Navan (NAVN) Operating Expenses (2024 - 2026)
Navan (NAVN) recorded Operating Expenses of $200.21 million in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 45.8% from $137.29 million a year earlier and up 10.5% from the prior quarter.
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Analysis
Navan (NAVN) Operating Expenses (2024 - 2026) Analysis & Trends
On a TTM basis, Navan's Operating Expenses came in at $813.74 million as of Jul 31, 2026, up 58.6% year-over-year; for FY2026 (ended Jan 31, 2026), it was $697.35 million, up 46.9% from FY2025.
- Across earlier fiscal years, Operating Expenses came in at $474.66 million in FY2025 (-2.3%) and $485.98 million in FY2024.
- Quarterly Operating Expenses has ranged from $122.05 million in fiscal Q4 2025 to $217.09 million in fiscal Q3 2026 over the past five years.
- On a year-over-year basis, Operating Expenses has increased for four consecutive quarters, with growth averaging 59.1% over the last four quarters.
- Per Business Quant, the preceding three fiscal quarters came in at $181.16 million (Q1 2027), $215.28 million (Q4 2026) and $217.09 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 449.46 Bn | 418.52 Bn | 1.64 Bn | 726.59 Mn |
| 2 | Oracle | 415.29 Bn | 287.84 Bn | - | 12.62 Bn |
| 3 | Sap Se | 256.30 Bn | 177.39 Bn | 8.40 Bn | -8.41 Bn |
| 4 | Salesforce | 188.94 Bn | 144.82 Bn | 8.70 Bn | 6.37 Bn |
| 5 | ServiceNow | 138.57 Bn | 117.03 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Automatic Data Processing | 102.66 Bn | 84.78 Bn | 2.51 Bn | 4.34 Bn |
| 7 | Intuit | 74.00 Bn | 53.35 Bn | 3.44 Bn | 3.88 Bn |
| 8 | Relx | 60.34 Bn | 57.31 Bn | - | - |
| 9 | Strategy | 53.88 Bn | 46.87 Bn | 81.55 Mn | 8.41 Bn |
| 10 | Navan | 5.46 Bn | 2.41 Bn | 172.47 Mn | 200.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 200.21 Mn |
| Apr 30, 2026 | 181.16 Mn |
| Jan 31, 2026 | 215.28 Mn |
| Oct 31, 2025 | 217.09 Mn |
| Jul 31, 2025 | 137.29 Mn |
| Apr 30, 2025 | 127.69 Mn |
| Jan 31, 2025 | 122.05 Mn |
| Oct 31, 2024 | 126.05 Mn |
API Access
Navan 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=NAVN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "NAVN", "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=NAVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();