PENN Entertainment annual operating expenses
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PENN Entertainment Operating Expenses Growth & History (PENN)
PENN Entertainment's operating expenses was $7.63B for fiscal 2025.
View full PENN Entertainment company overviewPENN Entertainment annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.63B | $1.13B | +17.35% |
| 2024 | 2024-12-31 | $6.51B | −$547.5M | −7.76% |
| 2023 | 2023-12-31 | $7.05B | $1.63B | +29.95% |
| 2022 | 2022-12-31 | $5.43B | $582.3M | +12.02% |
| 2021 | 2021-12-31 | $4.85B | $856.5M | +21.47% |
| 2020 | 2020-12-31 | $3.99B | −$740.6M | −15.66% |
| 2019 | 2019-12-31 | $4.73B | $1.78B | +60.12% |
| 2018 | 2018-12-31 | $2.95B | $251.5M | +9.31% |
| 2017 | 2017-12-31 | $2.70B | $210.9M | +8.46% |
| 2016 | 2016-12-31 | $2.49B | $120.9M | +5.10% |
| 2015 | 2015-12-31 | $2.37B | $37.2M | +1.59% |
| 2014 | 2014-12-31 | $2.33B | −$868.4M | −27.12% |
| 2013 | 2013-12-31 | $3.20B | $910.4M | +39.73% |
| 2012 | 2012-12-31 | $2.29B | $48.7M | +2.17% |
| 2011 | 2011-12-31 | $2.24B | −$63.2M | −2.74% |
| 2010 | 2010-12-31 | $2.31B | −$258.0M | −10.06% |
| 2009 | 2009-12-31 | $2.56B | $54.4M | +2.17% |
| 2008 | 2008-12-31 | $2.51B | — | — |
PENN Entertainment quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.73B | $38.2M | +2.26% |
| Q1 2026 | 2026-03-31 | $1.68B | $52.3M | +3.21% |
| Q4 2025 | 2025-12-31 | $1.82B | $106.6M | +6.21% |
| Q3 2025 | 2025-09-30 | $2.49B | $922.0M | +58.66% |
| Q2 2025 | 2025-06-30 | $1.69B | $99.0M | +6.23% |
| Q1 2025 | 2025-03-31 | $1.63B | $1.4M | +0.09% |
| Q4 2024 | 2024-12-31 | $1.72B | $13.3M | +0.78% |
| Q3 2024 | 2024-09-30 | $1.57B | −$834.1M | −34.67% |
| Q2 2024 | 2024-06-30 | $1.59B | $119.2M | +8.11% |
| Q1 2024 | 2024-03-31 | $1.63B | $154.1M | +10.45% |
| Q4 2023 | 2023-12-31 | $1.70B | $361.1M | +26.89% |
| Q3 2023 | 2023-09-30 | $2.41B | $917.5M | +61.65% |
| Q2 2023 | 2023-06-30 | $1.47B | $144.8M | +10.93% |
| Q1 2023 | 2023-03-31 | $1.47B | $202.0M | +15.88% |
| Q4 2022 | 2022-12-31 | $1.34B | −$3.7M | −0.27% |
| Q3 2022 | 2022-09-30 | $1.49B | $215.6M | +16.94% |
| Q2 2022 | 2022-06-30 | $1.32B | $156.6M | +13.41% |
| Q1 2022 | 2022-03-31 | $1.27B | $213.8M | +20.20% |
| Q4 2021 | 2021-12-31 | $1.35B | $438.6M | +48.31% |
| Q3 2021 | 2021-09-30 | $1.27B | $339.2M | +36.34% |
| Q2 2021 | 2021-06-30 | $1.17B | $697.0M | +148.01% |
| Q1 2021 | 2021-03-31 | $1.06B | −$618.3M | −36.88% |
| Q4 2020 | 2020-12-31 | $907.8M | −$422.1M | −31.74% |
| Q3 2020 | 2020-09-30 | $933.5M | −$241.2M | −20.53% |
| Q2 2020 | 2020-06-30 | $470.9M | −$653.8M | −58.13% |
| Q1 2020 | 2020-03-31 | $1.68B | $576.5M | +52.40% |
| Q4 2019 | 2019-12-31 | $1.33B | $299.1M | +29.02% |
| Q3 2019 | 2019-09-30 | $1.17B | $540.8M | +85.31% |
| Q2 2019 | 2019-06-30 | $1.12B | $479.5M | +74.33% |
| Q1 2019 | 2019-03-31 | $1.10B | $456.2M | +70.85% |
| Q4 2018 | 2018-12-31 | $1.03B | $288.5M | +38.87% |
| Q3 2018 | 2018-09-30 | $633.9M | −$28.7M | −4.33% |
| Q2 2018 | 2018-06-30 | $645.2M | −$16.3M | −2.47% |
| Q1 2018 | 2018-03-31 | $644.0M | $8.0M | +1.26% |
| Q4 2017 | 2017-12-31 | $742.3M | $113.2M | +17.99% |
| Q3 2017 | 2017-09-30 | $662.6M | $36.3M | +5.79% |
| Q2 2017 | 2017-06-30 | $661.5M | $41.4M | +6.67% |
| Q1 2017 | 2017-03-31 | $635.9M | $20.0M | +3.25% |
| Q4 2016 | 2016-12-31 | $629.1M | −$14.3M | −2.22% |
| Q3 2016 | 2016-09-30 | $626.3M | $29.2M | +4.89% |
| Q2 2016 | 2016-06-30 | $620.1M | $42.5M | +7.36% |
| Q1 2016 | 2016-03-31 | $615.9M | $63.5M | +11.49% |
| Q4 2015 | 2015-12-31 | $643.3M | −$64.7M | −9.13% |
| Q3 2015 | 2015-09-30 | $597.1M | $57.0M | +10.56% |
| Q2 2015 | 2015-06-30 | $577.6M | $30.9M | +5.66% |
| Q1 2015 | 2015-03-31 | $552.4M | $13.9M | +2.58% |
| Q4 2014 | 2014-12-31 | $708.0M | −$493.2M | −41.06% |
| Q3 2014 | 2014-09-30 | $540.1M | −$81.1M | −13.05% |
| Q2 2014 | 2014-06-30 | $546.7M | −$167.8M | −23.49% |
| Q1 2014 | 2014-03-31 | $538.6M | −$126.4M | −19.00% |
| Q4 2013 | 2013-12-31 | $1.20B | $696.2M | +137.85% |
| Q3 2013 | 2013-09-30 | $621.2M | $12.8M | +2.10% |
| Q2 2013 | 2013-06-30 | $714.5M | $130.0M | +22.23% |
| Q1 2013 | 2013-03-31 | $664.9M | $71.5M | +12.05% |
| Q4 2012 | 2012-12-31 | $505.0M | −$65.5M | −11.48% |
| Q3 2012 | 2012-09-30 | $608.4M | $27.8M | +4.79% |
| Q2 2012 | 2012-06-30 | $584.5M | $37.2M | +6.81% |
| Q1 2012 | 2012-03-31 | $593.4M | $49.2M | +9.03% |
| Q4 2011 | 2011-12-31 | $570.5M | −$161.0M | −22.01% |
| Q3 2011 | 2011-09-30 | $580.6M | $52.8M | +10.00% |
| Q2 2011 | 2011-06-30 | $547.3M | $687,000 | +0.13% |
| Q1 2011 | 2011-03-31 | $544.3M | $44.3M | +8.86% |
| Q4 2010 | 2010-12-31 | $731.5M | — | — |
| Q3 2010 | 2010-09-30 | $527.8M | −$5.2M | −0.98% |
| Q2 2010 | 2010-06-30 | $546.6M | $42.5M | +8.43% |
| Q1 2010 | 2010-03-31 | $500.0M | — | — |
| Q3 2009 | 2009-09-30 | $533.0M | — | — |
| Q2 2009 | 2009-06-30 | $504.1M | — | — |
PENN Entertainment operating expenses trends
Over the last five fiscal years, PENN Entertainment's operating expenses increased from $3.99B to $7.63B, a change of $3.65B. The latest reported quarter, Q2 2026, shows $1.73B.
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 PENN Entertainment source filings ↗