Lee Enterprises (LEE) Operating Expenses (2010 - 2026)

On a trailing twelve-month basis, Lee Enterprises' Operating Expenses was $500.5 million through Jun 28, 2026, down 15.5% year-over-year; for FY2025 (ended Sep 28, 2025), it came in at $571.27 million, down 6.6% from FY2024.

• Operating Expenses has now declined for three consecutive fiscal years, with a five-year compound annual growth rate of 0.0% (FY2020 to FY2025).
• In earlier fiscal years, Operating Expenses was $611.41 million in FY2024 (-7.4%), $660.5 million in FY2023 (-13.3%), $761.78 million in FY2022 (+2.3%) and $744.51 million in FY2021 (+30.4%).
• Quarterly Operating Expenses has moved between $114.43 million (fiscal Q2 2026) and $198.56 million (fiscal Q4 2022) over five years.
• Compared with a year earlier, Operating Expenses has declined for seven straight quarters, with an average decline of 8.8% over the last eight quarters.
• The best year-over-year quarter for Operating Expenses over five years was fiscal Q4 2022 (growth of 9.2%); the worst was fiscal Q4 2023 (a decline of 21.4%).
• Per Business Quant data, LEE's Operating Expenses in the three fiscal quarters before Q3 2026 was $114.43 million (Q2 2026), $125.93 million (Q1 2026) and $141.88 million (Q4 2025).