eToro ETOR
NASDAQ ETOR
$32.47 -0.28 (-0.85%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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