eToro (ETOR) Cost of Revenue (2024 - 2025)
eToro (ETOR) recorded quarterly Cost of Revenue of $3.8 billion in Q4 2025, down 6.14% quarter-over-quarter from $4.0 billion in Q3 2025, and down 34.04% on a YoY basis from $5.8 billion in Q4 2024.
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 was $3.8 billion for Q4 2025 at eToro, down from $4.0 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $5.8 billion in Q4 2024 to a low of $1.5 billion in Q3 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 95,219.34 Bn | 95,219.34 Bn | - | - |
| 2 | Morgan Stanley | 323.01 Bn | 189.48 Bn | - | - |
| 3 | Goldman Sachs | 303.95 Bn | -633.60 Bn | - | - |
| 4 | Schwab Charles | 155.80 Bn | 110.82 Bn | - | - |
| 5 | Robinhood Markets | 77.67 Bn | 73.03 Bn | 960.00 Mn | 107.00 Mn |
| 6 | Interactive Brokers | 38.08 Bn | 48.67 Bn | - | - |
| 7 | LPL Financial Holdings | 23.19 Bn | 22.17 Bn | - | - |
| 8 | Tradeweb Markets | 21.40 Bn | 20.15 Bn | - | - |
| 9 | Circle Internet | 19.36 Bn | 17.84 Bn | 35.01 Mn | 6.62 Mn |
| 10 | eToro | 3.19 Bn | 1.91 Bn | 78.44 Mn | 3.80 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |