Bgc (BGC) Operating Expenses (2010 - 2026)

Bgc (BGC) posted quarterly 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 reported Operating Expenses for 17 consecutive years, with $847.0 million the latest figure, recorded in 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 rose to $847.0 million in Q1 2026 per BGC's latest filing, from $813.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $847.0 million in Q1 2026 and bottomed at $17.5 million in Q4 2023.
  • Historically, Operating Expenses has averaged $533.6 million across 5 years, with a median of $525.8 million in 2023.
  • Annual changes were most pronounced in 2023 — Operating Expenses sank 96.0% — and 2024, when it jumped 3243.23%.
  • Bgc's Operating Expenses stood at $438.6 million in 2022, then tumbled by 96.0% to $17.5 million in 2023, then surged by 3243.23% to $586.0 million in 2024, then soared by 38.8% to $813.4 million in 2025, then climbed 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 Morgan Stanley 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 Bgc 5.27 Bn 4.64 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