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Invitation Homes (INVH) Operating Expenses (2016 - 2025)

Invitation Homes (INVH) has disclosed Operating Expenses for 10 consecutive years, with $589.1 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses fell 4.41% to $589.1 million in Q4 2025 year-over-year; TTM through Dec 2025 was $2.3 billion, a 0.64% increase, with the full-year FY2025 number at $2.3 billion, up 0.64% from a year prior.
  • Operating Expenses was $589.1 million for Q4 2025 at Invitation Homes, down from $597.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $616.3 million in Q4 2024 to a low of $429.4 million in Q1 2021.
  • A 5-year average of $522.0 million and a median of $519.5 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: increased 13.61% in 2024, then dropped 4.41% in 2025.
  • Invitation Homes' Operating Expenses stood at $451.6 million in 2021, then increased by 10.03% to $496.9 million in 2022, then increased by 9.18% to $542.5 million in 2023, then grew by 13.61% to $616.3 million in 2024, then fell by 4.41% to $589.1 million in 2025.
  • Per Business Quant, the three most recent readings for INVH's Operating Expenses are $589.1 million (Q4 2025), $597.2 million (Q3 2025), and $579.6 million (Q2 2025).