eToro (ETOR) Operating Expenses (2024 - 2026)
eToro (ETOR) posted Operating Expenses of $93.8 million for Q2 2026, down 5.65% on a QoQ basis from $99.5 million in Q1 2026, and down 24.01% year-over-year from $123.5 million in Q2 2025.
Analysis
eToro (ETOR) Operating Expenses (2024 - 2026) Analysis & Trends
eToro has reported Operating Expenses for 3 years, with the latest figure at $93.8 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 24.01% year-over-year to $93.8 million in Q2 2026; TTM through Jun 2026 was $387.4 million, a 1.3% decrease from a year earlier, with the FY2025 full-year figure at $405.8 million, up 12.6% from the prior year.
- Operating Expenses was $93.8 million for Q2 2026 at eToro, down from $99.5 million in the prior quarter.
- The five-year high for Operating Expenses was $123.5 million in Q2 2025, with the low at $79.9 million in Q3 2024.
- Average Operating Expenses over 3 years is $95.9 million, with a median of $94.8 million recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses surged 37.01% in 2025, then dropped 24.01% in 2026.
- Over 3 years, Operating Expenses stood at $100.8 million in 2024, then declined by 2.53% to $98.3 million in 2025, then fell by 4.53% to $93.8 million in 2026.
- The last three Operating Expenses figures came in at $93.8 million (Q2 2026), $99.5 million (Q1 2026), and $98.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 109.78 Bn | 92.45 Bn | 1.20 Bn | 734.00 Mn |
| 2 | Interactive Brokers | 41.73 Bn | -6.23 Bn | - | 440.00 Mn |
| 3 | LPL Financial Holdings | 28.29 Bn | 25.60 Bn | - | 4.67 Bn |
| 4 | Futu Holdings | 17.07 Bn | -2.58 Bn | 792.50 Mn | -223.32 Mn |
| 5 | UP Fintech Holding | 13.47 Bn | 13.48 Bn | - | -103.94 Mn |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | -336.56 Mn |
| 7 | Webull | 4.28 Bn | 3.58 Bn | - | 153.38 Mn |
| 8 | eToro | 2.71 Bn | 1.75 Bn | 63.50 Mn | 93.85 Mn |
| 9 | Solowin Holdings | 423.26 Mn | 404.15 Mn | - | - |
| 10 | Waton Financial | 131.69 Mn | 107.54 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 93.85 Mn |
| Mar 31, 2026 | 99.47 Mn |
| Dec 31, 2025 | 98.30 Mn |
| Sep 30, 2025 | 95.76 Mn |
| Jun 30, 2025 | 123.50 Mn |
| Mar 31, 2025 | 88.21 Mn |
| Dec 31, 2024 | 100.84 Mn |
| Sep 30, 2024 | 79.91 Mn |
| Jun 30, 2024 | 90.14 Mn |
| Mar 31, 2024 | 89.46 Mn |