Levi Strauss (LEVI) Operating Expenses (2010 - 2026)
Levi Strauss' (LEVI) quarterly Operating Expenses came in at $856.9 million in Q2 2026, up 7.41% on a YoY basis from $797.8 million in Q2 2025, and down 2.58% quarter-over-quarter from $879.6 million in Q1 2026.
Analysis
Levi Strauss (LEVI) Operating Expenses (2010 - 2026) Analysis & Trends
Levi Strauss (LEVI) has reported Operating Expenses for 17 consecutive years, with $856.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 7.41% year-over-year to $856.9 million; the trailing twelve-month figure through May 2026 stood at $3.4 billion (up 7.19% YoY), and the FY2025 full-year result was $3.2 billion, down 2.43% from the prior year.
- Operating Expenses eased to $856.9 million in Q2 2026 per LEVI's latest filing, from $879.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $879.6 million in Q1 2026 and bottomed at $642.4 million in Q4 2023.
- Historically, Operating Expenses has averaged $779.4 million across 5 years, with a median of $781.5 million in 2022.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses retreated 13.33% in 2023, then surged 35.82% in 2024.
- Over 5 years, Operating Expenses stood at $741.2 million in 2022, then declined by 13.33% to $642.4 million in 2023, then jumped by 35.82% to $872.5 million in 2024, then fell by 1.18% to $862.2 million in 2025, then dropped by 0.61% to $856.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $856.9 million, $879.6 million, and $862.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Lululemon Athletica | 10.82 Bn | 9.43 Bn | 1.46 Bn | 1.01 Bn |
| 2 | Gildan Activewear | 7.84 Bn | 7.57 Bn | 459.76 Mn | 283.86 Mn |
| 3 | Levi Strauss | 7.72 Bn | 6.74 Bn | 979.10 Mn | 856.90 Mn |
| 4 | V F | 4.89 Bn | 4.22 Bn | 917.04 Mn | 1.75 Bn |
| 5 | Kontoor Brands | 3.64 Bn | 3.59 Bn | 328.26 Mn | 493.76 Mn |
| 6 | Pvh | 3.14 Bn | 2.17 Bn | 1.32 Bn | 1.09 Bn |
| 7 | Warby Parker | 2.98 Bn | 2.69 Bn | 136.46 Mn | 133.29 Mn |
| 8 | Columbia Sportswear | 2.87 Bn | 2.25 Bn | 358.43 Mn | 332.19 Mn |
| 9 | Figs | 2.11 Bn | 1.81 Bn | 147.86 Mn | 112.59 Mn |
| 10 | Under Armour | 2.03 Bn | 1.63 Bn | 593.83 Mn | 547.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 856.90 Mn |
| Mar 1, 2026 | 879.60 Mn |
| Nov 30, 2025 | 862.20 Mn |
| Aug 31, 2025 | 784.20 Mn |
| Jun 1, 2025 | 797.80 Mn |
| Mar 2, 2025 | 756.00 Mn |
| Dec 1, 2024 | 872.50 Mn |
| Aug 25, 2024 | 729.80 Mn |
| May 26, 2024 | 811.50 Mn |
| Feb 25, 2024 | 869.20 Mn |
| Nov 26, 2023 | 642.40 Mn |
| Aug 27, 2023 | 714.50 Mn |
| May 28, 2023 | 774.30 Mn |
| Feb 26, 2023 | 784.90 Mn |
| Nov 27, 2022 | 741.20 Mn |
| Aug 28, 2022 | 663.80 Mn |
| May 29, 2022 | 778.80 Mn |
| Feb 27, 2022 | 709.40 Mn |
| Nov 28, 2021 | 785.18 Mn |
| Aug 29, 2021 | 642.23 Mn |