ArcelorMittal (MT) Operating Expenses (2009 - 2026)
ArcelorMittal's Operating Expenses was -$780 million in Q2 2026, compared with -$697 million a year earlier.
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Analysis
ArcelorMittal (MT) Operating Expenses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, ArcelorMittal's Operating Expenses was -$3.12 billion through Jun 30, 2026; for FY2025, it came in at -$339 million.
- In earlier years, Operating Expenses was -$154 million in FY2024, -$278 million in FY2023, -$317 million in FY2022 and -$265 million in FY2021.
- Quarterly Operating Expenses has moved between -$856 million (Q4 2025) and -$628 million (Q3 2022) over five years.
- Per Business Quant data, MT's Operating Expenses in the three quarters before Q2 2026 was -$749 million (Q1 2026), -$856 million (Q4 2025) and -$736 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 186.21 Bn | 152.34 Bn | - | - |
| 2 | Southern Copper | 170.20 Bn | 149.06 Bn | 2.90 Bn | 1.67 Bn |
| 3 | Newmont | 127.93 Bn | 96.10 Bn | 4.03 Bn | 3.02 Bn |
| 4 | Ternium | 111.02 Bn | 76.07 Bn | 941.02 Mn | -427.80 Mn |
| 5 | Freeport-Mcmoran | 103.81 Bn | 99.96 Bn | 2.19 Bn | 5.03 Bn |
| 6 | Agnico Eagle Mines | 97.22 Bn | 97.22 Bn | 2.43 Bn | 57.95 Mn |
| 7 | Barrick Mining | 71.84 Bn | 56.58 Bn | 2.90 Bn | 165.00 Mn |
| 8 | Nucor | 56.10 Bn | 46.64 Bn | 2.03 Bn | 405.00 Mn |
| 9 | ArcelorMittal | 53.80 Bn | 34.82 Bn | - | -780.00 Mn |
| 10 | AngloGold Ashanti | 50.01 Bn | 39.68 Bn | 1.70 Bn | -82.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -780.00 Mn |
| Mar 31, 2026 | -749.00 Mn |
| Dec 31, 2025 | -856.00 Mn |
| Sep 30, 2025 | -736.00 Mn |
| Jun 30, 2025 | -697.00 Mn |
| Mar 31, 2025 | -656.00 Mn |
| Dec 31, 2024 | -709.00 Mn |
| Sep 30, 2024 | -646.00 Mn |
| Jun 30, 2024 | -635.00 Mn |
| Mar 31, 2024 | -642.00 Mn |
| Dec 31, 2023 | -703.00 Mn |
| Sep 30, 2023 | -662.00 Mn |
| Jun 30, 2023 | -680.00 Mn |
| Mar 31, 2023 | -630.00 Mn |
| Dec 31, 2022 | -636.00 Mn |
| Sep 30, 2022 | -628.00 Mn |
| Jun 30, 2022 | -669.00 Mn |
| Mar 31, 2022 | -647.00 Mn |
| Dec 31, 2021 | -712.00 Mn |
| Sep 30, 2021 | -590.00 Mn |
API Access
ArcelorMittal Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();