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| 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 |