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
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