TrueBlue (TBI) Operating Expenses (2009 - 2026)
TrueBlue (TBI) posted quarterly Operating Expenses of $87.3 million for Q1 2026, down 7.74% year-over-year from $94.6 million in Q1 2025, and down 8.05% quarter-over-quarter from $94.9 million in Q4 2025.
TrueBlue (TBI) Operating Expenses (2009 - 2026) Analysis & Trends
TrueBlue (TBI) has reported Operating Expenses for 18 consecutive years, with $87.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 7.74% year-over-year to $87.3 million; the TTM figure through Mar 2026 stood at $363.8 million (down 8.73% YoY), while the FY2025 annual figure was $371.1 million, down 9.68% from the prior year.
- Operating Expenses retreated to $87.3 million in Q1 2026 per TBI's latest filing, from $94.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $133.7 million in Q4 2022 and bottomed at $87.3 million in Q1 2026.
- Historically, Operating Expenses has averaged $109.7 million across 5 years, with a median of $106.9 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses increased 23.79% — and 2024, when it fell 20.01%.
- TrueBlue's Operating Expenses stood at $133.7 million in 2022, then decreased by 2.82% to $130.0 million in 2023, then retreated by 17.71% to $106.9 million in 2024, then dropped by 11.22% to $94.9 million in 2025, then fell by 8.05% to $87.3 million in 2026.
- Business Quant data shows TBI's Operating Expenses at $87.3 million in Q1 2026, $94.9 million in Q4 2025, and $91.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 4.56 Bn | 4.24 Bn | 474.03 Mn | 536.33 Mn |
| 2 | Korn Ferry | 4.40 Bn | 3.26 Bn | 685.99 Mn | 666.73 Mn |
| 3 | Trinet | 3.21 Bn | 1.33 Bn | - | 1.10 Bn |
| 4 | ManpowerGroup | 2.90 Bn | 2.72 Bn | 780.30 Mn | 668.30 Mn |
| 5 | Insperity | 2.01 Bn | 1.39 Bn | 217.00 Mn | 211.00 Mn |
| 6 | Kforce | 979.46 Mn | 979.13 Mn | 99.45 Mn | 79.41 Mn |
| 7 | Barrett Business Services | 816.63 Mn | 717.24 Mn | 64.85 Mn | 47.19 Mn |
| 8 | Kelly Services | 587.64 Mn | 563.44 Mn | 212.00 Mn | 195.90 Mn |
| 9 | TrueBlue | 321.48 Mn | 298.22 Mn | 91.58 Mn | 83.83 Mn |
| 10 | HireQuest | 233.12 Mn | 231.48 Mn | - | 1.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 83.83 Mn |
| Mar 29, 2026 | 87.30 Mn |
| Dec 28, 2025 | 94.94 Mn |
| Sep 28, 2025 | 91.73 Mn |
| Jun 29, 2025 | 89.80 Mn |
| Mar 30, 2025 | 94.62 Mn |
| Dec 29, 2024 | 106.94 Mn |
| Sep 29, 2024 | 99.97 Mn |
| Jun 30, 2024 | 97.02 Mn |
| Mar 31, 2024 | 106.94 Mn |
| Dec 31, 2023 | 129.96 Mn |
| Sep 24, 2023 | 120.72 Mn |
| Jun 25, 2023 | 121.28 Mn |
| Mar 26, 2023 | 122.65 Mn |
| Dec 25, 2022 | 133.73 Mn |
| Sep 25, 2022 | 124.35 Mn |
| Jun 26, 2022 | 122.03 Mn |
| Mar 27, 2022 | 120.57 Mn |
| Dec 26, 2021 | 137.67 Mn |
| Sep 26, 2021 | 118.75 Mn |