GameStop (GME) Operating Expenses (2009 - 2026)
GameStop (GME) reported Operating Expenses of $241.9 million for Q1 2026, down 14.37% year-over-year from $282.5 million in Q1 2025, and up 9.26% quarter-over-quarter from $221.4 million in Q4 2025.
GameStop (GME) Operating Expenses (2009 - 2026) Analysis & Trends
GameStop (GME) has 18 years of Operating Expenses data on file, last reported at $241.9 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $241.9 million, down 14.37% year-over-year; the trailing twelve-month figure through Jan 2026 was $910.2 million (down 19.48% YoY), and the FY2026 annual result was $910.2 million, down 19.48% from the prior year.
- Operating Expenses advanced to $241.9 million in Q1 2026 per GME's latest filing, from $221.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $538.9 million in Q1 2022 and troughed at $218.8 million in Q3 2025.
- A 5-year average of $328.5 million and a median of $296.5 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses climbed 28.59% in 2022, then retreated 23.56% in 2023.
- A 5-year view of Operating Expenses shows it stood at $387.9 million in 2022, then retreated by 23.56% to $296.5 million in 2023, then declined by 4.89% to $282.0 million in 2024, then decreased by 21.49% to $221.4 million in 2025, then rose by 9.26% to $241.9 million in 2026.
- Business Quant data shows GME's Operating Expenses at $241.9 million in Q1 2026, $221.4 million in Q4 2025, and $218.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 27.84 Bn | 27.38 Bn | 1.01 Bn | 697.64 Mn |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | 627.08 Mn |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 1.01 Bn |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 1.57 Bn |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 941.15 Mn |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 1.73 Bn |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | - |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | 337.11 Mn |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 279.80 Mn |
| 10 | GameStop | 9.92 Bn | 905.02 Mn | 386.80 Mn | 241.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 241.90 Mn |
| Nov 1, 2025 | 221.40 Mn |
| Aug 2, 2025 | 218.80 Mn |
| May 3, 2025 | 228.10 Mn |
| Feb 1, 2025 | 282.50 Mn |
| Nov 2, 2024 | 282.00 Mn |
| Aug 3, 2024 | 270.80 Mn |
| May 4, 2024 | 295.10 Mn |
| Feb 3, 2024 | 359.20 Mn |
| Oct 28, 2023 | 296.50 Mn |
| Jul 29, 2023 | 322.50 Mn |
| Apr 29, 2023 | 345.70 Mn |
| Jan 28, 2023 | 453.40 Mn |
| Oct 29, 2022 | 387.90 Mn |
| Jul 30, 2022 | 387.50 Mn |
| Apr 30, 2022 | 452.20 Mn |
| Jan 29, 2022 | 538.90 Mn |
| Oct 30, 2021 | 421.50 Mn |
| Jul 31, 2021 | 378.90 Mn |
| May 1, 2021 | 370.30 Mn |