Bgc (BGC) Operating Expenses (2010 - 2026)

Bgc (BGC) posted quarterly Operating Expenses of $847.0 million for Q1 2026, up 44.41% YoY from $586.5 million in Q1 2025, and up 4.13% sequentially from $813.4 million in Q4 2025.

Bgc (BGC) Operating Expenses (2010 - 2026) Analysis & Trends

Bgc has disclosed Operating Expenses across 17 years of filings, most recently posting $847.0 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 44.41% year-over-year to $847.0 million; the TTM figure through Mar 2026 stood at $3.1 billion (up 38.59% YoY), while the FY2025 annual figure was $2.8 billion, up 29.09% from the prior year.
  • Operating Expenses improved to $847.0 million in Q1 2026, from $813.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for BGC reached as high as $847.0 million in Q1 2026 and fell as low as $17.5 million in Q4 2023.
  • The 5-year median for Operating Expenses is $525.8 million (2023), against an average of $533.6 million.
  • Annual changes were most pronounced in 2023 — Operating Expenses tumbled 96.0% — and 2024, when it jumped 3243.23%.
  • A 5-year view of Operating Expenses shows it stood at $438.6 million in 2022, then plunged by 96.0% to $17.5 million in 2023, then jumped by 3243.23% to $586.0 million in 2024, then surged by 38.8% to $813.4 million in 2025, then advanced by 4.13% to $847.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $847.0 million, $813.4 million, and $705.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 Bgc 5.15 Bn 4.55 Bn - 846.98 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 846.98 Mn
Dec 31, 2025 813.36 Mn
Sep 30, 2025 705.61 Mn
Jun 30, 2025 711.69 Mn
Mar 31, 2025 586.52 Mn
Dec 31, 2024 586.00 Mn
Sep 30, 2024 548.04 Mn
Jun 30, 2024 500.16 Mn
Mar 31, 2024 548.07 Mn
Dec 31, 2023 17.53 Mn
Sep 30, 2023 464.89 Mn
Jun 30, 2023 525.76 Mn
Mar 31, 2023 499.96 Mn
Dec 31, 2022 438.64 Mn
Sep 30, 2022 406.12 Mn
Jun 30, 2022 408.95 Mn
Mar 31, 2022 463.41 Mn
Dec 31, 2021 679.75 Mn
Sep 30, 2021 500.80 Mn
Jun 30, 2021 496.74 Mn