Rackspace Technology (RXT) Operating Expenses (2019 - 2026)
Rackspace Technology's (RXT) quarterly Operating Expenses came in at $148.0 million in Q2 2026, down 4.08% year-over-year from $154.3 million in Q2 2025, and up 8.11% quarter-over-quarter from $136.9 million in Q1 2026.
Analysis
Rackspace Technology (RXT) Operating Expenses (2019 - 2026) Analysis & Trends
Rackspace Technology has disclosed Operating Expenses across 8 years of filings, most recently posting $148.0 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 4.08% year-over-year to $148.0 million; the TTM figure through Jun 2026 stood at $572.4 million (down 11.88% YoY), while the FY2025 annual figure was $607.1 million, down 14.2% from the prior year.
- Operating Expenses came in at $148.0 million for Q2 2026 at Rackspace Technology, up from $136.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $220.0 million in Q2 2022 to a low of $123.7 million in Q4 2025.
- Average Operating Expenses over 5 years is $179.0 million, with a median of $173.4 million recorded in 2023.
- Year-over-year, Operating Expenses advanced 1.17% in 2023 and declined 22.93% in 2025.
- Over 5 years, Operating Expenses stood at $210.3 million in 2022, then dropped by 21.3% to $165.5 million in 2023, then fell by 3.02% to $160.5 million in 2024, then retreated by 22.93% to $123.7 million in 2025, then climbed by 19.64% to $148.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $148.0 million in Q2 2026, $136.9 million in Q1 2026, and $123.7 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 45.80 Bn | 45.80 Bn | 1.60 Bn | 528.00 Mn |
| 2 | Cognizant Technology Solutions | 27.72 Bn | 26.67 Bn | 1.83 Bn | 812.00 Mn |
| 3 | Cgi | 15.78 Bn | 15.20 Bn | - | 12.44 Mn |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | 245.25 Mn |
| 5 | ExlService Holdings | 5.40 Bn | 5.12 Bn | 225.96 Mn | 138.67 Mn |
| 6 | Science Applications International | 5.30 Bn | 5.17 Bn | 239.00 Mn | 87.00 Mn |
| 7 | Kyndryl Holdings | 2.79 Bn | 678.49 Mn | 776.00 Mn | 630.00 Mn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 86.63 Mn |
| 9 | Innodata | 1.87 Bn | 1.62 Bn | 42.46 Mn | 74.59 Mn |
| 10 | Rackspace Technology | 794.94 Mn | 684.34 Mn | 114.80 Mn | 148.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 148.00 Mn |
| Mar 31, 2026 | 136.90 Mn |
| Dec 31, 2025 | 123.70 Mn |
| Sep 30, 2025 | 163.80 Mn |
| Jun 30, 2025 | 154.30 Mn |
| Mar 31, 2025 | 165.30 Mn |
| Dec 31, 2024 | 160.50 Mn |
| Sep 30, 2024 | 169.50 Mn |
| Jun 30, 2024 | 185.20 Mn |
| Mar 31, 2024 | 192.40 Mn |
| Dec 31, 2023 | 165.50 Mn |
| Sep 30, 2023 | 177.30 Mn |
| Jun 30, 2023 | 216.90 Mn |
| Mar 31, 2023 | 207.50 Mn |
| Dec 31, 2022 | 210.30 Mn |
| Sep 30, 2022 | 219.90 Mn |
| Jun 30, 2022 | 220.00 Mn |
| Mar 31, 2022 | 205.10 Mn |
| Dec 31, 2021 | 208.60 Mn |
| Sep 30, 2021 | 234.60 Mn |