Eli Lilly (LLY) Operating Expenses (2009 - 2026)
Eli Lilly (LLY) posted Operating Expenses of $6.7 billion for Q1 2026, down 4.19% quarter-over-quarter from $7.0 billion in Q4 2025, and up 28.38% year-on-year from $5.2 billion in Q1 2025.
Eli Lilly (LLY) Operating Expenses (2009 - 2026) Analysis & Trends
Eli Lilly (LLY) has reported Operating Expenses for 18 consecutive years, with $6.7 billion the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $6.7 billion, up 28.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $26.4 billion (up 24.48% YoY), and the FY2025 annual result was $24.9 billion, up 21.86% from the prior year.
- Operating Expenses was $6.7 billion for Q1 2026 at Eli Lilly, down from $7.0 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $7.0 billion in Q4 2025 and troughed at $3.2 billion in Q1 2022.
- Average Operating Expenses over 5 years is $4.9 billion, with a median of $4.6 billion recorded in 2023.
- Year-over-year, Operating Expenses slipped 8.43% in 2022 and jumped 33.69% in 2025.
- Over 5 years, Operating Expenses stood at $3.7 billion in 2022, then climbed by 23.89% to $4.6 billion in 2023, then increased by 27.13% to $5.8 billion in 2024, then rose by 21.15% to $7.0 billion in 2025, then declined by 4.19% to $6.7 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $6.7 billion in Q1 2026, $7.0 billion in Q4 2025, and $6.6 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,066.16 Bn | 1,060.88 Bn | 16.22 Bn | 6.72 Bn |
| 2 | Johnson & Johnson | 611.69 Bn | 589.64 Bn | 15.96 Bn | 9.59 Bn |
| 3 | AbbVie | 444.34 Bn | 434.99 Bn | 10.78 Bn | 11.01 Bn |
| 4 | Astrazeneca | 284.94 Bn | 277.05 Bn | 12.61 Bn | -8.41 Bn |
| 5 | Merck | 224.23 Bn | 218.58 Bn | 12.09 Bn | 19.82 Bn |
| 6 | Amgen | 195.12 Bn | 183.08 Bn | 5.87 Bn | 5.95 Bn |
| 7 | Gilead Sciences | 156.45 Bn | 148.73 Bn | 5.52 Bn | 4.37 Bn |
| 8 | Pfizer | 136.01 Bn | 123.24 Bn | -1.21 Bn | 5.50 Bn |
| 9 | Novartis Ag | 113.45 Bn | 113.67 Bn | - | - |
| 10 | Biogen | 30.87 Bn | 26.59 Bn | 1.82 Bn | 2.10 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 |