Operating Expenses

SG&A

Phillips 66 SG&A decreased by 1.3% to $537.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.5%, from $519.00M to $537.00M. Over 4 years (FY 2021 to FY 2025), SG&A shows an upward trend with a 8.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026

How to read this metric

Increases may indicate aggressive marketing or expansion, while decreases often reflect cost-cutting measures or improved corporate efficiency.

Detailed definition

The sum of all direct and indirect selling expenses and all general and administrative expenses of a company. This inclu...

Peer comparison

Used to assess the 'leaness' of a company's corporate structure relative to its peers.

Metric ID: is_selling_general_and_administrative

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$433.00M$424.00M$479.00M$433.00M$488.00M$617.00M$630.00M$605.00M$593.00M$669.00M$658.00M$557.00M$552.00M$1.19B$511.00M$519.00M$582.00M$792.00M$544.00M$537.00M
QoQ Change-2.1%+13.0%-9.6%+12.7%+26.4%+2.1%-4.0%-2.0%+12.8%-1.6%-15.3%-0.9%+116.3%-57.2%+1.6%+12.1%+36.1%-31.3%-1.3%
YoY Change+12.7%+45.5%+31.5%+39.7%+21.5%+8.4%+4.4%-7.9%-6.9%+78.5%-22.3%-6.8%+5.4%-33.7%+6.5%+3.5%
Range$424.00M$1.19B
CAGR+4.6%
Avg YoY Growth+11.3%
Median YoY Growth+5.9%
Current Streak2 quarters decline

Business Segments

View all
SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Midstream$53.00M$52.00M$58.00M$54.00M$56.00M
Refining$46.00M$32.00M$40.00M$52.00M$52.00M
Renewable Fuels$18.00M$14.00M$19.00M$15.00M$21.00M
Chemicals-$2.00M-$1.00M-$2.00M-$2.00M-$2.00M
Total$519.00M$582.00M$792.00M$544.00M$537.00M

Frequently Asked Questions

What is Phillips 66's sg&a?
Phillips 66 (PSX) reported sg&a of $537.00M in Q1 2026.
How has Phillips 66's sg&a changed year-over-year?
Phillips 66's sg&a increased by 3.5% year-over-year, from $519.00M to $537.00M.
What is the long-term trend for Phillips 66's sg&a?
Over 4 years (2021 to 2025), Phillips 66's sg&a has grown at a 8.7% compound annual growth rate (CAGR), from $1.74B to $2.44B.
What does sg&a mean?
The day-to-day costs of running the business and marketing its products.