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

Academy Sports & Outdoors' (ASO) quarterly Operating Expenses came in at $404.7 million in Q2 2026, up 3.87% year-on-year from $389.6 million in Q2 2025, and little changed on a QoQ basis from $406.5 million in Q1 2026.

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

Academy Sports & Outdoors (ASO) has 8 years of Operating Expenses data on file, last reported at $404.7 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 3.87% year-over-year to $404.7 million in Q2 2026; TTM through May 2026 was $1.6 billion, a 6.59% increase from a year earlier, with the FY2026 full-year figure at $1.6 billion, up 8.19% from the prior year.
  • Operating Expenses for Q2 2026 stood at $404.7 million, roughly flat from $406.5 million in the prior quarter.
  • Over the last five years, Operating Expenses for ASO reached as high as $406.5 million in Q1 2026 and fell as low as $315.9 million in Q2 2022.
  • Historically, Operating Expenses has averaged $369.7 million across 5 years, with a median of $368.2 million in 2023.
  • Across the five-year window, Operating Expenses dropped 12.53% in 2022 and climbed 10.24% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $342.9 million in 2022, then grew by 0.86% to $345.9 million in 2023, then climbed by 5.59% to $365.2 million in 2024, then climbed by 7.61% to $393.0 million in 2025, then grew by 2.97% to $404.7 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $404.7 million in Q2 2026, $406.5 million in Q1 2026, and $393.0 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Caseys General Stores 32.13 Bn 31.61 Bn 1.08 Bn 730.02 Mn
2 NaaS Technology 30.58 Bn 30.58 Bn - -
3 Williams Sonoma 28.34 Bn 27.33 Bn 1.10 Bn 627.08 Mn
4 Ulta Beauty 23.18 Bn 22.69 Bn 1.48 Bn 1.01 Bn
5 Best Buy 18.52 Bn 16.77 Bn 2.10 Bn 1.73 Bn
6 Dick'S Sporting Goods 16.59 Bn 15.24 Bn 1.77 Bn 1.57 Bn
7 MINISO Group Holding 16.05 Bn 14.98 Bn 414.86 Mn -290.69 Mn
8 Tractor Supply 15.89 Bn 15.66 Bn 1.30 Bn 941.15 Mn
9 Five Below 12.09 Bn 11.16 Bn 696.98 Mn 337.11 Mn
10 Academy Sports & Outdoors 3.13 Bn 2.79 Bn 479.35 Mn 404.69 Mn

Historic Data

Download Data
DateValue
May 2, 2026 404.69 Mn
Jan 31, 2026 406.46 Mn
Nov 1, 2025 393.02 Mn
Aug 2, 2025 404.35 Mn
May 3, 2025 389.60 Mn
Feb 1, 2025 385.53 Mn
Nov 2, 2024 365.24 Mn
Aug 3, 2024 368.64 Mn
May 4, 2024 353.41 Mn
Feb 3, 2024 393.04 Mn
Oct 28, 2023 345.91 Mn
Jul 29, 2023 352.48 Mn
Apr 29, 2023 340.92 Mn
Jan 28, 2023 367.74 Mn
Oct 29, 2022 342.95 Mn
Jul 30, 2022 339.33 Mn
Apr 30, 2022 315.93 Mn
Jan 29, 2022 385.86 Mn
Oct 30, 2021 344.73 Mn
Jul 31, 2021 387.94 Mn