eToro (ETOR) Operating Expenses (2024 - 2025)
eToro (ETOR) recorded quarterly Operating Expenses of $98.3 million in Q4 2025, up 2.65% quarter-over-quarter from $95.8 million in Q3 2025, and down 2.53% on a YoY basis from $100.8 million in Q4 2024.
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 was $98.3 million for Q4 2025 at eToro, up from $95.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $123.5 million in Q2 2025 to a low of $79.9 million in Q3 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 330.51 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 242.35 Mn |
| 10 | eToro | 3.28 Bn | 2.00 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 |