Next (NXGPF) Total Operating Expense: $2,391 Mil (TTM As of Jan. 2026)


NXGPF Next PLC NXGPF
89 GF Score
Price $197.60
GF Value $165.57
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Next Total Operating Expense?

Next NXGPF 89 Total Operating Expense is $2,391 Mil as of Jan. 2026. GuruFocus rates NXGPF with a GF Score™ of 89/100 and a GF Value™ of $165.57 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Next's Total Operating Expense for the six months ended in Jan. 2026 was $1,277 Mil. Next's Total Operating Expense for the trailing twelve months (TTM) ended in Jan. 2026 was $2,391 Mil.

Next Total Operating Expense Related Terms

Next Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Next'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.

Next Total Operating Expense Chart

Next Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,455.15 1,527.66 1,844.73 1,915.20 2,394.45

Next Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 1,018.04 943.50 1,009.02 1,114.04 1,277.40
NXGPF
89GF Score
Next PLC NXGPF
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Next 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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $2,391 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 $2,391 Mil mean?
Next (NXGPF) has a Total Operating Expense of $2,391 Mil as of Jan. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Next and its competitors.
Is Next's Total Operating Expense too high?
Next's current Total Operating Expense is $2,391 Mil. Overall, Next has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next's Total Operating Expense compare to TJX and ROST?
Next's Total Operating Expense of $2,391 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Total Operating Expense depends on the Retail - Cyclical 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 Next and its competitors. Next's current Total Operating Expense is $2,391 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $165.57, compared to a current price of $197.60 — trading 19.3% above its estimated fair value. The current Total Operating Expense is $2,391 Mil. Next's overall GF Score™ is 89/100 with 2 warning signs to review. 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 Next (NXGPF), the current Total Operating Expense is $2,391 Mil as of Jan. 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 Next (NXGPF) Overvalued in 2026?

Based on GuruFocus' analysis, Next stock appears to be overvalued. The current stock price of $197.60 is trading 19.3% above its estimated GF Value™ of $165.57. GuruFocus considers Next to be Modestly Overvalued.

Key valuation signals for NXGPF:

  • Total Operating Expense: $2,391 Mil
  • GF Value™: $165.57 vs. price of $197.60 (19.3% above fair value)
  • GF Score™: 89/100 with 2 warning signs

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

Next Business Description

Address Desford Road, Enderby, Leicester, GBR, LE19 4AT
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
89GF Score

Get the complete analysis for NXGPF

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

$197.60
Price
$165.57
GF Value