Academy Sports & Outdoors (ASO) Operating Expenses (2019 - 2026)

On a TTM basis, Academy Sports & Outdoors' Operating Expenses came in at $1.62 billion as of Aug 1, 2026, up 5.1% year-over-year; for FY2026 (ended Jan 31, 2026), it was $1.59 billion, up 8.2% from FY2025.

• Annual Operating Expenses has increased for three straight fiscal years, with a five-year compound annual growth rate of 3.9% (FY2021 to FY2026).
• Across earlier fiscal years, Operating Expenses came in at $1.47 billion in FY2025 (+2.8%), $1.43 billion in FY2024 (+4.9%), $1.37 billion in FY2023 (-5.3%) and $1.44 billion in FY2022 (+9.9%).
• The fiscal Q2 2027 figure is the highest quarterly Operating Expenses in data going back to fiscal Q3 2020.
• On a year-over-year basis, Operating Expenses has increased for six consecutive quarters, with growth averaging 5.5% over the last eight quarters.
• Peak year-over-year performance for Operating Expenses in the last five years was growth of 10.2% in fiscal Q1 2026, against a decline of 12.5% in fiscal Q2 2023 at the low end.
• Per Business Quant, the preceding three fiscal quarters came in at $404.69 million (Q1 2027), $406.46 million (Q4 2026) and $393.02 million (Q3 2026).