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| Date | Value |
|---|---|
| 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 |