Cash Flow Statement
Growth Metrics

V F (VFC) Operating Expenses (2009 - 2026)

V F recorded quarterly Operating Expenses of $2.1 billion in Q1 2026, down 18.64% quarter-over-quarter from $2.6 billion in Q4 2025, and down 5.06% year-over-year from $2.2 billion in Q1 2025.

V F's Operating Expenses history runs 18 years deep, the most recent figure standing at $2.1 billion for Q1 2026.

  • In Q1 2026, Operating Expenses fell 5.06% year-over-year to $2.1 billion; the TTM figure through Mar 2026 stood at $9.0 billion (down 1.87% YoY), while the FY2026 annual figure was $9.0 billion, down 1.87% from the prior year.
  • Operating Expenses came in at $2.1 billion for Q1 2026 at V F, down from $2.6 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $3.2 billion in Q4 2022 to a low of $1.7 billion in Q2 2023.
  • A 5-year average of $2.4 billion and a median of $2.5 billion in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses plunged 35.18% in 2023 and soared 53.59% in 2024, its largest moves.
  • V F's Operating Expenses stood at $3.0 billion in 2022, then decreased by 4.75% to $2.9 billion in 2023, then retreated by 9.17% to $2.6 billion in 2024, then retreated by 0.82% to $2.6 billion in 2025, then fell by 18.64% to $2.1 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $2.1 billion, $2.6 billion, and $2.5 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ralph Lauren 22.42 Bn 20.35 Bn 1.38 Bn 1.19 Bn
2 Levi Strauss 9.03 Bn 8.22 Bn 1.08 Bn 879.60 Mn
3 V F 6.53 Bn 6.32 Bn 1.22 Bn 2.10 Bn
4 Pvh 4.49 Bn 3.79 Bn 1.44 Bn 1.22 Bn
5 Kontoor Brands 3.96 Bn 3.85 Bn 470.76 Mn 896.96 Mn
6 Columbia Sportswear 3.46 Bn 2.93 Bn 394.96 Mn 357.14 Mn
7 Under Armour 2.29 Bn 1.38 Bn 492.04 Mn 517.73 Mn
8 Figs 1.95 Bn 1.68 Bn 108.30 Mn 103.82 Mn
9 G Iii Apparel 1.38 Bn 969.37 Mn 285.48 Mn 70.31 Mn
10 Canada Goose Holdings 710.16 Mn 412.34 Mn -268.86 Mn -182.98 Mn

Historic Data

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DateValue
Mar 28, 2026 2.10 Bn
Dec 27, 2025 2.59 Bn
Sep 27, 2025 2.49 Bn
Jun 28, 2025 1.85 Bn
Mar 29, 2025 2.22 Bn
Dec 28, 2024 2.61 Bn
Sep 28, 2024 2.48 Bn
Jun 29, 2024 1.89 Bn
Mar 30, 2024 2.62 Bn
Dec 30, 2023 2.87 Bn
Sep 30, 2023 2.57 Bn
Jul 1, 2023 2.10 Bn
Apr 1, 2023 1.71 Bn
Dec 31, 2022 3.01 Bn
Oct 1, 2022 3.17 Bn
Jul 2, 2022 2.20 Bn
Apr 2, 2022 2.63 Bn
Jan 1, 2022 2.95 Bn
Oct 2, 2021 2.64 Bn
Jul 3, 2021 1.99 Bn
Apr 3, 2021 2.46 Bn
Dec 26, 2020 2.56 Bn
Sep 26, 2020 2.29 Bn
Jun 27, 2020 1.32 Bn
Mar 28, 2020 2.36 Bn
Dec 28, 2019 2.62 Bn
Sep 28, 2019 2.63 Bn
Jun 29, 2019 1.95 Bn
Sep 29, 2018 2.67 Bn
Jun 30, 2018 2.02 Bn
Dec 30, 2017 3.16 Bn
Sep 30, 2017 2.82 Bn
Jul 1, 2017 2.11 Bn
Apr 1, 2017 2.29 Bn
Dec 31, 2016 2.40 Bn
Oct 1, 2016 2.72 Bn
Jul 2, 2016 2.13 Bn
Apr 2, 2016 2.32 Bn
Jan 2, 2016 1.90 Bn
Oct 3, 2015 2.89 Bn
Jul 4, 2015 2.21 Bn
Apr 4, 2015 2.44 Bn
Sep 27, 2014 2.89 Bn
Jun 28, 2014 2.18 Bn
Mar 29, 2014 2.38 Bn
Dec 28, 2013 2.78 Bn
Sep 28, 2013 2.72 Bn
Jun 29, 2013 2.02 Bn
Mar 30, 2013 2.25 Bn
Dec 29, 2012 2.58 Bn
Sep 29, 2012 2.61 Bn
Jun 30, 2012 1.98 Bn
Mar 31, 2012 2.24 Bn
Dec 31, 2011 2.56 Bn
Oct 1, 2011 2.32 Bn
Jun 30, 2011 1.65 Bn
Apr 2, 2011 1.68 Bn
Jan 1, 2011 2.18 Bn
Oct 2, 2010 1.88 Bn
Jul 3, 2010 1.42 Bn
Apr 3, 2010 1.53 Bn
Oct 3, 2009 1.78 Bn
Jul 4, 2009 1.37 Bn
Apr 4, 2009 1.56 Bn
Jan 3, 2009 1.73 Bn