Penske Automotive (PAG) Operating Expenses (2009 - 2026)
Penske Automotive's (PAG) quarterly Operating Expenses came in at $1.0 billion in Q1 2026, up 1.85% year-on-year from $992.0 million in Q1 2025, and down 6.79% quarter-over-quarter from $1.1 billion in Q4 2025.
Penske Automotive (PAG) Operating Expenses (2009 - 2026) Analysis & Trends
Penske Automotive has disclosed Operating Expenses across 17 years of filings, most recently posting $1.0 billion for Q1 2026.
- Operating Expenses for Q1 2026 came in at $1.0 billion, up 1.85% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.0 billion (up 1.83% YoY), and the FY2025 annual result was $3.9 billion, up 2.32% from the prior year.
- Operating Expenses came in at $1.0 billion for Q1 2026 at Penske Automotive, down from $1.1 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.1 billion in Q4 2025 to a low of $824.2 million in Q3 2022.
- The 5-year median for Operating Expenses is $925.8 million (2024), against an average of $934.2 million.
- Across the five-year window, Operating Expenses increased 22.39% in 2023 and rose 0.6% in 2025, its largest moves.
- Penske Automotive's Operating Expenses stood at $847.7 million in 2022, then gained by 22.39% to $1.0 billion in 2023, then climbed by 3.86% to $1.1 billion in 2024, then climbed by 0.6% to $1.1 billion in 2025, then slipped by 6.79% to $1.0 billion in 2026.
- The last three Operating Expenses figures came in at $1.0 billion (Q1 2026), $1.1 billion (Q4 2025), and $950.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 18.05 Bn | 18.09 Bn | 11.57 Mn | -21.22 Mn |
| 2 | Carvana | 9.49 Bn | 7.89 Bn | 1.27 Bn | 690.00 Mn |
| 3 | Carmax | 6.94 Bn | 6.35 Bn | 605.26 Mn | 611.31 Mn |
| 4 | Lithia Motors | 6.76 Bn | 6.78 Bn | 1.42 Bn | 1.04 Bn |
| 5 | Autonation | 6.51 Bn | 6.45 Bn | 1.21 Bn | 842.20 Mn |
| 6 | Rush Enterprises Inc \Tx\ | 5.19 Bn | 4.97 Bn | 343.80 Mn | 242.63 Mn |
| 7 | Valvoline | 4.57 Bn | 4.48 Bn | 187.00 Mn | 98.70 Mn |
| 8 | Openlane | 3.88 Bn | 3.84 Bn | 256.20 Mn | 454.10 Mn |
| 9 | Group 1 Automotive | 3.69 Bn | 3.65 Bn | 877.90 Mn | 601.60 Mn |
| 10 | Penske Automotive | - | - | 1.30 Bn | 1.01 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.01 Bn |
| Dec 31, 2025 | 1.08 Bn |
| Sep 30, 2025 | 950.40 Mn |
| Jun 30, 2025 | 948.40 Mn |
| Mar 31, 2025 | 992.00 Mn |
| Dec 31, 2024 | 1.08 Bn |
| Sep 30, 2024 | 925.80 Mn |
| Jun 30, 2024 | 926.10 Mn |
| Mar 31, 2024 | 917.60 Mn |
| Dec 31, 2023 | 1.04 Bn |
| Sep 30, 2023 | 888.90 Mn |
| Jun 30, 2023 | 892.20 Mn |
| Mar 31, 2023 | 878.80 Mn |
| Dec 31, 2022 | 847.70 Mn |
| Sep 30, 2022 | 824.20 Mn |
| Jun 30, 2022 | 849.40 Mn |
| Mar 31, 2022 | 829.70 Mn |
| Dec 31, 2021 | 822.90 Mn |
| Sep 30, 2021 | 787.90 Mn |
| Jun 30, 2021 | 780.00 Mn |