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

Mercury Systems' (MRCY) quarterly Operating Expenses came in at $63.8 million in Q1 2026, down 14.28% year-on-year from $74.5 million in Q1 2025, and down 10.68% quarter-over-quarter from $71.5 million in Q4 2025.

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

Mercury Systems has disclosed Operating Expenses across 17 years of filings, most recently posting $63.8 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $63.8 million, down 14.28% year-over-year; the trailing twelve-month figure through Mar 2026 was $268.0 million (down 8.87% YoY), and the FY2025 annual result was $274.1 million, down 20.23% from the prior year.
  • Operating Expenses came in at $63.8 million for Q1 2026 at Mercury Systems, down 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.
  • The 5-year median for Operating Expenses is $81.2 million (2024), against an average of $79.1 million.
  • Across the five-year window, Operating Expenses increased 14.41% in 2022 and slipped 28.13% in 2024, its largest moves.
  • Mercury Systems' 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 fell by 10.68% to $63.8 million in 2026.
  • The last three Operating Expenses figures came in at $63.8 million (Q1 2026), $71.5 million (Q4 2025), and $71.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 DEFSEC Technologies 5,720.56 Bn 5,720.56 Bn 456,459.43 1.85 Mn
2 General Electric 359.38 Bn 348.64 Bn 9.11 Bn 10.18 Bn
3 Rtx 248.80 Bn 243.70 Bn 9.08 Bn 19.59 Bn
4 Boeing 180.64 Bn 159.74 Bn 2.55 Bn 2.10 Bn
5 Lockheed Martin 121.64 Bn 119.74 Bn 2.08 Bn -
6 Howmet Aerospace 108.46 Bn 106.03 Bn 854.00 Mn 120.00 Mn
7 General Dynamics 96.96 Bn 93.31 Bn 9.09 Bn 12.06 Bn
8 Embraer 95.73 Bn 93.11 Bn - -
9 Northrop Grumman 77.30 Bn 75.21 Bn 3.45 Bn 8.89 Bn
10 Mercury Systems 6.87 Bn 6.54 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