Nexstar Media (NXST) Operating Expenses (2011 - 2026)
Nexstar Media's (NXST) quarterly Operating Expenses came in at $1.1 billion in Q1 2026, up 11.54% YoY from $1.0 billion in Q1 2025, and up 8.02% on a QoQ basis from $1.0 billion in Q4 2025.
Nexstar Media (NXST) Operating Expenses (2011 - 2026) Analysis & Trends
Nexstar Media (NXST) has 16 years of Operating Expenses data on file, last reported at $1.1 billion in Q1 2026.
- Quarterly Operating Expenses rose 11.54% year-over-year to $1.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.2 billion (up 1.76% YoY) and the FY2025 annual result came in at $4.1 billion, down 0.94% from the prior year.
- Operating Expenses grew to $1.1 billion in Q1 2026, from $1.0 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.2 billion in Q4 2022 to a low of $881.0 million in Q1 2022.
- A 5-year average of $1.0 billion and a median of $1.0 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses rose 29.52% — and 2023, when it decreased 10.06%.
- Tracing NXST's Operating Expenses over 5 years: stood at $1.2 billion in 2022, then declined by 10.06% to $1.1 billion in 2023, then dropped by 0.28% to $1.1 billion in 2024, then fell by 2.15% to $1.0 billion in 2025, then climbed by 8.02% to $1.1 billion in 2026.
- The last three Operating Expenses figures came in at $1.1 billion (Q1 2026), $1.0 billion (Q4 2025), and $1.0 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nexstar Media | 5.74 Bn | 5.53 Bn | 1.06 Bn | 1.63 Bn |
| 2 | Newsmax | 1.40 Bn | 1.35 Bn | 23.33 Mn | 22.03 Mn |
| 3 | Gray Media | 480.19 Mn | 304.19 Mn | 270.00 Mn | 703.00 Mn |
| 4 | iHeartMedia | 457.30 Mn | 282.86 Mn | 576.68 Mn | 461.62 Mn |
| 5 | FuboTV | 308.81 Mn | -143.61 Mn | 399.10 Mn | 344.01 Mn |
| 6 | E.W. Scripps | 303.44 Mn | 290.39 Mn | 196.33 Mn | 1.65 Bn |
| 7 | CuriosityStream | 174.02 Mn | 125.62 Mn | 16.93 Mn | 14.07 Mn |
| 8 | Mediaco Holding | 80.93 Mn | 79.13 Mn | -1.26 Mn | 38.86 Mn |
| 9 | Saga Communications | 56.13 Mn | 28.29 Mn | 20.50 Mn | 23.44 Mn |
| 10 | Beasley Broadcast | 36.90 Mn | 30.20 Mn | - | 42.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.63 Bn |
| Mar 31, 2026 | 1.13 Bn |
| Dec 31, 2025 | 1.05 Bn |
| Sep 30, 2025 | 1.02 Bn |
| Jun 30, 2025 | 1.02 Bn |
| Mar 31, 2025 | 1.01 Bn |
| Dec 31, 2024 | 1.07 Bn |
| Sep 30, 2024 | 1.03 Bn |
| Jun 30, 2024 | 1.03 Bn |
| Mar 31, 2024 | 1.01 Bn |
| Dec 31, 2023 | 1.07 Bn |
| Sep 30, 2023 | 1.04 Bn |
| Jun 30, 2023 | 1.06 Bn |
| Mar 31, 2023 | 1.05 Bn |
| Dec 31, 2022 | 1.19 Bn |
| Sep 30, 2022 | 913.00 Mn |
| Jun 30, 2022 | 911.00 Mn |
| Mar 31, 2022 | 881.00 Mn |
| Dec 31, 2021 | 921.10 Mn |
| Sep 30, 2021 | 879.60 Mn |