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.

• Quarterly Operating Expenses fell 26.35% year-over-year to $399.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.5 billion (down 10.92% YoY) and the FY2025 annual result came in at $1.5 billion, down 10.92% from the prior year.
• Operating Expenses advanced to $399.9 million in Q4 2025 per LAMR's latest filing, from $396.5 million in the prior quarter.
• Across five years, Operating Expenses topped out at $542.9 million in Q4 2024 and bottomed at $282.0 million in Q1 2021.
• The 5-year median for Operating Expenses is $359.3 million (2023), against an average of $366.2 million.
• The widest annual swing landed in 2024, when Operating Expenses surged 49.07%; it then decreased 26.35% in 2025.
• Tracing LAMR's Operating Expenses over 5 years: stood at $344.6 million in 2021, then advanced by 23.45% to $425.5 million in 2022, then retreated by 14.4% to $364.2 million in 2023, then surged by 49.07% to $542.9 million in 2024, then retreated by 26.35% to $399.9 million in 2025.
• Per Business Quant, the three latest LAMR Operating Expenses figures stand at $399.9 million (Q4 2025), $396.5 million (Q3 2025), and $381.6 million (Q2 2025).

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