Lamar Advertising (LAMR) Operating Expenses (2009 - 2026)
Lamar Advertising (LAMR) posted quarterly Operating Expenses of $381.9 million for Q1 2026, up 21.56% year-over-year from $314.2 million in Q1 2025, and down 4.48% quarter-over-quarter from $399.9 million in Q4 2025.
Lamar Advertising (LAMR) Operating Expenses (2009 - 2026) Analysis & Trends
Lamar Advertising (LAMR) has reported Operating Expenses for 18 consecutive years, with $381.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 21.56% year-over-year to $381.9 million; the TTM figure through Mar 2026 stood at $1.6 billion (down 3.45% YoY), while the FY2025 annual figure was $1.5 billion, down 10.92% from the prior year.
- Operating Expenses eased to $381.9 million in Q1 2026 per LAMR's latest filing, from $399.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $542.9 million in Q4 2024 and bottomed at $314.2 million in Q1 2025.
- Historically, Operating Expenses has averaged $378.8 million across 5 years, with a median of $373.6 million in 2024.
- Annual changes were most pronounced in 2024 — Operating Expenses jumped 49.07% — and 2025, when it dropped 26.35%.
- Lamar Advertising's Operating Expenses stood at $425.5 million in 2022, then dropped by 14.4% to $364.2 million in 2023, then surged by 49.07% to $542.9 million in 2024, then dropped by 26.35% to $399.9 million in 2025, then retreated by 4.48% to $381.9 million in 2026.
- Business Quant data shows LAMR's Operating Expenses at $381.9 million in Q1 2026, $399.9 million in Q4 2025, and $396.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 104.96 Bn | 102.73 Bn | 1.40 Bn | 1.96 Bn |
| 2 | American Tower | 82.01 Bn | 80.24 Bn | 2.72 Bn | 1.48 Bn |
| 3 | Digital Realty Trust | 67.69 Bn | 65.83 Bn | - | 1.46 Bn |
| 4 | Iron Mountain | 36.31 Bn | 36.10 Bn | 1.07 Bn | 1.66 Bn |
| 5 | Crown Castle | 32.51 Bn | 31.47 Bn | 989.00 Mn | 538.00 Mn |
| 6 | Sba Communications | 19.31 Bn | 19.31 Bn | 539.27 Mn | 363.41 Mn |
| 7 | Weyerhaeuser | 17.60 Bn | 17.07 Bn | 311.00 Mn | 116.00 Mn |
| 8 | Lamar Advertising | 15.18 Bn | 15.11 Bn | 422.53 Mn | 408.79 Mn |
| 9 | Gaming & Leisure Properties | 12.43 Bn | 12.43 Bn | - | 98.13 Mn |
| 10 | Rayonier | 6.38 Bn | 5.95 Bn | 75.67 Mn | 361.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 381.94 Mn |
| Dec 31, 2025 | 399.87 Mn |
| Sep 30, 2025 | 396.46 Mn |
| Jun 30, 2025 | 381.63 Mn |
| Mar 31, 2025 | 314.20 Mn |
| Dec 31, 2024 | 542.91 Mn |
| Sep 30, 2024 | 377.58 Mn |
| Jun 30, 2024 | 381.02 Mn |
| Mar 31, 2024 | 373.55 Mn |
| Dec 31, 2023 | 364.20 Mn |
| Sep 30, 2023 | 354.48 Mn |
| Jun 30, 2023 | 364.35 Mn |
| Mar 31, 2023 | 352.53 Mn |
| Dec 31, 2022 | 425.46 Mn |
| Sep 30, 2022 | 346.40 Mn |
| Jun 30, 2022 | 351.35 Mn |
| Mar 31, 2022 | 330.93 Mn |
| Dec 31, 2021 | 344.63 Mn |
| Sep 30, 2021 | 343.56 Mn |
| Jun 30, 2021 | 296.07 Mn |