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Operating Expense Breakdown
Details spending on development, marketing, and corporate costs, showing how much Take-Two is investing in new titles versus controlling costs. High development and marketing outlays can fuel future blockbusters but also increase margin risk if launches underperform.Take‑Two’s cost profile shows deliberate, lumpy uplift — marketing and R&D spikes tied to major releases, rising depreciation/amortization from acquisitions and capitalized development, and a one‑time reorganization reset in 2024. That mirrors management’s call: higher S&M and R&D to front‑load GTA VI and pipeline support, with elevated but targeted OpEx to drive a revenue and cash‑flow breakout. Expect near‑term margin pressure and quarter-to-quarter volatility, but these investments are positioned to underpin the company’s aggressive FY27 growth thesis.
Date | Sales and Marketing | Research and Development | General and Administrative | Depreciation and Amortization | Reorganization |
|---|---|---|---|---|---|
Jun 30, 2026 | $369.70M | $273.80M | $226.30M | $48.20M | $0.00 |
Mar 31, 2026 | $392.20M | $262.50M | $223.80M | $50.20M | -$900.00K |
Dec 31, 2025 | $433.20M | $282.70M | $218.60M | $49.10M | $600.00K |
Sep 30, 2025 | $536.60M | $268.00M | $225.00M | $48.80M | $100.00K |
Jun 30, 2025 | $408.80M | $261.40M | $207.00M | $50.40M | -$4.20M |
Mar 31, 2025 | $402.10M | $297.80M | $230.20M | $87.80M | $17.10M |
Dec 31, 2024 | $388.90M | $240.90M | $189.60M | $49.50M | $23.10M |
Sep 30, 2024 | $461.30M | $246.70M | $253.00M | $47.30M | $16.80M |
Jun 30, 2024 | $431.40M | $219.80M | $210.50M | $44.80M | $49.50M |
Mar 31, 2024 | $448.80M | $245.50M | $175.00M | $42.90M | $93.30M |