Penske Automotive (PAG) Operating Expenses (2009 - 2026)
Penske Automotive (PAG) posted Operating Expenses of $974.0 million for Q2 2026, up 0.87% sequentially from $965.6 million in Q1 2026, and up 3.2% YoY from $943.8 million in Q2 2025.
Penske Automotive (PAG) Operating Expenses (2009 - 2026) Analysis & Trends
Penske Automotive has reported Operating Expenses for 17 years, with the latest figure at $974.0 million in Q2 2026.
- Quarterly Operating Expenses rose 3.2% year-over-year to $974.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $3.9 billion (up 1.84% YoY) and the FY2025 annual result came in at $3.8 billion, up 2.12% from the prior year.
- Operating Expenses improved to $974.0 million in Q2 2026 per PAG's latest filing, from $965.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.0 billion in Q4 2025 and troughed at $792.7 million in Q3 2022.
- A 5-year average of $902.3 million and a median of $886.4 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses advanced 22.28% in 2023, then gained 0.33% in 2025.
- Over 5 years, Operating Expenses stood at $815.5 million in 2022, then rose by 22.28% to $997.2 million in 2023, then grew by 3.61% to $1.0 billion in 2024, then climbed by 0.33% to $1.0 billion in 2025, then decreased by 6.04% to $974.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $974.0 million, $965.6 million, and $1.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 78.09 Bn | 78.08 Bn | - | 1,188.60 |
| 2 | Carvana | 51.77 Bn | 49.02 Bn | 1.38 Bn | 704.00 Mn |
| 3 | Penske Automotive | 14.34 Bn | 14.27 Bn | 1.36 Bn | 974.00 Mn |
| 4 | Lithia Motors | 8.64 Bn | 8.27 Bn | 1.50 Bn | 1.01 Bn |
| 5 | Carmax | 8.34 Bn | 7.75 Bn | 854.41 Mn | 635.18 Mn |
| 6 | Autonation | 7.04 Bn | 6.99 Bn | 1.23 Bn | 856.30 Mn |
| 7 | Autozi Internet Technology (Global) | 6.46 Bn | 6.28 Bn | - | - |
| 8 | Rush Enterprises Inc \Tx\ | 6.32 Bn | 6.06 Bn | 361.67 Mn | 245.47 Mn |
| 9 | Valvoline | 4.27 Bn | 4.18 Bn | 214.90 Mn | 103.10 Mn |
| 10 | Openlane | 4.26 Bn | 4.07 Bn | 248.20 Mn | 487.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 974.00 Mn |
| Mar 31, 2026 | 965.60 Mn |
| Dec 31, 2025 | 1.04 Bn |
| Sep 30, 2025 | 907.50 Mn |
| Jun 30, 2025 | 906.30 Mn |
| Mar 31, 2025 | 951.40 Mn |
| Dec 31, 2024 | 1.03 Bn |
| Sep 30, 2024 | 885.20 Mn |
| Jun 30, 2024 | 887.50 Mn |
| Mar 31, 2024 | 879.80 Mn |
| Dec 31, 2023 | 997.20 Mn |
| Sep 30, 2023 | 853.50 Mn |
| Jun 30, 2023 | 858.10 Mn |
| Mar 31, 2023 | 844.90 Mn |
| Dec 31, 2022 | 815.50 Mn |
| Sep 30, 2022 | 792.70 Mn |
| Jun 30, 2022 | 817.70 Mn |
| Mar 31, 2022 | 797.80 Mn |
| Dec 31, 2021 | 791.10 Mn |
| Sep 30, 2021 | 757.70 Mn |