Murphy USA (MUSA) Operating Expenses (2012 - 2026)

Murphy USA's (MUSA) quarterly Operating Expenses came in at $279.8 million in Q1 2026, down 93.69% year-on-year from $4.4 billion in Q1 2025, and down 93.83% quarter-over-quarter from $4.5 billion in Q4 2025.

Murphy USA (MUSA) Operating Expenses (2012 - 2026) Analysis & Trends

Murphy USA has disclosed Operating Expenses across 15 years of filings, most recently posting $279.8 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $279.8 million, down 93.69% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.4 billion (down 72.01% YoY), and the FY2025 annual result was $18.7 billion, down 4.28% from the prior year.
  • Operating Expenses came in at $279.8 million for Q1 2026 at Murphy USA, down from $4.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $5.4 billion in Q2 2023 to a low of $238.3 million in Q1 2023.
  • The 5-year median for Operating Expenses is $285.9 million (2025), against an average of $2.4 billion.
  • Peak annual rise in Operating Expenses reached 2035.92% in 2023, while the deepest fall reached 95.13% in 2023.
  • Murphy USA's Operating Expenses stood at $247.1 million in 2022, then grew by 2.87% to $254.2 million in 2023, then soared by 1673.52% to $4.5 billion in 2024, then increased by 0.51% to $4.5 billion in 2025, then sank by 93.83% to $279.8 million in 2026.
  • The last three Operating Expenses figures came in at $279.8 million (Q1 2026), $4.5 billion (Q4 2025), and $285.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Caseys General Stores 27.84 Bn 27.38 Bn 1.01 Bn 697.64 Mn
2 Williams Sonoma 24.59 Bn 23.57 Bn 1.10 Bn 627.08 Mn
3 Ulta Beauty 20.75 Bn 20.25 Bn 1.48 Bn 1.01 Bn
4 Dick'S Sporting Goods 17.81 Bn 16.45 Bn 1.77 Bn 1.57 Bn
5 Tractor Supply 15.90 Bn 15.67 Bn 1.30 Bn 941.15 Mn
6 Best Buy 15.61 Bn 13.87 Bn 2.10 Bn 1.73 Bn
7 NaaS Technology 14.72 Bn 14.70 Bn - -
8 Five Below 10.27 Bn 9.34 Bn 696.98 Mn 337.11 Mn
9 Murphy USA 10.20 Bn 10.08 Bn 3.98 Bn 279.80 Mn
10 GameStop 9.92 Bn 905.02 Mn 386.80 Mn 241.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 279.80 Mn
Dec 31, 2025 4.53 Bn
Sep 30, 2025 285.90 Mn
Jun 30, 2025 275.20 Mn
Mar 31, 2025 4.44 Bn
Dec 31, 2024 4.51 Bn
Sep 30, 2024 5.02 Bn
Jun 30, 2024 5.23 Bn
Mar 31, 2024 4.74 Bn
Dec 31, 2023 254.20 Mn
Sep 30, 2023 265.60 Mn
Jun 30, 2023 5.39 Bn
Mar 31, 2023 238.30 Mn
Dec 31, 2022 247.10 Mn
Sep 30, 2022 254.50 Mn
Jun 30, 2022 252.20 Mn
Mar 31, 2022 4.90 Bn
Dec 31, 2021 4.61 Bn
Sep 30, 2021 4.44 Bn
Jun 30, 2021 4.27 Bn