Northrop Grumman (NOC) Operating Expenses (2009 - 2026)
Northrop Grumman (NOC) posted quarterly Operating Expenses of $9.8 billion for Q2 2026, up 6.8% year-over-year from $9.2 billion in Q2 2025, and up 9.99% quarter-over-quarter from $8.9 billion in Q1 2026.
Northrop Grumman (NOC) Operating Expenses (2009 - 2026) Analysis & Trends
Northrop Grumman's Operating Expenses history runs 18 years deep, the most recent figure standing at $9.8 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 6.8% year-over-year to $9.8 billion; the TTM figure through Jun 2026 stood at $38.3 billion (up 4.84% YoY), while the FY2025 annual figure was $37.7 billion, up 2.76% from the prior year.
- Operating Expenses for Q2 2026 stood at $9.8 billion, up from $8.9 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.
- The 5-year median for Operating Expenses is $9.0 billion (2024), against an average of $9.0 billion.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses increased 20.86% in 2023, then declined 13.0% in 2024.
- Northrop Grumman's Operating Expenses stood at $9.1 billion in 2022, then climbed by 20.86% to $11.0 billion in 2023, then slipped by 13.0% to $9.6 billion in 2024, then increased by 8.79% to $10.4 billion in 2025, then decreased by 6.33% to $9.8 billion in 2026.
- Business Quant data shows NOC's Operating Expenses at $9.8 billion in Q2 2026, $8.9 billion in Q1 2026, and $10.4 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | 10.86 Bn |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 21.96 Bn |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | 12.63 Bn |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | 9.78 Bn |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | 332.00 Mn |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | 848.00 Mn |
| 10 | Axon Enterprise | 49.43 Bn | 48.76 Bn | 546.45 Mn | 499.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.78 Bn |
| 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 |