Shake Shack (SHAK) Operating Expenses (2014 - 2026)

Shake Shack (SHAK) has reported Operating Expenses for 13 consecutive years, with $369.4 million the latest figure, recorded in Q2 2026.

• In Q2 2026, Operating Expenses rose 16.13% year-over-year to $369.4 million; the TTM figure through Apr 2026 stood at $1.4 billion (up 12.29% YoY), while the FY2025 annual figure was $1.4 billion, up 10.66% from the prior year.
• Operating Expenses retreated to $369.4 million in Q2 2026 per SHAK's latest filing, from $381.8 million in the prior quarter.
• Across five years, Operating Expenses topped out at $381.8 million in Q4 2025 and bottomed at $218.3 million in Q1 2022.
• Historically, Operating Expenses has averaged $294.7 million across 5 years, with a median of $290.5 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 32.08% — and 2025, when it gained 4.17%.
• Shake Shack's Operating Expenses stood at $244.8 million in 2022, then grew by 17.44% to $287.5 million in 2023, then increased by 10.76% to $318.5 million in 2024, then grew by 19.88% to $381.8 million in 2025, then fell by 3.25% to $369.4 million in 2026.
• Business Quant data shows SHAK's Operating Expenses at $369.4 million in Q2 2026, $381.8 million in Q4 2025, and $348.9 million in Q3 2025.