Upbound (UPBD) Operating Expenses (2009 - 2026)

Upbound's (UPBD) quarterly Operating Expenses came in at $509.0 million in Q1 2026, up 4.41% year-on-year from $487.5 million in Q1 2025, and down 3.86% on a QoQ basis from $529.4 million in Q4 2025.

Upbound (UPBD) Operating Expenses (2009 - 2026) Analysis & Trends

Upbound (UPBD) has 18 years of Operating Expenses data on file, last reported at $509.0 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 4.41% year-over-year to $509.0 million in Q1 2026; TTM through Mar 2026 was $2.1 billion, a 14.43% increase from a year earlier, with the FY2025 full-year figure at $2.0 billion, up 14.52% from the prior year.
  • Operating Expenses for Q1 2026 stood at $509.0 million, down from $529.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for UPBD reached as high as $541.4 million in Q1 2023 and fell as low as $422.2 million in Q2 2023.
  • Historically, Operating Expenses has averaged $478.6 million across 5 years, with a median of $468.5 million in 2022.
  • Across the five-year window, Operating Expenses dropped 14.75% in 2022 and increased 23.39% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $453.0 million in 2022, then rose by 0.81% to $456.7 million in 2023, then slipped by 6.05% to $429.1 million in 2024, then increased by 23.39% to $529.4 million in 2025, then slipped by 3.86% to $509.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $509.0 million in Q1 2026, $529.4 million in Q4 2025, and $510.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Upbound 1.21 Bn 1.11 Bn 586.46 Mn 509.02 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 509.02 Mn
Dec 31, 2025 529.43 Mn
Sep 30, 2025 510.32 Mn
Jun 30, 2025 521.09 Mn
Mar 31, 2025 487.51 Mn
Dec 31, 2024 429.08 Mn
Sep 30, 2024 441.03 Mn
Jun 30, 2024 451.30 Mn
Mar 31, 2024 467.31 Mn
Dec 31, 2023 456.71 Mn
Sep 30, 2023 439.11 Mn
Jun 30, 2023 422.20 Mn
Mar 31, 2023 541.38 Mn
Dec 31, 2022 453.02 Mn
Sep 30, 2022 468.46 Mn
Jun 30, 2022 474.46 Mn
Mar 31, 2022 535.05 Mn
Dec 31, 2021 531.43 Mn
Sep 30, 2021 501.61 Mn
Jun 30, 2021 480.95 Mn