Provided it makes sense to apply the operator an arbitrary number of times you can take the exponential of the operator, at least in form.
Remember the power expansion of exp(x) = 1 + x + x^2/2 + ... + x^n/n! + etc.
So you can replace the 1 by the identity operator in the context. And the x by the operator. The x^2 means apply the operator twice, and so on.
This does raise some thorny questions. For example, it is not trivial to know if this converges. If the operator has some nice Eigen values it may. But on the other hand, it may not. Also, it is not necessarily the case you can provide a nice closed form solution for exp(x) if x is an operator. And you may encounter lots of other worries with the expression.
In quantum mechanics, one common thing you will encounter is the commutator of two operators.
[x, y] = xy - yx
If one of the operators is then put in exp, you have the interesting question of the meaning of such expressions as this.
[exp(x),y] = exp(x) y - y exp(x)
And that was the subject of a gnarly homework assignment in my first year of grad school.
This also means you can put operators in some other functions, provided you have a power expansion for them. For example sin, cos, log, etc. Again, it does not always make sense, and there are plenty of complications.