Murphy USA annual operating expenses
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Murphy USA Operating Expenses Growth & History (MUSA)
Murphy USA's operating expenses was $18.66B for fiscal 2025.
View full Murphy USA company overviewMurphy USA annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $18.66B | −$834.2M | −4.28% |
| 2024 | 2024-12-31 | $19.50B | −$1.21B | −5.82% |
| 2023 | 2023-12-31 | $20.70B | −$1.78B | −7.91% |
| 2022 | 2022-12-31 | $22.48B | $5.72B | +34.14% |
| 2021 | 2021-12-31 | $16.76B | $6.05B | +56.52% |
| 2020 | 2020-12-31 | $10.71B | −$3.06B | −22.23% |
| 2019 | 2019-12-31 | $13.77B | −$320.8M | −2.28% |
| 2018 | 2018-12-31 | $14.09B | $1.55B | +12.34% |
| 2017 | 2017-12-31 | $12.54B | $12.05B | +2441.94% |
| 2016 | 2016-12-31 | $493.3M | −$11.95B | −96.04% |
| 2015 | 2015-12-31 | $12.44B | −$4.18B | −25.13% |
| 2014 | 2014-12-31 | $16.62B | −$932.0M | −5.31% |
| 2013 | 2013-12-31 | $17.55B | −$1.60B | −8.34% |
| 2012 | 2012-12-31 | $19.15B | $542.1M | +2.91% |
| 2011 | 2011-12-31 | $18.61B | — | — |
Murphy USA quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $6.50B | $1.72B | +35.86% |
| Q1 2026 | 2026-03-31 | $4.61B | $177.3M | +4.00% |
| Q4 2025 | 2025-12-31 | $4.53B | $23.2M | +0.51% |
| Q3 2025 | 2025-09-30 | $4.91B | −$108.2M | −2.16% |
| Q2 2025 | 2025-06-30 | $4.79B | −$447.4M | −8.55% |
| Q1 2025 | 2025-03-31 | $4.44B | −$301.8M | −6.37% |
| Q4 2024 | 2024-12-31 | $4.51B | −$343.2M | −7.07% |
| Q3 2024 | 2024-09-30 | $5.02B | −$533.6M | −9.61% |
| Q2 2024 | 2024-06-30 | $5.23B | −$153.6M | −2.85% |
| Q1 2024 | 2024-03-31 | $4.74B | −$175.3M | −3.57% |
| Q4 2023 | 2023-12-31 | $4.85B | −$341.2M | −6.57% |
| Q3 2023 | 2023-09-30 | $5.55B | −$333.0M | −5.66% |
| Q2 2023 | 2023-06-30 | $5.39B | −$1.12B | −17.21% |
| Q1 2023 | 2023-03-31 | $4.91B | $16.5M | +0.34% |
| Q4 2022 | 2022-12-31 | $5.19B | $585.5M | +12.71% |
| Q3 2022 | 2022-09-30 | $5.88B | $1.44B | +32.43% |
| Q2 2022 | 2022-06-30 | $6.51B | $2.24B | +52.53% |
| Q1 2022 | 2022-03-31 | $4.90B | $1.46B | +42.26% |
| Q4 2021 | 2021-12-31 | $4.61B | $1.84B | +66.42% |
| Q3 2021 | 2021-09-30 | $4.44B | $1.70B | +62.21% |
| Q2 2021 | 2021-06-30 | $4.27B | $2.12B | +98.83% |
| Q1 2021 | 2021-03-31 | $3.44B | $388.6M | +12.72% |
| Q4 2020 | 2020-12-31 | $2.77B | −$618.3M | −18.26% |
| Q3 2020 | 2020-09-30 | $2.74B | −$798.4M | −22.57% |
| Q2 2020 | 2020-06-30 | $2.15B | −$1.60B | −42.71% |
| Q1 2020 | 2020-03-31 | $3.05B | −$43.7M | −1.41% |
| Q4 2019 | 2019-12-31 | $3.39B | −$1.6M | −0.05% |
| Q3 2019 | 2019-09-30 | $3.54B | −$180.4M | −4.85% |
| Q2 2019 | 2019-06-30 | $3.74B | −$5.1M | −0.14% |
| Q1 2019 | 2019-03-31 | $3.10B | −$133.7M | −4.14% |
| Q4 2018 | 2018-12-31 | $3.39B | $73.9M | +2.23% |
| Q3 2018 | 2018-09-30 | $3.72B | $599.1M | +19.21% |
| Q2 2018 | 2018-06-30 | $3.75B | $639.9M | +20.58% |
| Q1 2018 | 2018-03-31 | $3.23B | $234.8M | +7.84% |
| Q4 2017 | 2017-12-31 | $3.31B | $923.3M | +38.61% |
| Q3 2017 | 2017-09-30 | $3.12B | $154.9M | +5.23% |
| Q2 2017 | 2017-06-30 | $3.11B | $188.6M | +6.46% |
| Q1 2017 | 2017-03-31 | $3.00B | $565.6M | +23.26% |
| Q4 2016 | 2016-12-31 | $2.39B | −$482.6M | −16.79% |
| Q3 2016 | 2016-09-30 | $2.96B | −$312.7M | −9.54% |
| Q2 2016 | 2016-06-30 | $2.92B | −$494.7M | −14.48% |
| Q1 2016 | 2016-03-31 | $2.43B | −$447.6M | −15.55% |
| Q4 2015 | 2015-12-31 | $2.87B | −$8.97B | −75.73% |
| Q3 2015 | 2015-09-30 | $3.28B | −$1.25B | −27.57% |
| Q2 2015 | 2015-06-30 | $3.42B | $3.28B | +2464.12% |
| Q1 2015 | 2015-03-31 | $2.88B | $2.76B | +2250.44% |
| Q4 2014 | 2014-12-31 | $11.84B | $7.97B | +205.93% |
| Q3 2014 | 2014-09-30 | $4.52B | −$106.7M | −2.31% |
| Q2 2014 | 2014-06-30 | $133.2M | −$4.60B | −97.18% |
| Q1 2014 | 2014-03-31 | $122.5M | −$4.20B | −97.17% |
| Q4 2013 | 2013-12-31 | $3.87B | — | — |
| Q3 2013 | 2013-09-30 | $4.63B | $4.50B | +3339.47% |
| Q2 2013 | 2013-06-30 | $4.73B | — | — |
| Q1 2013 | 2013-03-31 | $4.32B | — | — |
| Q3 2012 | 2012-09-30 | $134.6M | — | — |
Murphy USA operating expenses trends
Over the last five fiscal years, Murphy USA's operating expenses increased from $10.71B to $18.66B, a change of $7.96B. The latest reported quarter, Q2 2026, shows $6.50B.
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 Murphy USA source filings ↗