Eli Lilly (LLY) Operating Expenses (2009 - 2026)
Eli Lilly posted quarterly Operating Expenses of $6.7 billion for Q1 2026, up 28.38% year-on-year from $5.2 billion in Q1 2025, and down 4.19% on a QoQ basis from $7.0 billion in Q4 2025.
Eli Lilly (LLY) has 18 years of Operating Expenses data on file, last reported at $6.7 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 28.38% year-over-year to $6.7 billion; the trailing twelve-month figure through Mar 2026 stood at $26.4 billion (up 24.48% YoY), and the FY2025 full-year result was $24.9 billion, up 21.86% from the prior year.
- Operating Expenses for Q1 2026 stood at $6.7 billion, down from $7.0 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $7.0 billion in Q4 2025 and bottomed at $3.2 billion in Q1 2022.
- The 5-year median for Operating Expenses is $4.6 billion (2023), against an average of $4.9 billion.
- The widest annual swing landed in 2022, when Operating Expenses retreated 8.43%; it then surged 33.69% in 2025.
- A 5-year view of Operating Expenses shows it stood at $3.7 billion in 2022, then gained by 23.89% to $4.6 billion in 2023, then climbed by 27.13% to $5.8 billion in 2024, then grew by 21.15% to $7.0 billion in 2025, then slipped by 4.19% to $6.7 billion in 2026.
- The last three Operating Expenses figures came in at $6.7 billion (Q1 2026), $7.0 billion (Q4 2025), and $6.6 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Novartis Ag | 107,124,802.25 Bn | 107,124,802.25 Bn | - | - |
| 2 | Eli Lilly | 969.00 Bn | 963.72 Bn | 16.22 Bn | 6.72 Bn |
| 3 | Johnson & Johnson | 539.46 Bn | 517.41 Bn | 15.96 Bn | 9.59 Bn |
| 4 | AbbVie | 376.92 Bn | 367.57 Bn | 10.78 Bn | 11.01 Bn |
| 5 | Merck | 285.00 Bn | 279.35 Bn | 12.09 Bn | 19.82 Bn |
| 6 | Amgen | 177.58 Bn | 165.55 Bn | 5.87 Bn | 5.95 Bn |
| 7 | Gilead Sciences | 163.22 Bn | 155.50 Bn | 5.52 Bn | 4.37 Bn |
| 8 | Pfizer | 145.86 Bn | 133.09 Bn | -1.21 Bn | 5.50 Bn |
| 9 | Bristol Myers Squibb | 111.90 Bn | 101.44 Bn | 8.07 Bn | 8.25 Bn |
| 10 | Gsk | 88.34 Bn | 83.66 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.72 Bn |
| Dec 31, 2025 | 7.02 Bn |
| Sep 30, 2025 | 6.57 Bn |
| Jun 30, 2025 | 6.09 Bn |
| Mar 31, 2025 | 5.24 Bn |
| Dec 31, 2024 | 5.79 Bn |
| Sep 30, 2024 | 4.92 Bn |
| Jun 30, 2024 | 5.26 Bn |
| Mar 31, 2024 | 4.48 Bn |
| Dec 31, 2023 | 4.56 Bn |
| Sep 30, 2023 | 4.21 Bn |
| Jun 30, 2023 | 4.28 Bn |
| Mar 31, 2023 | 3.73 Bn |
| Dec 31, 2022 | 3.68 Bn |
| Sep 30, 2022 | 3.62 Bn |
| Jun 30, 2022 | 3.41 Bn |
| Mar 31, 2022 | 3.17 Bn |
| Dec 31, 2021 | 3.59 Bn |
| Sep 30, 2021 | 3.28 Bn |
| Jun 30, 2021 | 3.34 Bn |
| Mar 31, 2021 | 3.46 Bn |
| Dec 31, 2020 | 3.25 Bn |
| Sep 30, 2020 | 3.14 Bn |
| Jun 30, 2020 | 2.84 Bn |
| Mar 31, 2020 | 3.00 Bn |
| Dec 31, 2019 | 3.28 Bn |
| Sep 30, 2019 | 2.79 Bn |
| Jun 30, 2019 | 2.99 Bn |
| Mar 31, 2019 | 2.75 Bn |
| Dec 31, 2018 | 3.09 Bn |
| Sep 30, 2018 | 2.74 Bn |
| Jun 30, 2018 | 2.76 Bn |
| Mar 31, 2018 | 2.45 Bn |
| Dec 31, 2017 | 3.29 Bn |
| Sep 30, 2017 | 2.92 Bn |
| Jun 30, 2017 | 3.00 Bn |
| Mar 31, 2017 | 2.83 Bn |
| Dec 31, 2016 | 3.24 Bn |
| Sep 30, 2016 | 2.80 Bn |
| Jun 30, 2016 | 2.96 Bn |
| Mar 31, 2016 | 2.69 Bn |
| Dec 31, 2015 | 3.24 Bn |
| Sep 30, 2015 | 2.72 Bn |
| Jun 30, 2015 | 2.80 Bn |
| Mar 31, 2015 | 2.56 Bn |
| Dec 31, 2014 | 2.99 Bn |
| Sep 30, 2014 | 2.92 Bn |
| Jun 30, 2014 | 2.86 Bn |
| Mar 31, 2014 | 2.59 Bn |
| Dec 31, 2013 | 3.43 Bn |
| Sep 30, 2013 | 3.03 Bn |
| Jun 30, 2013 | 3.20 Bn |
| Mar 31, 2013 | 3.00 Bn |
| Dec 31, 2012 | 3.44 Bn |
| Sep 30, 2012 | 3.10 Bn |
| Jun 30, 2012 | 3.25 Bn |
| Mar 31, 2012 | 3.00 Bn |
| Dec 31, 2011 | 3.66 Bn |
| Sep 30, 2011 | 3.22 Bn |
| Jun 30, 2011 | 3.44 Bn |
| Mar 31, 2011 | 2.99 Bn |
| Dec 31, 2010 | 3.51 Bn |
| Sep 30, 2010 | 2.97 Bn |
| Jun 30, 2010 | 2.97 Bn |
| Mar 31, 2010 | 2.68 Bn |
| Dec 31, 2009 | 3.21 Bn |
| Sep 30, 2009 | 3.37 Bn |
| Jun 30, 2009 | 2.85 Bn |
| Mar 31, 2009 | 2.48 Bn |