Nexstar Media (NXST) Operating Expenses (2011 - 2026)
Nexstar Media's Operating Expenses came in at $1.63 billion for Q2 2026, up 60.5% from $1.02 billion a year earlier and up 44.2% from the prior quarter.
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Analysis
Nexstar Media (NXST) Operating Expenses (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Nexstar Media reported Operating Expenses of $4.83 billion, up 17.0% year-over-year; for FY2025, it was $4.1 billion, down 0.9% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 5.6% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $4.14 billion in FY2024 (-2.0%), $4.23 billion in FY2023 (+8.4%), $3.9 billion in FY2022 (+12.3%) and $3.47 billion in FY2021 (+11.1%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q1 2011.
- Year-over-year, Operating Expenses increased in three of the last eight quarters, with growth averaging 8.4%.
- The fastest year-over-year change in Operating Expenses over five years came in Q2 2026 (growth of 60.5%), and the weakest in Q4 2023 (a decline of 10.1%).
- Business Quant data shows NXST's Operating Expenses at $1.13 billion (Q1 2026), $1.05 billion (Q4 2025) and $1.02 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.37 Bn | 63.04 Bn | 4.10 Bn | 8.48 Bn |
| 2 | Fox | 26.93 Bn | 12.84 Bn | - | 2.38 Bn |
| 3 | Omnicom | 20.34 Bn | 3.04 Bn | 1.30 Bn | 5.64 Bn |
| 4 | News | 15.87 Bn | 8.07 Bn | - | 991.00 Mn |
| 5 | Paramount Skydance | 11.07 Bn | 8.99 Bn | - | - |
| 6 | Pearson | 10.15 Bn | 7.29 Bn | - | - |
| 7 | New York Times | 10.00 Bn | 7.49 Bn | 394.61 Mn | 644.44 Mn |
| 8 | Sirius Xm Holdings | 8.68 Bn | 8.26 Bn | 1.44 Bn | 1.69 Bn |
| 9 | 36Kr Holdings | 5.97 Bn | 5.91 Bn | - | - |
| 10 | Nexstar Media | 4.97 Bn | 3.78 Bn | 1.06 Bn | 1.63 Bn |
Historic Data
Download Data
Historic 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 |
API Access
Nexstar Media 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=NXST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "NXST", "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=NXST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();