MINISO Group Holding (MNSO) Operating Expenses (2019 - 2026)
MINISO Group Holding's (MNSO) quarterly Operating Expenses came in at -$274.3 million in Q2 2026, down 38.25% year-over-year from -$444.2 million in Q2 2025, and down 7.45% quarter-over-quarter from -$255.3 million in Q1 2026.
Analysis
MINISO Group Holding (MNSO) Operating Expenses (2019 - 2026) Analysis & Trends
MINISO Group Holding (MNSO) has reported Operating Expenses for 8 consecutive years, with -$274.3 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 38.25% year-over-year to -$274.3 million in Q2 2026; TTM through Jun 2026 was -$1.1 billion, a 47.68% decrease from a year earlier, with the FY2025 full-year figure at -$928.2 million, down 52.21% from the prior year.
- Operating Expenses was -$274.3 million for Q2 2026 at MINISO Group Holding, down from -$255.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$80.3 million in Q3 2022 and troughed at -$290.7 million in Q4 2025.
- A 5-year average of -$176.5 million and a median of -$175.1 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses plunged 318.9% in 2022 and surged 37.99% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at -$81.6 million in 2022, then plunged by 192.76% to -$239.0 million in 2023, then increased by 26.75% to -$175.1 million in 2024, then sank by 66.04% to -$290.7 million in 2025, then rose by 5.64% to -$274.3 million in 2026.
- The last three Operating Expenses figures came in at -$274.3 million (Q2 2026), -$255.3 million (Q1 2026), and -$290.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Target | 71.11 Bn | 65.70 Bn | 8.94 Bn | 5.73 Bn |
| 2 | Five Below | 13.55 Bn | 12.36 Bn | 612.42 Mn | 285.87 Mn |
| 3 | Ollie's Bargain Outlet Holdings | 4.37 Bn | 4.19 Bn | 322.17 Mn | 241.89 Mn |
| 4 | MINISO Group Holding | 2.77 Bn | 1.69 Bn | 387.56 Mn | -274.30 Mn |
| 5 | Savers Value Village | 1.49 Bn | 1.40 Bn | 254.92 Mn | 405.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -274.30 Mn |
| Mar 31, 2026 | -255.28 Mn |
| Dec 31, 2025 | -290.69 Mn |
| Sep 30, 2025 | -247.81 Mn |
| Jun 30, 2025 | -198.41 Mn |
| Mar 31, 2025 | -174.09 Mn |
| Dec 31, 2024 | -175.07 Mn |
| Sep 30, 2024 | -175.65 Mn |
| Jun 30, 2024 | -145.50 Mn |
| Mar 31, 2024 | -124.10 Mn |
| Dec 31, 2023 | -239.00 Mn |
| Sep 30, 2023 | -283.29 Mn |
| Jun 30, 2023 | -88.74 Mn |
| Mar 31, 2023 | -86.53 Mn |
| Dec 31, 2022 | -81.64 Mn |
| Sep 30, 2022 | -80.26 Mn |
| Jun 30, 2022 | -80.55 Mn |
| Dec 31, 2021 | 37.29 Mn |
| Sep 30, 2021 | -85.68 Mn |
| Jun 30, 2021 | -74.80 Mn |