PENN Entertainment (PENN) Operating Expenses (2009 - 2026)

PENN Entertainment has disclosed Operating Expenses across 18 years of filings, most recently posting $1.7 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $1.7 billion, up 3.21% year-over-year; the trailing twelve-month figure through Mar 2026 was $7.7 billion (up 18.13% YoY), and the FY2025 annual result was $7.6 billion, up 17.35% from the prior year.
• Operating Expenses came in at $1.7 billion for Q1 2026 at PENN Entertainment, down from $1.8 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $2.5 billion in Q3 2025 to a low of $1.3 billion in Q1 2022.
• The 5-year median for Operating Expenses is $1.6 billion (2024), against an average of $1.7 billion.
• Across the five-year window, Operating Expenses surged 61.65% in 2023 and slumped 34.67% in 2024, its largest moves.
• PENN Entertainment's Operating Expenses stood at $1.3 billion in 2022, then advanced by 26.89% to $1.7 billion in 2023, then rose by 0.78% to $1.7 billion in 2024, then increased by 6.21% to $1.8 billion in 2025, then retreated by 7.77% to $1.7 billion in 2026.
• The last three Operating Expenses figures came in at $1.7 billion (Q1 2026), $1.8 billion (Q4 2025), and $2.5 billion (Q3 2025), per Business Quant data.