Full Truck Alliance (YMM) Operating Expenses (2020 - 2026)
Full Truck Alliance (YMM) posted Operating Expenses of -$279.73 million for Q2 2026, compared with -$294.16 million a year earlier.
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Analysis
Full Truck Alliance (YMM) Operating Expenses (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Full Truck Alliance was -$1.22 billion; for FY2025, it was -$1.2 billion.
- In prior years, Full Truck Alliance's Operating Expenses was -$1.2 billion in FY2024, -$1.05 billion in FY2023, -$1.01 billion in FY2022 and -$1.33 billion in FY2021.
- Quarterly Operating Expenses has run from a low of -$438.11 million in Q4 2021 to a high of -$211.89 million in Q1 2025 over five years.
- According to Business Quant data, Operating Expenses for the three prior quarters was -$269.42 million (Q1 2026), -$310.02 million (Q4 2025) and -$362.87 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 1.51 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | -5.17 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 1.22 Bn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 4.85 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | -5.39 Bn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 429.41 Mn |
| 10 | Full Truck Alliance | 7.68 Bn | -3.01 Bn | - | -279.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Full Truck Alliance 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=YMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "YMM", "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=YMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();