Lennar annual operating expenses
2008
2021
2022
2023
2024
2025
Lennar Operating Expenses Growth & History (LEN)
Lennar's operating expenses was $31.52B for fiscal 2025.
View full Lennar company overviewLennar annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-11-30 | $31.52B | $847.4M | +2.76% |
| 2024 | 2024-11-30 | $30.67B | $1.80B | +6.25% |
| 2023 | 2023-11-30 | $28.87B | $28.45B | +6864.28% |
| 2022 | 2022-11-30 | $414.5M | −$21.64B | −98.12% |
| 2021 | 2021-11-30 | $22.05B | — | — |
| 2008 | 2008-11-30 | $5.02B | — | — |
Lennar quarterly operating expenses
Q3.09
Q1.10
Q2.10
Q3.12
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q2.22
Q3.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-05-31 | $7.54B | −$207.5M | −2.68% |
| Q1 2026 | 2026-02-28 | $6.40B | −$532.4M | −7.68% |
| Q4 2025 | 2025-11-30 | $8.72B | $140.7M | +1.64% |
| Q3 2025 | 2025-08-31 | $8.11B | −$19.3M | −0.24% |
| Q2 2025 | 2025-05-31 | $7.75B | $202.2M | +2.68% |
| Q1 2025 | 2025-02-28 | $6.94B | $523.9M | +8.17% |
| Q4 2024 | 2024-11-30 | $8.58B | −$498.5M | −5.49% |
| Q3 2024 | 2024-08-31 | $8.13B | $871.1M | +12.00% |
| Q2 2024 | 2024-05-31 | $7.55B | $694.6M | +10.14% |
| Q1 2024 | 2024-02-29 | $6.41B | $737.7M | +13.00% |
| Q4 2023 | 2023-11-30 | $9.08B | — | — |
| Q3 2023 | 2023-08-31 | $7.26B | $267.2M | +3.82% |
| Q2 2023 | 2023-05-31 | $6.85B | $345.8M | +5.31% |
| Q1 2023 | 2023-02-28 | $5.67B | — | — |
| Q3 2022 | 2022-08-31 | $6.99B | — | — |
| Q2 2022 | 2022-05-31 | $6.51B | — | — |
| Q4 2020 | 2020-11-30 | $314.1M | −$90.0M | −22.27% |
| Q3 2020 | 2020-08-31 | $310.9M | −$15.1M | −4.62% |
| Q2 2020 | 2020-05-31 | $302.3M | −$100.8M | −25.01% |
| Q1 2020 | 2020-02-29 | $338.6M | $11.0M | +3.35% |
| Q4 2019 | 2019-11-30 | $404.1M | $366.9M | +986.20% |
| Q3 2019 | 2019-08-31 | $325.9M | −$4.78B | −93.61% |
| Q2 2019 | 2019-05-31 | $403.1M | −$4.67B | −92.06% |
| Q1 2019 | 2019-02-28 | $327.6M | $80.4M | +32.53% |
| Q4 2018 | 2018-11-30 | $37.2M | −$162.8M | −81.39% |
| Q3 2018 | 2018-08-31 | $5.10B | $4.89B | +2339.13% |
| Q2 2018 | 2018-05-31 | $5.08B | $4.84B | +2011.31% |
| Q1 2018 | 2018-02-28 | $247.2M | −$61.6M | −19.95% |
| Q4 2017 | 2017-11-30 | $200.0M | $45.8M | +29.67% |
| Q3 2017 | 2017-08-31 | $209.2M | $58.2M | +38.56% |
| Q2 2017 | 2017-05-31 | $240.5M | $62.6M | +35.20% |
| Q1 2017 | 2017-02-28 | $308.8M | $159.2M | +106.45% |
| Q4 2016 | 2016-11-30 | $154.2M | $1.5M | +1.01% |
| Q3 2016 | 2016-08-31 | $151.0M | −$3.3M | −2.11% |
| Q2 2016 | 2016-05-31 | $177.9M | $12.0M | +7.26% |
| Q1 2016 | 2016-02-29 | $149.6M | $45.1M | +43.18% |
| Q4 2015 | 2015-11-30 | $152.7M | — | — |
| Q3 2015 | 2015-08-31 | $154.2M | — | — |
| Q2 2015 | 2015-05-31 | $165.8M | — | — |
| Q1 2015 | 2015-02-28 | $104.5M | — | — |
| Q3 2012 | 2012-08-31 | $1.01B | — | — |
| Q2 2010 | 2010-05-31 | $759.3M | — | — |
| Q1 2010 | 2010-02-28 | $580.3M | — | — |
| Q3 2009 | 2009-08-31 | $798.4M | — | — |
Lennar operating expenses trends
Between the periods ended 2008-11-30 and 2025-11-30, Lennar's operating expenses increased from $5.02B to $31.52B, a change of $26.50B. The latest reported quarter, Q2 2026, shows $7.54B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Lennar source filings ↗