Business Segments · Adjusted Operating Costs
Aluminum — Adjusted Operating Costs
Alcoa Aluminum — Adjusted Operating Costs decreased by 7.7% to $1.43B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 9.1%, from $1.57B to $1.43B. Over 3 years (FY 2022 to FY 2025), Aluminum — Adjusted Operating Costs shows relatively stable performance with a 2.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026Apr 30, 2026
How to read this metric
A decrease relative to revenue indicates improved operational efficiency and better cost management.
Detailed definition
The total operating expenses incurred by the Aluminum segment, adjusted to exclude non-recurring or non-operational item...
Peer comparison
Comparable to 'Adjusted Operating Expenses' or 'Segment Cost of Goods Sold' in industrial peers.
Metric ID:
aa_segment_aluminum_adjusted_operating_costsHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.4B | $1.4B | $1.4B | $1.4B | $1.32B | $1.32B | $1.32B | $1.32B | $1.28B | $1.34B | $1.35B | $1.51B | $1.57B | $1.58B | $1.41B | $1.55B | $1.43B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -5.7% | +0.0% | +0.0% | +0.0% | -3.1% | +4.9% | +0.8% | +11.9% | +4.0% | +0.3% | -10.9% | +10.2% | -7.7% |
| YoY Change | — | — | — | — | -5.7% | -5.7% | -5.7% | -5.7% | -3.1% | +1.6% | +2.5% | +14.7% | +23.1% | +17.6% | +3.9% | +2.3% | -9.1% |
Range$1.28B – $1.58B
CAGR+0.5%
Avg YoY Growth+2.3%
Median YoY Growth+1.6%
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Frequently Asked Questions
- What is Alcoa's aluminum — adjusted operating costs?
- Alcoa (AA) reported aluminum — adjusted operating costs of $1.43B in Q1 2026.
- How has Alcoa's aluminum — adjusted operating costs changed year-over-year?
- Alcoa's aluminum — adjusted operating costs decreased by 9.1% year-over-year, from $1.57B to $1.43B.
- What is the long-term trend for Alcoa's aluminum — adjusted operating costs?
- Over 3 years (2022 to 2025), Alcoa's aluminum — adjusted operating costs has grown at a 2.9% compound annual growth rate (CAGR), from $5.6B to $6.11B.
- What does aluminum — adjusted operating costs mean?
- Core operating expenses for the Aluminum segment, excluding one-time charges.