Nexstar Media (NXST) Operating Expenses (2011 - 2026)
Nexstar Media's (NXST) quarterly Operating Expenses came in at $1.6 billion in Q2 2026, up 60.53% on a YoY basis from $1.0 billion in Q2 2025, and up 44.21% quarter-over-quarter from $1.1 billion in Q1 2026.
Analysis
Nexstar Media (NXST) Operating Expenses (2011 - 2026) Analysis & Trends
Nexstar Media (NXST) has reported Operating Expenses for 16 consecutive years, with $1.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 60.53% year-over-year to $1.6 billion; the trailing twelve-month figure through Jun 2026 stood at $4.8 billion (up 16.97% YoY), and the FY2025 full-year result was $4.1 billion, down 0.94% from the prior year.
- Operating Expenses advanced to $1.6 billion in Q2 2026 per NXST's latest filing, from $1.1 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.6 billion in Q2 2026 and bottomed at $881.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $1.1 billion across 5 years, with a median of $1.0 billion in 2023.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses slipped 10.06% in 2023, then soared 60.53% in 2026.
- Over 5 years, Operating Expenses stood at $1.2 billion in 2022, then retreated by 10.06% to $1.1 billion in 2023, then fell by 0.28% to $1.1 billion in 2024, then decreased by 2.15% to $1.0 billion in 2025, then soared by 55.78% to $1.6 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.6 billion, $1.1 billion, and $1.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 70.20 Bn | 66.83 Bn | 4.10 Bn | 8.48 Bn |
| 2 | Fox | 24.58 Bn | 20.37 Bn | - | 2.38 Bn |
| 3 | Paramount Skydance | 11.36 Bn | 8.09 Bn | -2.08 Bn | -4.64 Bn |
| 4 | Versant Media | 5.24 Bn | 3.76 Bn | 994.00 Mn | 1.28 Bn |
| 5 | Nexstar Media | 5.04 Bn | 4.82 Bn | 1.06 Bn | 1.63 Bn |
| 6 | Newsmax | 1.37 Bn | 1.32 Bn | 23.33 Mn | 22.03 Mn |
| 7 | AMC Global Media | 497.91 Mn | 33.91 Mn | 258.71 Mn | 531.64 Mn |
| 8 | Gray Media | 466.48 Mn | 290.48 Mn | 270.00 Mn | 703.00 Mn |
| 9 | Starz Entertainment | 423.11 Mn | 321.01 Mn | - | - |
| 10 | E.W. Scripps | 289.16 Mn | 276.12 Mn | 196.33 Mn | 1.65 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 |