ArcelorMittal (MT) Operating Expenses (2009 - 2026)
ArcelorMittal (MT) posted quarterly Operating Expenses of -$780.0 million for Q2 2026, down 11.91% year-over-year from -$885.4 million in Q2 2025, and down 4.14% on a QoQ basis from -$749.0 million in Q1 2026.
ArcelorMittal (MT) Operating Expenses (2009 - 2026) Analysis & Trends
ArcelorMittal has reported Operating Expenses for 18 years, with the latest figure at -$780.0 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at -$780.0 million, down 11.91% year-over-year; the trailing twelve-month figure through Jun 2026 was -$3.1 billion (down 15.25% YoY), and the FY2025 annual result was -$339.0 million, down 120.13% from the prior year.
- Operating Expenses fell to -$780.0 million in Q2 2026, from -$749.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$628.0 million in Q3 2022 and troughed at -$856.0 million in Q4 2025.
- A 5-year average of -$686.7 million and a median of -$665.5 million in 2022 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses soared 65.32%; it then dropped 20.73% in 2025.
- A 5-year view of Operating Expenses shows it stood at -$636.0 million in 2022, then retreated by 10.53% to -$703.0 million in 2023, then slipped by 0.85% to -$709.0 million in 2024, then slipped by 20.73% to -$856.0 million in 2025, then increased by 8.88% to -$780.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$780.0 million in Q2 2026, -$749.0 million in Q1 2026, and -$856.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | -427.76 Mn |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 405.00 Mn |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | -780.00 Mn |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 193.45 Mn |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 4.19 Bn |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | 5.28 Bn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | -64.82 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | -65.40 Mn |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | 81.10 Mn |
Historic Data
Download 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 | -1.81 Bn |