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Eli Lilly (LLY) Operating Expenses (2016 - 2025)

Eli Lilly (LLY) has disclosed Operating Expenses for 17 consecutive years, with $7.0 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 21.15% year-over-year to $7.0 billion, compared with a TTM value of $24.9 billion through Dec 2025, up 21.86%, and an annual FY2025 reading of $24.9 billion, up 21.86% over the prior year.
  • Operating Expenses was $7.0 billion for Q4 2025 at Eli Lilly, up from $6.6 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.
  • Average Operating Expenses over 5 years is $4.5 billion, with a median of $4.2 billion recorded in 2023.
  • The sharpest move saw Operating Expenses decreased 8.43% in 2022, then skyrocketed 33.69% in 2025.
  • Year by year, Operating Expenses stood at $3.6 billion in 2021, then rose by 3.27% to $3.7 billion in 2022, then increased by 23.89% to $4.6 billion in 2023, then grew by 27.13% to $5.8 billion in 2024, then increased by 21.15% to $7.0 billion in 2025.
  • Business Quant data shows Operating Expenses for LLY at $7.0 billion in Q4 2025, $6.6 billion in Q3 2025, and $6.1 billion in Q2 2025.