eToro (ETOR) Operating Expenses (2024 - 2026)
eToro's Operating Expenses came in at $1.53 billion for the quarter ended Jun 30, 2026, down 25.7% from $2.06 billion a year earlier and down 34.6% from the prior quarter.
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Analysis
eToro (ETOR) Operating Expenses (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, eToro reported Operating Expenses of $11.71 billion, down 10.0% year-over-year; for the year ended Dec 31, 2025, it came in at $13.58 billion, up 9.6% from the prior year.
- Going back by year, Operating Expenses was $12.39 billion in the year ended Dec 31, 2024 (+221.3%) and $3.86 billion in the year ended Dec 31, 2023.
- The figure for the quarter ended Jun 30, 2026 represents the lowest quarterly Operating Expenses since the quarter ended Sep 30, 2024.
- Year-over-year, Operating Expenses has declined for three consecutive quarters, with growth averaging 15.9% over the last six quarters.
- Business Quant data shows ETOR's Operating Expenses at $2.34 billion (quarter ended Mar 31, 2026), $3.8 billion (quarter ended Dec 31, 2025) and $4.04 billion (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.61 Bn | 94.70 Bn | - | 599.10 Mn |
| 2 | Robinhood Markets | 91.70 Bn | 72.73 Bn | - | 734.00 Mn |
| 3 | Intercontinental Exchange | 88.95 Bn | 82.69 Bn | - | 1.28 Bn |
| 4 | Nasdaq | 54.22 Bn | 51.65 Bn | 1.50 Bn | 788.00 Mn |
| 5 | Interactive Brokers | 38.25 Bn | 15.37 Bn | - | 440.00 Mn |
| 6 | Cboe Global Markets | 33.42 Bn | 25.08 Bn | 731.60 Mn | 255.60 Mn |
| 7 | LPL Financial Holdings | 25.64 Bn | 20.96 Bn | - | 4.67 Bn |
| 8 | Tradeweb Markets | 25.45 Bn | 17.47 Bn | - | 313.68 Mn |
| 9 | Circle Internet | 22.26 Bn | 16.14 Bn | 288.85 Mn | 254.49 Mn |
| 10 | eToro | 2.03 Bn | -2.92 Bn | 63.50 Mn | 93.85 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 |
API Access
eToro Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=ETOR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "ETOR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=ETOR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();