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Shake Shack (SHAK) Operating Expenses (2016 - 2025)

Shake Shack (SHAK) has disclosed Operating Expenses for 12 consecutive years, with $381.8 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 19.88% to $381.8 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $1.4 billion through Dec 2025, up 10.66% year-over-year, with the annual reading at $1.4 billion for FY2025, 10.66% up from the prior year.
  • Operating Expenses for Q4 2025 was $381.8 million at Shake Shack, up from $348.9 million in the prior quarter.
  • The five-year high for Operating Expenses was $381.8 million in Q4 2025, with the low at $165.3 million in Q1 2021.
  • Average Operating Expenses over 5 years is $269.9 million, with a median of $268.8 million recorded in 2023.
  • The sharpest move saw Operating Expenses surged 58.94% in 2021, then increased 4.17% in 2025.
  • Over 5 years, Operating Expenses stood at $209.7 million in 2021, then increased by 16.73% to $244.8 million in 2022, then increased by 17.44% to $287.5 million in 2023, then rose by 10.76% to $318.5 million in 2024, then increased by 19.88% to $381.8 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $381.8 million, $348.9 million, and $334.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.