eToro (ETOR) Operating Expenses (2024 - 2025)
eToro (ETOR) posted quarterly Operating Expenses of $98.3 million for Q4 2025, down 2.53% year-over-year from $100.8 million in Q4 2024, and up 2.65% quarter-over-quarter from $95.8 million in Q3 2025.
eToro (ETOR) Operating Expenses (2024 - 2025) Analysis & Trends
eToro's Operating Expenses history runs 2 years deep, the most recent figure standing at $98.3 million for Q4 2025.
- In Q4 2025, Operating Expenses fell 2.53% year-over-year to $98.3 million; the TTM figure through Dec 2025 stood at $405.8 million (up 12.6% YoY), while the FY2025 annual figure was $405.8 million, up 12.6% from the prior year.
- Operating Expenses for Q4 2025 stood at $98.3 million, up from $95.8 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 734.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 81.75 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 381.00 Mn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 4.67 Bn |
| 10 | eToro | 2.56 Bn | 2.35 Bn | 78.44 Mn | 98.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |