Lennar (LEN) Operating Expenses (2009 - 2026)

Lennar has disclosed Operating Expenses across 18 years of filings, most recently posting $6.4 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $6.4 billion, down 7.68% year-over-year; the trailing twelve-month figure through Feb 2026 was $31.0 billion (down 0.67% YoY), and the FY2025 annual result 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.
• The 5-year median for Operating Expenses is $7.3 billion (2023), against an average of $7.3 billion.
• Across the five-year window, Operating Expenses rose 24.73% in 2022 and slipped 7.68% in 2026, its largest moves.
• Lennar's 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 declined by 26.6% to $6.4 billion in 2026.
• The last three Operating Expenses figures came in at $6.4 billion (Q1 2026), $8.7 billion (Q4 2025), and $8.1 billion (Q3 2025), per Business Quant data.