eToro (ETOR) Cost of Revenue (2024 - 2025)

eToro (ETOR) posted quarterly Cost of Revenue of $3.8 billion for Q4 2025, down 34.04% year-over-year from $5.8 billion in Q4 2024, and down 6.14% quarter-over-quarter from $4.0 billion in Q3 2025.

eToro (ETOR) Cost of Revenue (2024 - 2025) Analysis & Trends

eToro's Cost of Revenue history runs 2 years deep, the most recent figure standing at $3.8 billion for Q4 2025.

  • In Q4 2025, Cost of Revenue fell 34.04% year-over-year to $3.8 billion; the TTM figure through Dec 2025 stood at $13.6 billion (up 9.6% YoY), while the FY2025 annual figure was $13.6 billion, up 9.6% from the prior year.
  • Cost of Revenue for Q4 2025 stood at $3.8 billion, down from $4.0 billion in the prior quarter.
  • The five-year high for Cost of Revenue was $5.8 billion in Q4 2024, with the low at $1.5 billion in Q3 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - -
2 Goldman Sachs 316.34 Bn -660.01 Bn - -
3 Schwab Charles 220.55 Bn 135.80 Bn - -
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn 19.32 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 104.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 39.93 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - -
10 eToro 2.56 Bn 2.35 Bn 78.44 Mn 3.80 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 3.80 Bn
Dec 31, 2025 3.80 Bn
Sep 30, 2025 4.04 Bn
Sep 30, 2025 4.04 Bn
Jun 30, 2025 2.06 Bn
Jun 30, 2025 2.06 Bn
Mar 31, 2025 3.68 Bn
Mar 31, 2025 3.68 Bn
Dec 31, 2024 5.76 Bn
Dec 31, 2024 5.76 Bn
Sep 30, 2024 1.52 Bn
Sep 30, 2024 1.52 Bn
Jun 30, 2024 1.81 Bn
Jun 30, 2024 1.81 Bn
Mar 31, 2024 3.31 Bn
Mar 31, 2024 3.31 Bn