.3 billion in 2022, then increased by 9.04% to $9.1 billion in 2023, then retreated by 5.49% to $8.6 billion in 2024, then increased by 1.64% to $8.7 billion in 2025, then decreased by 13.55% to $7.5 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $7.5 billion in Q2 2026, $6.4 billion in Q1 2026, and $8.7 billion in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Horton D R 38.17 Bn 36.03 Bn 2.15 Bn 991.20 Mn
2 Pultegroup 21.99 Bn 20.62 Bn 1.06 Bn 382.97 Mn
3 Lennar 18.75 Bn 16.57 Bn 7.69 Bn 7.54 Bn
4 Nvr 16.44 Bn 15.35 Bn 485.14 Mn 150.72 Mn
5 Toll Brothers 12.40 Bn 11.34 Bn 625.22 Mn 266.07 Mn
6 Taylor Morrison Home 6.77 Bn 6.12 Bn 290.64 Mn 148.85 Mn
7 Meritage Homes 4.07 Bn 3.26 Bn 254.14 Mn 144.19 Mn
8 M 3.57 Bn 2.83 Bn 235.50 Mn 958.69 Mn
9 Kb Home 2.95 Bn 2.88 Bn 174.03 Mn 140.55 Mn
10 Green Brick Partners 2.91 Bn 2.78 Bn 157.52 Mn 54.40 Mn
Historic Data

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