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| Date | Value |
|---|---|
| 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 |