Eli Lilly (LLY) Operating Expenses (2009 - 2026)
Eli Lilly (LLY) reported Operating Expenses of $6.7 billion for Q1 2026, up 28.38% on a YoY basis from $5.2 billion in Q1 2025, and down 4.19% quarter-over-quarter from $7.0 billion in Q4 2025.
Eli Lilly (LLY) Operating Expenses (2009 - 2026) Analysis & Trends
Eli Lilly has reported Operating Expenses for 18 years, with the latest figure 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.
- The five-year high for Operating Expenses was $7.0 billion in Q4 2025, with the low at $3.2 billion in Q1 2022.
- Historically, Operating Expenses has averaged $4.9 billion across 5 years, with a median of $4.6 billion in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses retreated 8.43% — and 2025, when it surged 33.69%.
- Eli Lilly's Operating Expenses stood at $3.7 billion in 2022, then rose by 23.89% to $4.6 billion in 2023, then advanced by 27.13% to $5.8 billion in 2024, then climbed by 21.15% to $7.0 billion in 2025, then decreased 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 | Gsk | 92,316,836.42 Bn | 92,316,831.46 Bn | 7.76 Bn | -5.14 Bn |
| 2 | Eli Lilly | 983.57 Bn | 978.29 Bn | 16.22 Bn | 6.72 Bn |
| 3 | Johnson & Johnson | 553.56 Bn | 531.50 Bn | 15.96 Bn | 9.59 Bn |
| 4 | AbbVie | 383.35 Bn | 374.00 Bn | 10.78 Bn | 11.01 Bn |
| 5 | Merck | 281.71 Bn | 276.06 Bn | 12.09 Bn | 19.82 Bn |
| 6 | Amgen | 182.20 Bn | 170.16 Bn | 5.87 Bn | 5.95 Bn |
| 7 | Gilead Sciences | 153.71 Bn | 145.98 Bn | 5.52 Bn | 4.37 Bn |
| 8 | Pfizer | 143.75 Bn | 130.98 Bn | -1.21 Bn | 5.50 Bn |
| 9 | Bristol Myers Squibb | 109.71 Bn | 99.25 Bn | 8.07 Bn | 8.25 Bn |
| 10 | Novartis Ag | 108.28 Bn | 107.60 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 |