Macerich (MAC) Operating Expenses (2009 - 2026)

Macerich has reported Operating Expenses for 18 years, with the latest figure at $278.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 2.92% year-over-year to $278.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.1 billion (up 10.69% YoY), and the FY2025 full-year result was $1.1 billion, up 17.83% from the prior year.
• Operating Expenses for Q1 2026 stood at $278.0 million, down from $281.7 million in the prior quarter.
• The five-year high for Operating Expenses was $286.4 million in Q1 2025, with the low at $174.5 million in Q2 2022.
• Historically, Operating Expenses has averaged $235.7 million across 5 years, with a median of $232.1 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 477.13% — and 2023, when it fell 18.66%.
• Macerich's Operating Expenses stood at $237.1 million in 2022, then declined by 18.66% to $192.9 million in 2023, then soared by 39.22% to $268.5 million in 2024, then grew by 4.91% to $281.7 million in 2025, then slipped by 1.29% to $278.0 million in 2026.
• The last three Operating Expenses figures came in at $278.0 million (Q1 2026), $281.7 million (Q4 2025), and $281.1 million (Q3 2025), per Business Quant data.