MediaAlpha (MAX) Operating Expenses (2019 - 2026)
MediaAlpha (MAX) posted quarterly Operating Expenses of $296.9 million for Q2 2026, up 9.29% year-over-year from $271.7 million in Q2 2025, and up 3.23% quarter-over-quarter from $287.6 million in Q1 2026.
MediaAlpha (MAX) Operating Expenses (2019 - 2026) Analysis & Trends
MediaAlpha (MAX) has reported Operating Expenses for 8 consecutive years, with $296.9 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 9.29% year-over-year to $296.9 million; the TTM figure through Jun 2026 stood at $1.1 billion (up 7.38% YoY), while the FY2025 annual figure was $1.1 billion, up 32.79% from the prior year.
- Operating Expenses rose to $296.9 million in Q2 2026 per MAX's latest filing, from $287.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $296.9 million in Q2 2026 and bottomed at $89.3 million in Q3 2023.
- Historically, Operating Expenses has averaged $190.0 million across 5 years, with a median of $161.1 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 34.83% — and 2024, when it surged 172.64%.
- MediaAlpha's Operating Expenses stood at $130.5 million in 2022, then retreated by 10.58% to $116.7 million in 2023, then jumped by 141.93% to $282.4 million in 2024, then fell by 4.8% to $268.8 million in 2025, then rose by 10.44% to $296.9 million in 2026.
- Business Quant data shows MAX's Operating Expenses at $296.9 million in Q2 2026, $287.6 million in Q1 2026, and $268.8 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 132.22 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 4.19 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 512.79 Mn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | -187.82 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 527.00 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 573.19 Mn | |
| 10 | MediaAlpha | 703.02 Mn | 679.28 Mn | 45.17 Mn | 296.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 296.91 Mn |
| Mar 31, 2026 | 287.63 Mn |
| Dec 31, 2025 | 268.84 Mn |
| Sep 30, 2025 | 286.78 Mn |
| Jun 30, 2025 | 271.66 Mn |
| Mar 31, 2025 | 264.19 Mn |
| Dec 31, 2024 | 282.40 Mn |
| Sep 30, 2024 | 243.53 Mn |
| Jun 30, 2024 | 171.78 Mn |
| Mar 31, 2024 | 124.28 Mn |
| Dec 31, 2023 | 116.73 Mn |
| Sep 30, 2023 | 89.32 Mn |
| Jun 30, 2023 | 100.84 Mn |
| Mar 31, 2023 | 121.18 Mn |
| Dec 31, 2022 | 130.54 Mn |
| Sep 30, 2022 | 99.59 Mn |
| Jun 30, 2022 | 113.86 Mn |
| Mar 31, 2022 | 150.47 Mn |
| Dec 31, 2021 | 163.22 Mn |
| Sep 30, 2021 | 152.81 Mn |