TKO Group Holdings (TKO) Operating Expenses (2022 - 2026)
TKO Group Holdings' Operating Expenses was $1.12 billion in Q2 2026, up 18.8% from $940.14 million a year earlier but down 11.2% from the prior quarter.
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Analysis
TKO Group Holdings (TKO) Operating Expenses (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, TKO Group Holdings' Operating Expenses was $4.3 billion through Jun 30, 2026, down 1.1% year-over-year; for FY2025, it was $3.9 billion, down 19.6% from FY2024.
- Operating Expenses shows a four-year compound annual growth rate of 57.1% (FY2021 to FY2025).
- In earlier years, Operating Expenses was $4.85 billion in FY2024 (+70.3%), $2.85 billion in FY2023 (+378.2%), $595.76 million in FY2022 (-7.0%) and $640.81 million in FY2021.
- Quarterly Operating Expenses has moved between $151.63 million (Q4 2022) and $2.17 billion (Q4 2023) over five years.
- Compared with a year earlier, Operating Expenses has increased for three straight quarters, with growth averaging 30.2% over the last eight quarters.
- The best year-over-year quarter for Operating Expenses over five years was Q1 2024 (growth of 769.0%); the worst was Q4 2024 (a decline of 59.8%).
- Per Business Quant data, TKO's Operating Expenses in the three quarters before Q2 2026 was $1.26 billion (Q1 2026), $980.61 million (Q4 2025) and $947.95 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 40.51 Bn | 9.58 Bn | 1.94 Bn | 1.26 Bn |
| 2 | TKO Group Holdings | 34.58 Bn | 31.54 Bn | 990.96 Mn | 1.12 Bn |
| 3 | Liberty Media | 19.43 Bn | 14.75 Bn | 329.00 Mn | 846.00 Mn |
| 4 | Liberty Live Holdings | 8.93 Bn | 6.98 Bn | 30.26 Mn | 148.00 Mn |
| 5 | Madison Square Garden Entertainment | 3.31 Bn | 2.50 Bn | 75.84 Mn | 70.26 Mn |
| 6 | Amc Entertainment Holdings | 2.37 Bn | 456.31 Mn | 1.05 Bn | 1.36 Bn |
| 7 | Emerald Holding | 997.46 Mn | 523.66 Mn | 99.50 Mn | 71.90 Mn |
| 8 | Marcus | 882.04 Mn | 813.63 Mn | 106.56 Mn | 204.68 Mn |
| 9 | Reading International | 41.78 Mn | 12.09 Mn | 14.10 Mn | 59.42 Mn |
| 10 | Nip | 31.30 Mn | -28,742.19 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.12 Bn |
| Mar 31, 2026 | 1.26 Bn |
| Dec 31, 2025 | 980.61 Mn |
| Sep 30, 2025 | 947.95 Mn |
| Jun 30, 2025 | 940.14 Mn |
| Mar 31, 2025 | 1.03 Bn |
| Dec 31, 2024 | 872.88 Mn |
| Sep 30, 2024 | 1.51 Bn |
| Jun 30, 2024 | 1.08 Bn |
| Mar 31, 2024 | 1.40 Bn |
| Dec 31, 2023 | 2.17 Bn |
| Sep 30, 2023 | 355.22 Mn |
| Jun 30, 2023 | 161.32 Mn |
| Mar 31, 2023 | 160.65 Mn |
| Dec 31, 2022 | 151.63 Mn |
| Sep 30, 2022 | 171.06 Mn |
API Access
TKO Group Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=TKO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "TKO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=TKO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();