ADDDF (adidas AG) Total Operating Expense: $12,588 Mil (TTM As of Mar. 2026)


ADDDF adidas AG ADDDF
86 GF Score
Price $196.88
GF Value $231.78
Valuation Modestly Undervalued
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What is adidas AG Total Operating Expense?

adidas AG ADDDF 86 Total Operating Expense is $12,588 Mil as of Mar. 2026. GuruFocus rates ADDDF with a GF Score™ of 86/100 and a GF Value™ of $231.78 (Modestly Undervalued).

adidas AG's Total Operating Expense for the three months ended in Mar. 2026 was $3,079 Mil. adidas AG's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $12,588 Mil.

adidas AG Total Operating Expense Related Terms

adidas AG Total Operating Expense Historical Data

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The historical data trend for adidas AG's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

adidas AG Total Operating Expense Chart

adidas AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9,916.38 10,503.18 10,800.44 11,239.79 12,580.80

adidas AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,806.49 2,918.11 3,167.84 3,423.89 3,078.61
ADDDF
86GF Score
adidas AG ADDDF
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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adidas AG Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $12,588 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $12,588 Mil mean?
adidas AG (ADDDF) has a Total Operating Expense of $12,588 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on adidas AG and its competitors.
Is adidas AG's Total Operating Expense too high?
adidas AG's current Total Operating Expense is $12,588 Mil. Overall, adidas AG has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does adidas AG's Total Operating Expense compare to NKE and DECK?
adidas AG's Total Operating Expense of $12,588 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Manufacturing - Apparel & Accessories company?
A good Total Operating Expense depends on the Manufacturing - Apparel & Accessories industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on adidas AG and its competitors. adidas AG's current Total Operating Expense is $12,588 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is adidas AG stock overvalued right now?
Based on GuruFocus' analysis, adidas AG (ADDDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $231.78, compared to a current price of $196.88 — trading 15.1% below its estimated fair value. The current Total Operating Expense is $12,588 Mil. adidas AG's overall GF Score™ is 86/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For adidas AG (ADDDF), the current Total Operating Expense is $12,588 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is adidas AG (ADDDF) Overvalued in 2026?

Based on GuruFocus' analysis, adidas AG stock appears to be undervalued. The current stock price of $196.88 is trading 15.1% below its estimated GF Value™ of $231.78. GuruFocus considers adidas AG to be Modestly Undervalued.

Key valuation signals for ADDDF:

  • Total Operating Expense: $12,588 Mil
  • GF Value™: $231.78 vs. price of $196.88 (15.1% below fair value)
  • GF Score™: 86/100

No single metric tells the full story. See the ADDDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

adidas AG Business Description

Address Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074
Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through about 2,000 owned retail stores, 15,000 Adidas-branded franchise stores (including about 8,000 in China), 150,000 wholesale doors, and an owned e-commerce site that is available in 67 countries. The company was founded in 1949 in Germany.
86GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$196.88
Price
$231.78
GF Value