Northrop Grumman (NOC) Operating Expenses (2009 - 2026)
Northrop Grumman's quarterly Operating Expenses came in at $8.9 billion in Q1 2026, little changed year-on-year from $8.9 billion in Q1 2025, and down 14.84% quarter-over-quarter from $10.4 billion in Q4 2025.
Northrop Grumman has reported Operating Expenses for 18 years, with the latest figure at $8.9 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses changed 0.03% year-over-year to $8.9 billion; the trailing twelve-month figure through Mar 2026 stood at $37.7 billion (up 3.22% YoY), and the FY2025 full-year result was $37.7 billion, up 2.76% from the prior year.
- Operating Expenses for Q1 2026 stood at $8.9 billion, down from $10.4 billion in the prior quarter.
- The five-year high for Operating Expenses was $11.0 billion in Q4 2023, with the low at $7.8 billion in Q2 2022.
- Average Operating Expenses over 5 years is $9.0 billion, with a median of $8.9 billion recorded in 2025.
- Year-over-year, Operating Expenses advanced 20.86% in 2023 and decreased 13.0% in 2024.
- Tracing NOC's Operating Expenses over 5 years: stood at $9.1 billion in 2022, then increased by 20.86% to $11.0 billion in 2023, then declined by 13.0% to $9.6 billion in 2024, then gained by 8.79% to $10.4 billion in 2025, then fell by 14.84% to $8.9 billion in 2026.
- The last three Operating Expenses figures came in at $8.9 billion (Q1 2026), $10.4 billion (Q4 2025), and $9.2 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 338.65 Bn | 327.91 Bn | 9.11 Bn | 10.18 Bn |
| 2 | Rtx | 242.18 Bn | 237.08 Bn | 9.08 Bn | 19.59 Bn |
| 3 | Boeing | 182.15 Bn | 161.24 Bn | 2.55 Bn | 2.10 Bn |
| 4 | Lockheed Martin | 121.95 Bn | 120.06 Bn | 2.08 Bn | - |
| 5 | Howmet Aerospace | 103.56 Bn | 101.12 Bn | 854.00 Mn | 120.00 Mn |
| 6 | General Dynamics | 93.70 Bn | 90.05 Bn | 9.09 Bn | 12.06 Bn |
| 7 | Embraer | 89.60 Bn | 86.98 Bn | - | - |
| 8 | Rocket Lab | 86.87 Bn | 85.59 Bn | 76.49 Mn | 132.46 Mn |
| 9 | Northrop Grumman | 80.10 Bn | 78.01 Bn | 3.45 Bn | 8.89 Bn |
| 10 | TransDigm | 73.23 Bn | 69.36 Bn | 1.51 Bn | 273.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.89 Bn |
| Dec 31, 2025 | 10.44 Bn |
| Sep 30, 2025 | 9.18 Bn |
| Jun 30, 2025 | 9.16 Bn |
| Mar 31, 2025 | 8.90 Bn |
| Dec 31, 2024 | 9.60 Bn |
| Sep 30, 2024 | 8.88 Bn |
| Jun 30, 2024 | 9.13 Bn |
| Mar 31, 2024 | 9.06 Bn |
| Dec 31, 2023 | 11.03 Bn |
| Sep 30, 2023 | 8.76 Bn |
| Jun 30, 2023 | 8.61 Bn |
| Mar 31, 2023 | 8.35 Bn |
| Dec 31, 2022 | 9.13 Bn |
| Sep 30, 2022 | 8.13 Bn |
| Jun 30, 2022 | 7.85 Bn |
| Mar 31, 2022 | 7.90 Bn |
| Dec 31, 2021 | 7.90 Bn |
| Sep 30, 2021 | 7.68 Bn |
| Jun 30, 2021 | 8.11 Bn |
| Mar 31, 2021 | 8.32 Bn |
| Dec 31, 2020 | 9.06 Bn |
| Sep 30, 2020 | 8.10 Bn |
| Jun 30, 2020 | 7.89 Bn |
| Mar 31, 2020 | 7.69 Bn |
| Dec 31, 2019 | 970.00 Mn |
| Sep 30, 2019 | 776.00 Mn |
| Jun 30, 2019 | 784.00 Mn |
| Mar 31, 2019 | 760.00 Mn |
| Dec 31, 2018 | 744.00 Mn |
| Sep 30, 2018 | 817.00 Mn |
| Jun 30, 2018 | 739.00 Mn |
| Mar 31, 2018 | 711.00 Mn |
| Dec 31, 2017 | 649.00 Mn |
| Sep 30, 2017 | 679.00 Mn |
| Jun 30, 2017 | 686.00 Mn |
| Mar 31, 2017 | 698.00 Mn |
| Dec 31, 2016 | 694.00 Mn |
| Sep 30, 2016 | 662.00 Mn |
| Jun 30, 2016 | 620.00 Mn |
| Mar 31, 2016 | 656.00 Mn |
| Dec 31, 2015 | 627.00 Mn |
| Sep 30, 2015 | 663.00 Mn |
| Jun 30, 2015 | 641.00 Mn |
| Mar 31, 2015 | 635.00 Mn |
| Dec 31, 2014 | 693.00 Mn |
| Sep 30, 2014 | 580.00 Mn |
| Jun 30, 2014 | 590.00 Mn |
| Mar 31, 2014 | 542.00 Mn |
| Dec 31, 2013 | 561.00 Mn |
| Sep 30, 2013 | 555.00 Mn |
| Jun 30, 2013 | 582.00 Mn |
| Mar 31, 2013 | 558.00 Mn |
| Dec 31, 2012 | 737.00 Mn |
| Sep 30, 2012 | 572.00 Mn |
| Jun 30, 2012 | 580.00 Mn |
| Mar 31, 2012 | 561.00 Mn |
| Dec 31, 2011 | 637.00 Mn |
| Sep 30, 2011 | 589.00 Mn |
| Jun 30, 2011 | 556.00 Mn |
| Mar 31, 2011 | 568.00 Mn |
| Dec 31, 2010 | 648.00 Mn |
| Sep 30, 2010 | 574.00 Mn |
| Jun 30, 2010 | 621.00 Mn |
| Mar 31, 2010 | 624.00 Mn |
| Dec 31, 2009 | 368.00 Mn |
| Sep 30, 2009 | 744.00 Mn |
| Jun 30, 2009 | 741.00 Mn |
| Mar 31, 2009 | 718.00 Mn |