Full Truck Alliance YMM
NYSE YMM
$8.65 +0.06 (+0.70%)
At close: Sep 4, 2026 · 4:00 PM EDT

Full Truck Alliance (YMM) Operating Expenses (2020 - 2026)

Full Truck Alliance's (YMM) quarterly Operating Expenses came in at -$279.7 million in Q2 2026, up 4.9% year-over-year from -$266.7 million in Q2 2025, and down 3.83% quarter-over-quarter from -$269.4 million in Q1 2026.

Analysis

Full Truck Alliance (YMM) Operating Expenses (2020 - 2026) Analysis & Trends

Full Truck Alliance has disclosed Operating Expenses across 7 years of filings, most recently posting -$279.7 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 4.9% year-over-year to -$279.7 million; the TTM figure through Jun 2026 stood at -$1.2 billion (down 6.17% YoY), while the FY2025 annual figure was -$1.2 billion, changed 0.27% from the prior year.
  • Operating Expenses came in at -$279.7 million for Q2 2026 at Full Truck Alliance, down from -$269.4 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$211.9 million in Q1 2025 to a low of -$362.9 million in Q3 2025.
  • Average Operating Expenses over 5 years is -$279.1 million, with a median of -$278.6 million recorded in 2023.
  • The largest YoY upside for Operating Expenses was 47.52% in 2022 against a maximum downside of 53.17% in 2022.
  • Over 5 years, Operating Expenses stood at -$282.0 million in 2022, then retreated by 7.99% to -$304.5 million in 2023, then retreated by 5.48% to -$321.2 million in 2024, then grew by 3.49% to -$310.0 million in 2025, then increased by 9.77% to -$279.7 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$279.7 million in Q2 2026, -$269.4 million in Q1 2026, and -$310.0 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alibaba Group Holding 262.96 Bn 227.70 Bn 15.11 Bn -8.86 Bn
2 Booking Holdings 145.23 Bn 128.02 Bn 4.98 Bn 4.85 Bn
3 PDD Holdings 117.02 Bn 86.74 Bn 9.45 Bn -5.39 Bn
4 Airbnb 107.34 Bn 95.28 Bn 2.98 Bn 2.85 Bn
5 Mercadolibre 100.30 Bn 85.10 Bn 4.16 Bn 3.48 Bn
6 Ebay 46.02 Bn 42.71 Bn 2.30 Bn 1.63 Bn
7 Expedia 34.12 Bn 26.99 Bn 3.91 Bn 2.55 Bn
8 Maplebear 11.90 Bn 11.05 Bn 751.00 Mn 608.00 Mn
9 Full Truck Alliance 8.08 Bn 7.12 Bn - -279.73 Mn
10 Etsy 7.07 Bn 5.94 Bn 484.05 Mn 358.78 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -279.73 Mn
Mar 31, 2026 -269.42 Mn
Dec 31, 2025 -310.02 Mn
Sep 30, 2025 -362.87 Mn
Jun 30, 2025 -294.16 Mn
Mar 31, 2025 -211.89 Mn
Dec 31, 2024 -321.23 Mn
Sep 30, 2024 -323.71 Mn
Jun 30, 2024 -303.66 Mn
Mar 31, 2024 -272.09 Mn
Dec 31, 2023 -304.55 Mn
Sep 30, 2023 -277.41 Mn
Jun 30, 2023 -239.07 Mn
Mar 31, 2023 -226.76 Mn
Dec 31, 2022 -282.03 Mn
Sep 30, 2022 -234.67 Mn
Jun 30, 2022 -257.29 Mn
Mar 31, 2022 -253.23 Mn
Dec 31, 2021 -438.11 Mn
Sep 30, 2021 -224.51 Mn