Teva Pharmaceutical Industries (TEVA) Operating Expenses (2017 - 2026)

Teva Pharmaceutical Industries (TEVA) posted Operating Expenses of $1.0 billion for Q1 2026, down 56.65% on a QoQ basis from $2.3 billion in Q4 2025, and up 83.82% year-over-year from $544.0 million in Q1 2025.

Teva Pharmaceutical Industries (TEVA) Operating Expenses (2017 - 2026) Analysis & Trends

Teva Pharmaceutical Industries' Operating Expenses history runs 10 years deep, the most recent figure standing at $1.0 billion for Q1 2026.

  • Quarterly Operating Expenses rose 83.82% year-over-year to $1.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.8 billion (up 363.95% YoY) and the FY2025 annual result came in at $4.0 billion, up 84.02% from the prior year.
  • Operating Expenses was $1.0 billion for Q1 2026 at Teva Pharmaceutical Industries, down from $2.3 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $2.3 billion in Q4 2025 and bottomed at -$591.0 million in Q4 2024.
  • A 5-year average of $822.5 million and a median of $842.0 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses slumped 131.07% — and 2025, when it surged 490.36%.
  • Teva Pharmaceutical Industries' Operating Expenses stood at $837.0 million in 2022, then soared by 127.24% to $1.9 billion in 2023, then plunged by 131.07% to -$591.0 million in 2024, then jumped by 490.36% to $2.3 billion in 2025, then slumped by 56.65% to $1.0 billion in 2026.
  • Business Quant data shows TEVA's Operating Expenses at $1.0 billion in Q1 2026, $2.3 billion in Q4 2025, and $573.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Haleon 88.07 Bn 86.20 Bn - -
2 Teva Pharmaceutical Industries 35.75 Bn 32.01 Bn 1.97 Bn 1.00 Bn
3 Zoetis 31.84 Bn 29.90 Bn 1.62 Bn 788.00 Mn
4 Takeda Pharmaceutical 27.18 Bn 23.12 Bn 4.39 Bn 12.58 Bn
5 United Therapeutics 23.09 Bn 20.93 Bn 648.10 Mn 455.70 Mn
6 RedHill Biopharma 21.32 Bn 21.32 Bn - -
7 Viatris 19.96 Bn 18.16 Bn 1.16 Bn 1.24 Bn
8 Neurocrine Biosciences 17.66 Bn 16.34 Bn 800.70 Mn 621.10 Mn
9 Elanco Animal Health 12.44 Bn 12.02 Bn 785.00 Mn 494.00 Mn
10 Vireo Growth 10.53 Bn 10.38 Bn 59.30 Mn 50.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.00 Bn
Dec 31, 2025 2.31 Bn
Sep 30, 2025 573.00 Mn
Jun 30, 2025 959.00 Mn
Mar 31, 2025 544.00 Mn
Dec 31, 2024 -591.00 Mn
Sep 30, 2024 538.00 Mn
Jun 30, 2024 552.00 Mn
Mar 31, 2024 886.00 Mn
Dec 31, 2023 1.90 Bn
Sep 30, 2023 844.00 Mn
Jun 30, 2023 910.00 Mn
Mar 31, 2023 842.00 Mn
Dec 31, 2022 837.00 Mn
Sep 30, 2022 458.00 Mn
Jun 30, 2022 541.00 Mn
Mar 31, 2022 880.00 Mn
Dec 31, 2021 908.00 Mn
Sep 30, 2021 513.00 Mn
Jun 30, 2021 490.00 Mn