U S Physical Therapy (USPH) Operating Expenses (2010 - 2026)

U S Physical Therapy's Operating Expenses history runs 17 years deep, the most recent figure standing at $165.5 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 8.39% year-over-year to $165.5 million; the TTM figure through Mar 2026 stood at $644.1 million (up 12.43% YoY), while the FY2025 annual figure was $631.3 million, up 15.32% from the prior year.
• Operating Expenses came in at $165.5 million for Q1 2026 at U S Physical Therapy, up from $162.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $165.5 million in Q1 2026 to a low of $105.1 million in Q1 2022.
• A 5-year average of $133.5 million and a median of $127.3 million in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses climbed 21.56% in 2022 and grew 8.18% in 2024, its largest moves.
• U S Physical Therapy's Operating Expenses stood at $113.4 million in 2022, then climbed by 9.65% to $124.3 million in 2023, then grew by 19.02% to $147.9 million in 2024, then increased by 9.92% to $162.6 million in 2025, then grew by 1.81% to $165.5 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $165.5 million, $162.6 million, and $160.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison