Sba Communications (SBAC) Operating Expenses (2010 - 2026)
Sba Communications (SBAC) posted Operating Expenses of $363.4 million for Q2 2026, up 0.78% on a QoQ basis from $360.6 million in Q1 2026, and little changed year-over-year from $364.2 million in Q2 2025.
Analysis
Sba Communications (SBAC) Operating Expenses (2010 - 2026) Analysis & Trends
Sba Communications has reported Operating Expenses for 17 years, with the latest figure at $363.4 million in Q2 2026.
- On a quarterly basis, Operating Expenses changed 0.22% year-over-year to $363.4 million in Q2 2026; TTM through Jun 2026 was $1.5 billion, a 15.88% increase from a year earlier, with the FY2025 full-year figure at $1.5 billion, up 18.37% from the prior year.
- Operating Expenses was $363.4 million for Q2 2026 at Sba Communications, up from $360.6 million in the prior quarter.
- The five-year high for Operating Expenses was $465.3 million in Q4 2023, with the low at $292.0 million in Q3 2024.
- Average Operating Expenses over 5 years is $385.3 million, with a median of $383.6 million recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses slumped 33.09% in 2024, then jumped 35.1% in 2025.
- Over 5 years, Operating Expenses stood at $451.4 million in 2022, then climbed by 3.08% to $465.3 million in 2023, then sank by 33.09% to $311.4 million in 2024, then jumped by 35.1% to $420.7 million in 2025, then declined by 13.61% to $363.4 million in 2026.
- The last three Operating Expenses figures came in at $363.4 million (Q2 2026), $360.6 million (Q1 2026), and $420.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 80.54 Bn | 78.77 Bn | 2.72 Bn | 1.48 Bn |
| 2 | Crown Castle | 31.90 Bn | 30.86 Bn | 989.00 Mn | 538.00 Mn |
| 3 | Sba Communications | 19.24 Bn | 19.24 Bn | 539.27 Mn | 363.41 Mn |
| 4 | Array Digital Infrastructure | 3.30 Bn | 2.88 Bn | 30.57 Mn | -345.19 Mn |
| 5 | IHS Holding | 2.84 Bn | 1.77 Bn | 207.10 Mn | -125.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 363.41 Mn |
| Mar 31, 2026 | 360.59 Mn |
| Dec 31, 2025 | 420.66 Mn |
| Sep 30, 2025 | 358.16 Mn |
| Jun 30, 2025 | 364.20 Mn |
| Mar 31, 2025 | 329.34 Mn |
| Dec 31, 2024 | 311.36 Mn |
| Sep 30, 2024 | 292.00 Mn |
| Jun 30, 2024 | 306.01 Mn |
| Mar 31, 2024 | 334.50 Mn |
| Dec 31, 2023 | 465.34 Mn |
| Sep 30, 2023 | 433.94 Mn |
| Jun 30, 2023 | 437.27 Mn |
| Mar 31, 2023 | 451.38 Mn |
| Dec 31, 2022 | 451.43 Mn |
| Sep 30, 2022 | 432.60 Mn |
| Jun 30, 2022 | 421.03 Mn |
| Mar 31, 2022 | 402.99 Mn |
| Dec 31, 2021 | 397.76 Mn |
| Sep 30, 2021 | 377.53 Mn |