Ferrari (RACE) Operating Expenses (2014 - 2025)

Ferrari (RACE) reported Operating Expenses of $479.6 million for Q4 2025, up 10.81% year-over-year from $432.8 million in Q4 2024, and up 7.25% quarter-over-quarter from $447.2 million in Q3 2025.

Ferrari (RACE) Operating Expenses (2014 - 2025) Analysis & Trends

Ferrari (RACE) has 12 years of Operating Expenses data on file, last reported at $479.6 million in Q4 2025.

  • Operating Expenses for Q4 2025 came in at $479.6 million, up 10.81% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.8 billion (up 12.09% YoY), and the FY2025 annual result was $1.8 billion, up 13.44% from the prior year.
  • Operating Expenses advanced to $479.6 million in Q4 2025 per RACE's latest filing, from $447.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $479.6 million in Q4 2025 and troughed at $291.0 million in Q3 2022.
  • A 5-year average of $368.9 million and a median of $371.8 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses dropped 11.17% in 2022, then rose 27.03% in 2023.
  • 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.
  • Business Quant data shows RACE's Operating Expenses at $479.6 million in Q4 2025, $447.2 million in Q3 2025, and $435.8 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tesla 1,297.09 Bn 1,252.41 Bn 4.72 Bn 3.78 Bn
2 Toyota Motor 440.56 Bn 289.71 Bn 39.87 Bn 76.70 Bn
3 Ferrari 75.26 Bn 73.46 Bn 1.09 Bn 479.59 Mn
4 General Motors 72.40 Bn 50.02 Bn 4.32 Bn 40.70 Bn
5 Ford Motor 56.05 Bn 25.60 Bn 7.94 Bn 40.92 Bn
6 Rivian Automotive 20.65 Bn 15.84 Bn 119.00 Mn 1.00 Bn
7 China Yuchai International 14.25 Bn 13.19 Bn 317.01 Mn -282.20 Mn
8 VinFast Auto 7.11 Bn 10.11 Bn -15,731.99 Bn -11,212.24 Bn
9 Digital Currency X Technology 4.89 Bn 4.89 Bn - -
10 Xpeng 4.49 Bn 1.59 Bn 388.90 Mn -660.64 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 479.59 Mn
Sep 30, 2025 447.17 Mn
Jun 30, 2025 435.77 Mn
Mar 31, 2025 401.60 Mn
Dec 31, 2024 432.78 Mn
Sep 30, 2024 381.54 Mn
Jun 30, 2024 373.94 Mn
Mar 31, 2024 385.63 Mn
Dec 31, 2023 398.10 Mn
Sep 30, 2023 369.62 Mn
Jun 30, 2023 334.56 Mn
Mar 31, 2023 352.23 Mn
Dec 31, 2022 347.26 Mn
Sep 30, 2022 290.97 Mn
Jun 30, 2022 306.41 Mn
Mar 31, 2022 322.59 Mn
Dec 31, 2021 390.93 Mn
Sep 30, 2021 298.58 Mn
Jun 30, 2021 314.00 Mn
Mar 31, 2021 314.20 Mn