Medifast (MED) Operating Expenses (2009 - 2026)
Medifast's Operating Expenses came in at $69.4 million for Q3 2026, up 4.8% from $66.24 million a year earlier and up 20.2% from the prior quarter.
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Analysis
Medifast (MED) Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Medifast reported Operating Expenses of $242.12 million, down 23.6% year-over-year; for FY2025, it was $289.4 million, down 34.5% from FY2024.
- Operating Expenses has declined in each of the last three years, with a five-year compound annual growth rate of -12.5% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $441.75 million in FY2024 (-32.0%), $649.45 million in FY2023 (-32.0%), $955.61 million in FY2022 (+4.9%) and $911.36 million in FY2021 (+61.7%).
- The Q3 2026 figure represents the highest quarterly Operating Expenses since Q2 2025.
- Year-over-year, Operating Expenses increased in 1 of the last eight quarters, with an average decline of 28.4%.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2021 (growth of 43.5%), and the weakest in Q2 2025 (a decline of 40.8%).
- Business Quant data shows MED's Operating Expenses at $57.72 million (Q2 2026), $55.05 million (Q1 2026) and $59.94 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 393.58 Bn | 345.38 Bn | 11.60 Bn | 5.66 Bn |
| 2 | Colgate Palmolive | 79.23 Bn | 74.06 Bn | 3.23 Bn | 2.11 Bn |
| 3 | Estee Lauder Companies | 40.61 Bn | 27.71 Bn | 2.81 Bn | 2.41 Bn |
| 4 | Kenvue | 37.02 Bn | 32.73 Bn | 2.31 Bn | 1.60 Bn |
| 5 | Kimberly Clark | 36.40 Bn | 32.48 Bn | 1.44 Bn | - |
| 6 | Church & Dwight | 26.67 Bn | 25.06 Bn | 749.40 Mn | 267.30 Mn |
| 7 | Clorox | 13.24 Bn | 11.66 Bn | 770.00 Mn | 319.00 Mn |
| 8 | e.l.f. Beauty | 6.97 Bn | 5.79 Bn | 370.22 Mn | 300.12 Mn |
| 9 | Reynolds Consumer Products | 5.22 Bn | 4.91 Bn | 236.00 Mn | 106.00 Mn |
| 10 | Medifast | 144.93 Mn | -533.64 Mn | 50.04 Mn | 69.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 69.40 Mn |
| Jun 30, 2026 | 57.72 Mn |
| Mar 31, 2026 | 55.05 Mn |
| Dec 31, 2025 | 59.94 Mn |
| Sep 30, 2025 | 66.24 Mn |
| Jun 30, 2025 | 77.71 Mn |
| Mar 31, 2025 | 85.51 Mn |
| Dec 31, 2024 | 87.51 Mn |
| Sep 30, 2024 | 103.57 Mn |
| Jun 30, 2024 | 131.31 Mn |
| Mar 31, 2024 | 119.35 Mn |
| Dec 31, 2023 | 132.69 Mn |
| Sep 30, 2023 | 151.87 Mn |
| Jun 30, 2023 | 172.01 Mn |
| Mar 31, 2023 | 192.88 Mn |
| Dec 31, 2022 | 201.00 Mn |
| Sep 30, 2022 | 234.69 Mn |
| Jun 30, 2022 | 272.72 Mn |
| Mar 31, 2022 | 247.20 Mn |
| Dec 31, 2021 | 231.45 Mn |
API Access
Medifast Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MED&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MED", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MED&period=max&api_key=YOUR_API_KEY");
const data = await res.json();