LKQ · 10-Q · 2026Q3 · Full report

Operating Expense Trends

LKQ CORP · 2026-10-29 · Importance 25 · Surprise 32 · Matches filing data

Consolidated SG&A increased $78 million, or 2.7%, to $2.943 billion for the first nine months of 2026, and rose to 28.9% of revenue from 27.7%. Europe SG&A increased $45 million, including a $51 million unfavorable foreign-exchange impact and $9 million higher freight, vehicle, and fuel costs, partly offset by $24 million of personnel and other savings. Specialty SG&A rose 11.0%, or $26 million, to $267 million, driven by a $14 million increase in credit losses and $7 million higher freight, vehicle, and fuel costs.

Key facts

• LKQ's nine-month 2026 SG&A increased $78 million, or 2.7%, to $2,943 million, including a $53 million unfavorable impact from a weakening U.S. dollar. source
• Europe's nine-month 2026 SG&A increased $45 million, or 3.3%, to $1,452 million; factors included $51 million unfavorable foreign exchange, $9 million higher freight costs, and $6 million higher IT professional fees, partly offset by $24 million lower personnel costs and incentive compensation. source
• North America's nine-month 2026 SG&A increased $7 million, or 0.5%, to $1,224 million, primarily due to $11 million higher freight, vehicle, and fuel costs, partly offset by $4 million of favorable factors mainly from cost savings. source
• Specialty's nine-month 2026 SG&A increased $26 million, or 11.0%, to $267 million, primarily from $14 million higher credit losses and $7 million higher freight, vehicle, and fuel costs. source
• LKQ's three-month 2026 SG&A increased $1 million, or 0.1%, to $959 million and included a $6 million favorable impact from a strengthening U.S. dollar. source
• North America's three-month 2026 SG&A decreased $7 million, or 2.1%, to $394 million, including $7 million lower personnel costs from productivity and cost-saving initiatives and $5 million lower self-insurance reserves, partly offset by $5 million higher freight, vehicle, and fuel costs. source
• Europe's three-month 2026 SG&A increased $2 million, or 0.6%, to $476 million, including $6 million higher strategic IT professional fees and $6 million higher freight, vehicle, and fuel costs. source
• Specialty's three-month 2026 SG&A increased $6 million, or 8.0%, to $89 million, primarily from $3 million higher freight, vehicle, and fuel costs and costs from a second-quarter 2026 acquisition. source

Impact estimates