Growth Metrics

Diamond Hill Investment (DHIL) Operating Expenses (2010 - 2025)

Diamond Hill Investment posted quarterly Operating Expenses of $30.4 million for Q4 2025, up 17.36% year-on-year from $25.9 million in Q4 2024, and up 9.76% on a QoQ basis from $27.7 million in Q3 2025.

Diamond Hill Investment (DHIL) has 16 years of Operating Expenses data on file, last reported at $30.4 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 17.36% year-over-year to $30.4 million; the trailing twelve-month figure through Dec 2025 stood at $110.4 million (up 2.95% YoY), and the FY2025 full-year result was $110.4 million, up 2.95% from the prior year.
  • Operating Expenses for Q4 2025 stood at $30.4 million, up from $27.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $30.4 million in Q4 2025 and bottomed at $18.8 million in Q2 2022.
  • The 5-year median for Operating Expenses is $25.9 million (2022), against an average of $25.7 million.
  • The widest annual swing landed in 2021, when Operating Expenses jumped 122.35%; it then plunged 31.25% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $26.4 million in 2021, then declined by 1.66% to $26.0 million in 2022, then climbed by 13.19% to $29.4 million in 2023, then fell by 11.98% to $25.9 million in 2024, then advanced by 17.36% to $30.4 million in 2025.
  • The last three Operating Expenses figures came in at $30.4 million (Q4 2025), $27.7 million (Q3 2025), and $28.3 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 3.88 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 2.26 Bn
3 Kkr 84.94 Bn 132.45 Bn - 3.87 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 733.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 4.68 Bn
6 State Street 44.42 Bn 18.75 Bn - 2.81 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 3.67 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 1.51 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 1.17 Bn
10 Diamond Hill Investment 476.55 Mn 434.13 Mn 34.37 Mn 30.37 Mn

Historic Data

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DateValue
Dec 31, 2025 30.37 Mn
Sep 30, 2025 27.67 Mn
Jun 30, 2025 28.26 Mn
Mar 31, 2025 24.05 Mn
Dec 31, 2024 25.88 Mn
Sep 30, 2024 28.80 Mn
Jun 30, 2024 24.53 Mn
Mar 31, 2024 27.99 Mn
Dec 31, 2023 29.41 Mn
Sep 30, 2023 23.19 Mn
Jun 30, 2023 25.56 Mn
Mar 31, 2023 23.05 Mn
Dec 31, 2022 25.98 Mn
Sep 30, 2022 22.23 Mn
Jun 30, 2022 18.77 Mn
Mar 31, 2022 23.18 Mn
Dec 31, 2021 26.42 Mn
Sep 30, 2021 26.73 Mn
Jun 30, 2021 27.30 Mn
Mar 31, 2021 25.48 Mn
Dec 31, 2020 26.96 Mn
Sep 30, 2020 21.21 Mn
Jun 30, 2020 21.22 Mn
Mar 31, 2020 11.46 Mn
Dec 31, 2019 23.94 Mn
Sep 30, 2019 21.84 Mn
Jun 30, 2019 21.47 Mn
Mar 31, 2019 21.45 Mn
Dec 31, 2018 14.66 Mn
Sep 30, 2018 20.56 Mn
Jun 30, 2018 19.58 Mn
Mar 31, 2018 19.58 Mn
Dec 31, 2017 19.44 Mn
Sep 30, 2017 19.88 Mn
Jun 30, 2017 19.58 Mn
Mar 31, 2017 19.30 Mn
Dec 31, 2016 20.51 Mn
Sep 30, 2016 17.80 Mn
Jun 30, 2016 17.97 Mn
Mar 31, 2016 16.75 Mn
Dec 31, 2015 15.04 Mn
Sep 30, 2015 17.28 Mn
Jun 30, 2015 17.26 Mn
Mar 31, 2015 16.12 Mn
Dec 31, 2014 10.24 Mn
Sep 30, 2014 16.47 Mn
Jun 30, 2014 15.77 Mn
Mar 31, 2014 14.62 Mn
Dec 31, 2013 12.89 Mn
Sep 30, 2013 13.35 Mn
Jun 30, 2013 12.76 Mn
Mar 31, 2013 11.75 Mn
Dec 31, 2012 10.48 Mn
Sep 30, 2012 10.83 Mn
Jun 30, 2012 10.33 Mn
Mar 31, 2012 10.59 Mn
Dec 31, 2011 8.93 Mn
Sep 30, 2011 9.93 Mn
Jun 30, 2011 10.98 Mn
Mar 31, 2011 11.00 Mn
Dec 31, 2010 9.27 Mn
Sep 30, 2010 9.84 Mn
Jun 30, 2010 9.65 Mn