MediaAlpha annual operating expenses
2018
2019
2020
2021
2022
2023
2024
2025
MediaAlpha Operating Expenses Growth & History (MAX)
MediaAlpha's operating expenses was $1.09B for fiscal 2025.
View full MediaAlpha company overviewMediaAlpha annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.09B | $269.5M | +32.79% |
| 2024 | 2024-12-31 | $822.0M | $393.9M | +92.02% |
| 2023 | 2023-12-31 | $428.1M | −$66.4M | −13.43% |
| 2022 | 2022-12-31 | $494.5M | −$148.7M | −23.12% |
| 2021 | 2021-12-31 | $643.1M | $77.8M | +13.77% |
| 2020 | 2020-12-31 | $565.3M | $182.1M | +47.53% |
| 2019 | 2019-12-31 | $383.2M | $105.6M | +38.03% |
| 2018 | 2018-12-31 | $277.6M | — | — |
MediaAlpha quarterly operating expenses
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $296.9M | $25.2M | +9.29% |
| Q1 2026 | 2026-03-31 | $287.6M | $23.4M | +8.87% |
| Q4 2025 | 2025-12-31 | $268.8M | −$13.6M | −4.80% |
| Q3 2025 | 2025-09-30 | $286.8M | $43.3M | +17.76% |
| Q2 2025 | 2025-06-30 | $271.7M | $99.9M | +58.15% |
| Q1 2025 | 2025-03-31 | $264.2M | $139.9M | +112.58% |
| Q4 2024 | 2024-12-31 | $282.4M | $165.7M | +141.93% |
| Q3 2024 | 2024-09-30 | $243.5M | $154.2M | +172.64% |
| Q2 2024 | 2024-06-30 | $171.8M | $70.9M | +70.34% |
| Q1 2024 | 2024-03-31 | $124.3M | $3.1M | +2.56% |
| Q4 2023 | 2023-12-31 | $116.7M | −$13.8M | −10.58% |
| Q3 2023 | 2023-09-30 | $89.3M | −$10.3M | −10.31% |
| Q2 2023 | 2023-06-30 | $100.8M | −$13.0M | −11.43% |
| Q1 2023 | 2023-03-31 | $121.2M | −$29.3M | −19.47% |
| Q4 2022 | 2022-12-31 | $130.5M | −$32.7M | −20.02% |
| Q3 2022 | 2022-09-30 | $99.6M | −$53.2M | −34.83% |
| Q2 2022 | 2022-06-30 | $113.9M | −$41.6M | −26.76% |
| Q1 2022 | 2022-03-31 | $150.5M | −$21.2M | −12.34% |
| Q4 2021 | 2021-12-31 | $163.2M | $125.6M | +334.20% |
| Q3 2021 | 2021-09-30 | $152.8M | $122.2M | +399.60% |
| Q2 2021 | 2021-06-30 | $155.5M | $43.5M | +38.88% |
| Q1 2021 | 2021-03-31 | $171.6M | $62.7M | +57.62% |
| Q4 2020 | 2020-12-31 | $37.6M | — | — |
| Q3 2020 | 2020-09-30 | $30.6M | — | — |
| Q2 2020 | 2020-06-30 | $111.9M | — | — |
| Q1 2020 | 2020-03-31 | $108.9M | — | — |
MediaAlpha operating expenses trends
Over the last five fiscal years, MediaAlpha's operating expenses increased from $565.3M to $1.09B, a change of $526.2M. The latest reported quarter, Q2 2026, shows $296.9M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review MediaAlpha source filings ↗