Lamar Advertising (LAMR) Operating Expenses (2009 - 2025)

Lamar Advertising (LAMR) has 17 years of Operating Expenses data on file, last reported at $399.9 million in Q4 2025.

• Operating Expenses for Q4 2025 came in at $399.9 million, down 26.35% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.5 billion (down 10.92% YoY), and the FY2025 annual result was $1.5 billion, down 10.92% from the prior year.
• Operating Expenses grew to $399.9 million in Q4 2025 per LAMR's latest filing, from $396.5 million in the prior quarter.
• Over five years, Operating Expenses peaked at $542.9 million in Q4 2024 and troughed at $282.0 million in Q1 2021.
• A 5-year average of $366.2 million and a median of $359.3 million in 2023 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 49.07% in 2024, then dropped 26.35% in 2025.
• A 5-year view of Operating Expenses shows it stood at $344.6 million in 2021, then grew by 23.45% to $425.5 million in 2022, then slipped by 14.4% to $364.2 million in 2023, then jumped by 49.07% to $542.9 million in 2024, then slipped by 26.35% to $399.9 million in 2025.
• Business Quant data shows LAMR's Operating Expenses at $399.9 million in Q4 2025, $396.5 million in Q3 2025, and $381.6 million in Q2 2025.