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 | 333.21 Bn | 173.07 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 3.40 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 734.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 440.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 4.67 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 313.68 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 254.49 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -200.78 Mn |
| 10 | Bgc | 5.65 Bn | 4.86 Bn | - | 773.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 773.64 Mn |
| 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 |