Ferrari (RACE) Operating Expenses (2014 - 2025)

Ferrari has disclosed Operating Expenses across 12 years of filings, most recently posting $479.6 million for Q4 2025.

• In Q4 2025, Operating Expenses rose 10.81% year-over-year to $479.6 million; the TTM figure through Dec 2025 stood at $1.8 billion (up 12.09% YoY), while the FY2025 annual figure was $1.8 billion, up 13.44% from the prior year.
• Operating Expenses improved to $479.6 million in Q4 2025, from $447.2 million in the prior quarter.
• Over the last five years, Operating Expenses for RACE reached as high as $479.6 million in Q4 2025 and fell as low as $291.0 million in Q3 2022.
• The 5-year median for Operating Expenses is $371.8 million (2024), against an average of $368.9 million.
• Annual changes were most pronounced in 2022 — Operating Expenses dropped 11.17% — and 2023, when it rose 27.03%.
• A 5-year view of Operating Expenses shows it stood at $390.9 million in 2021, then dropped by 11.17% to $347.3 million in 2022, then increased by 14.64% to $398.1 million in 2023, then increased by 8.71% to $432.8 million in 2024, then grew by 10.81% to $479.6 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $479.6 million, $447.2 million, and $435.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.