Bgc (BGC) Operating Expenses (2010 - 2026)
Bgc (BGC) reported Operating Expenses of $847.0 million for Q1 2026, up 44.41% year-over-year from $586.5 million in Q1 2025, and up 4.13% quarter-over-quarter from $813.4 million in Q4 2025.
Bgc (BGC) Operating Expenses (2010 - 2026) Analysis & Trends
Bgc (BGC) has 17 years of Operating Expenses data on file, last reported at $847.0 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $847.0 million, up 44.41% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.1 billion (up 38.59% YoY), and the FY2025 annual result was $2.8 billion, up 29.09% from the prior year.
- Operating Expenses advanced to $847.0 million in Q1 2026 per BGC's latest filing, from $813.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $847.0 million in Q1 2026 and troughed at $17.5 million in Q4 2023.
- A 5-year average of $533.6 million and a median of $525.8 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses sank 96.0% in 2023, then jumped 3243.23% in 2024.
- A 5-year view of Operating Expenses shows it stood at $438.6 million in 2022, then slumped 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.
- Business Quant data shows BGC's Operating Expenses at $847.0 million in Q1 2026, $813.4 million in Q4 2025, and $705.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 330.51 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 242.35 Mn |
| 10 | Bgc | 5.12 Bn | 4.51 Bn | - | 846.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |