Growth Metrics

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 🔒
DateValue
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