Mercury Systems (MRCY) Operating Expenses (2010 - 2026)
Mercury Systems' (MRCY) quarterly Operating Expenses came in at $74.1 million in Q3 2026, up 21.07% year-over-year from $61.2 million in Q3 2025, and up 16.14% quarter-over-quarter from $63.8 million in Q1 2026.
Analysis
Mercury Systems (MRCY) Operating Expenses (2010 - 2026) Analysis & Trends
Mercury Systems has disclosed Operating Expenses across 17 years of filings, most recently posting $74.1 million for Q3 2026.
- In Q3 2026, Operating Expenses rose 21.07% year-over-year to $74.1 million; the TTM figure through Jul 2026 stood at $280.9 million (up 2.47% YoY), while the FY2026 annual figure was $280.9 million, up 2.47% from the prior year.
- Operating Expenses came in at $74.1 million for Q3 2026 at Mercury Systems, up from $63.8 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.
- Average Operating Expenses over 5 years is $78.8 million, with a median of $78.7 million recorded in 2023.
- Year-over-year, Operating Expenses dropped 28.13% in 2024 and grew 21.07% in 2026.
- Over 5 years, Operating Expenses stood at $88.5 million in 2022, then retreated by 3.46% to $85.4 million in 2023, then dropped by 14.29% to $73.2 million in 2024, then declined by 2.44% to $71.5 million in 2025, then grew by 3.73% to $74.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $74.1 million in Q3 2026, $63.8 million in Q1 2026, and $71.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 120.87 Bn | 117.07 Bn | 2.45 Bn | - |
| 2 | General Dynamics | 95.39 Bn | 91.06 Bn | 6.76 Bn | 12.63 Bn |
| 3 | Motorola Solutions | 76.32 Bn | 75.61 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Northrop Grumman | 73.49 Bn | 71.18 Bn | 3.72 Bn | 9.78 Bn |
| 5 | L3Harris Technologies | 46.76 Bn | 45.24 Bn | 1.50 Bn | 848.00 Mn |
| 6 | Elbit Systems | 32.70 Bn | 31.74 Bn | 579.01 Mn | 360.21 Mn |
| 7 | Teledyne Technologies | 27.56 Bn | 27.22 Bn | 738.10 Mn | 1.33 Bn |
| 8 | Curtiss Wright | 20.85 Bn | 20.37 Bn | 364.09 Mn | 139.39 Mn |
| 9 | Leidos Holdings | 16.21 Bn | 15.46 Bn | 817.00 Mn | 310.00 Mn |
| 10 | Mercury Systems | 4.81 Bn | 4.59 Bn | 88.58 Mn | 74.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 74.12 Mn |
| 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 |