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M (MHO) Operating Expenses (2016 - 2025)

M (MHO) has disclosed Operating Expenses for 16 consecutive years, with $1.1 billion as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 3.1% to $1.1 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $3.9 billion, a 3.19% increase, with the full-year FY2025 number at $3.9 billion, up 3.19% from a year prior.
  • Operating Expenses was $1.1 billion for Q4 2025 at M, up from $992.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.1 billion in Q4 2025 to a low of $718.5 million in Q1 2021.
  • A 5-year average of $891.1 million and a median of $865.5 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: surged 33.99% in 2021, then fell 20.73% in 2023.
  • M's Operating Expenses stood at $910.4 million in 2021, then grew by 15.64% to $1.1 billion in 2022, then dropped by 20.73% to $834.6 million in 2023, then increased by 23.98% to $1.0 billion in 2024, then grew by 3.1% to $1.1 billion in 2025.
  • Per Business Quant, the three most recent readings for MHO's Operating Expenses are $1.1 billion (Q4 2025), $992.0 million (Q3 2025), and $1.0 billion (Q2 2025).