Mercury Systems (MRCY) Operating Expenses (2010 - 2026)

Mercury Systems (MRCY) reported Operating Expenses of $63.8 million for Q1 2026, down 14.28% on a YoY basis from $74.5 million in Q1 2025, and down 10.68% sequentially from $71.5 million in Q4 2025.

Mercury Systems (MRCY) Operating Expenses (2010 - 2026) Analysis & Trends

Mercury Systems (MRCY) has 17 years of Operating Expenses data on file, last reported at $63.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 14.28% year-over-year to $63.8 million; the trailing twelve-month figure through Mar 2026 stood at $268.0 million (down 8.87% YoY), and the FY2025 full-year result was $274.1 million, down 20.23% from the prior year.
  • Operating Expenses declined to $63.8 million in Q1 2026, from $71.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $92.0 million in Q3 2022 to a low of $61.2 million in Q2 2025.
  • A 5-year average of $79.1 million and a median of $81.2 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses increased 14.41% in 2022 and slipped 28.13% in 2024, its largest moves.
  • Tracing MRCY's Operating Expenses over 5 years: stood at $88.5 million in 2022, then fell by 3.46% to $85.4 million in 2023, then slipped by 14.29% to $73.2 million in 2024, then dropped by 2.44% to $71.5 million in 2025, then declined by 10.68% to $63.8 million in 2026.
  • Business Quant data shows MRCY's Operating Expenses at $63.8 million in Q1 2026, $71.5 million in Q4 2025, and $71.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 General Electric 369.74 Bn 360.40 Bn -3.10 Bn 10.86 Bn
2 Rtx 286.79 Bn 278.48 Bn 9.91 Bn 21.96 Bn
3 Boeing 168.91 Bn 148.89 Bn 2.41 Bn 2.35 Bn
4 Lockheed Martin 132.03 Bn 128.24 Bn 2.45 Bn -
5 Howmet Aerospace 111.81 Bn 109.37 Bn 854.00 Mn 27.00 Mn
6 General Dynamics 101.89 Bn 97.56 Bn 6.76 Bn 12.63 Bn
7 Northrop Grumman 75.58 Bn 73.27 Bn 3.72 Bn 9.78 Bn
8 TransDigm 72.49 Bn 68.61 Bn 1.51 Bn 273.00 Mn
9 L3Harris Technologies 50.52 Bn 49.93 Bn 1.40 Bn 750.00 Mn
10 Mercury Systems 5.65 Bn 5.32 Bn 69.05 Mn 63.82 Mn

Historic Data

Download Data
DateValue
Mar 27, 2026 63.82 Mn
Dec 26, 2025 71.45 Mn
Sep 26, 2025 71.50 Mn
Jun 27, 2025 61.22 Mn
Mar 28, 2025 74.45 Mn
Dec 27, 2024 73.24 Mn
Sep 27, 2024 65.21 Mn
Jun 28, 2024 81.18 Mn
Mar 29, 2024 86.30 Mn
Dec 29, 2023 85.45 Mn
Sep 29, 2023 90.73 Mn
Jun 30, 2023 76.28 Mn
Mar 31, 2023 88.34 Mn
Dec 30, 2022 88.51 Mn
Sep 30, 2022 85.29 Mn
Jul 1, 2022 91.95 Mn
Apr 1, 2022 89.80 Mn
Dec 31, 2021 87.61 Mn
Oct 1, 2021 93.98 Mn
Jul 2, 2021 80.37 Mn