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% YoY from $797.8 million in Q2 2025, and down 2.58% on a QoQ basis from $879.6 million in Q1 2026.
Levi Strauss (LEVI) Operating Expenses (2010 - 2026) Analysis & Trends
Levi Strauss (LEVI) has 17 years of Operating Expenses data on file, last reported at $856.9 million in Q2 2026.
- Quarterly Operating Expenses rose 7.41% year-over-year to $856.9 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $3.4 billion (up 7.19% YoY) and the FY2025 annual result came in at $3.2 billion, down 2.43% from the prior year.
- Operating Expenses fell to $856.9 million in Q2 2026, from $879.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $879.6 million in Q1 2026 to a low of $389.2 million in Q1 2024.
- A 5-year average of $752.7 million and a median of $776.6 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses tumbled 50.41% — and 2025, when it surged 94.24%.
- Tracing LEVI's Operating Expenses over 5 years: stood at $741.2 million in 2022, then slipped by 13.33% to $642.4 million in 2023, then surged by 35.82% to $872.5 million in 2024, then dropped by 1.18% to $862.2 million in 2025, then decreased by 0.61% to $856.9 million in 2026.
- The last three Operating Expenses figures came in at $856.9 million (Q2 2026), $879.6 million (Q1 2026), and $862.2 million (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.40 Bn | 20.46 Bn | 1.44 Bn | 1.10 Bn |
| 2 | Gildan Activewear | 10.48 Bn | 10.22 Bn | 459.76 Mn | 283.86 Mn |
| 3 | Levi Strauss | 8.28 Bn | 7.30 Bn | 979.10 Mn | 856.90 Mn |
| 4 | V F | 5.62 Bn | 4.95 Bn | 917.04 Mn | 1.75 Bn |
| 5 | Kontoor Brands | 4.44 Bn | 4.38 Bn | 328.26 Mn | 493.76 Mn |
| 6 | Ermenegildo Zegna | 3.57 Bn | 3.23 Bn | - | - |
| 7 | Pvh | 3.57 Bn | 2.97 Bn | 1.19 Bn | 1.07 Bn |
| 8 | Columbia Sportswear | 3.08 Bn | 2.46 Bn | 358.43 Mn | 332.19 Mn |
| 9 | Figs | 2.41 Bn | 2.11 Bn | 147.86 Mn | 112.59 Mn |
| 10 | Under Armour | 2.19 Bn | 1.80 Bn | 593.83 Mn | 547.09 Mn |
Historic Data
Download 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 | 389.20 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 | 788.00 Mn |
| Aug 29, 2021 | 642.25 Mn |