Advantage Solutions (ADV) Operating Expenses (2019 - 2026)

Advantage Solutions' (ADV) quarterly Operating Expenses came in at $865.4 million in Q1 2026, up 332.73% year-on-year from $200.0 million in Q1 2025, and up 149.37% quarter-over-quarter from -$1.8 billion in Q4 2025.

Advantage Solutions (ADV) Operating Expenses (2019 - 2026) Analysis & Trends

Advantage Solutions has disclosed Operating Expenses across 8 years of filings, most recently posting $865.4 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $865.4 million, up 332.73% year-over-year; the trailing twelve-month figure through Mar 2026 was -$479.5 million (down 468.47% YoY), and the FY2025 annual result was $822.2 million, changed 0.08% from the prior year.
  • Operating Expenses came in at $865.4 million for Q1 2026 at Advantage Solutions, up from -$1.8 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.0 billion in Q3 2023 to a low of -$2.2 billion in Q4 2023.
  • The 5-year median for Operating Expenses is $891.4 million (2024), against an average of $119.3 million.
  • Across the five-year window, Operating Expenses tumbled 315.46% in 2022 and surged 332.73% in 2026, its largest moves.
  • Advantage Solutions' Operating Expenses stood at -$2.0 billion in 2022, then retreated by 8.65% to -$2.2 billion in 2023, then climbed by 10.93% to -$2.0 billion in 2024, then climbed by 11.34% to -$1.8 billion in 2025, then soared by 149.37% to $865.4 million in 2026.
  • The last three Operating Expenses figures came in at $865.4 million (Q1 2026), -$1.8 billion (Q4 2025), and $219.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 AppLovin 175.91 Bn 173.15 Bn 1.78 Bn 402.52 Mn
2 Omnicom 22.52 Bn 18.86 Bn 1.04 Bn 5.60 Bn
3 Trade Desk 9.46 Bn 8.05 Bn 506.89 Mn 622.21 Mn
4 Wpp 2.71 Bn -875.81 Mn - -
5 Nexxen International 2.36 Bn 2.23 Bn 70.41 Mn 75.27 Mn
6 Magnite 2.27 Bn 2.09 Bn 118.28 Mn 156.65 Mn
7 Ziff Davis 1.74 Bn 1.22 Bn 152.41 Mn 264.71 Mn
8 DoubleVerify Holdings 1.69 Bn 1.51 Bn 135.23 Mn 71.10 Mn
9 Stagwell 1.60 Bn 1.51 Bn 244.61 Mn 694.50 Mn
10 Advantage Solutions 488.56 Mn 332.54 Mn 108.03 Mn 865.44 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 865.44 Mn
Dec 31, 2025 -1.75 Bn
Sep 30, 2025 219.74 Mn
Jun 30, 2025 188.09 Mn
Mar 31, 2025 199.99 Mn
Dec 31, 2024 -1.98 Bn
Sep 30, 2024 942.45 Mn
Jun 30, 2024 964.62 Mn
Mar 31, 2024 891.36 Mn
Dec 31, 2023 -2.22 Bn
Sep 30, 2023 1.01 Bn
Jun 30, 2023 948.51 Mn
Mar 31, 2023 937.64 Mn
Dec 31, 2022 -2.04 Bn
Sep 30, 2022 1.00 Bn
Jun 30, 2022 952.81 Mn
Mar 31, 2022 891.78 Mn
Dec 31, 2021 948.15 Mn
Sep 30, 2021 863.16 Mn
Jun 30, 2021 807.51 Mn