Futu Holdings (FUTU) Operating Expenses (2018 - 2025)

Futu Holdings (FUTU) has reported Operating Expenses for 8 consecutive years, with -$200.8 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Operating Expenses fell 8.37% year-over-year to -$200.8 million; the TTM figure through Dec 2025 stood at -$747.0 million (down 28.65% YoY), while the FY2025 annual figure was $748.3 million, up 28.51% from the prior year.
• Operating Expenses came in at -$200.8 million for Q4 2025 at Futu Holdings, up from -$219.1 million in the prior quarter.
• The five-year high for Operating Expenses was -$63.0 million in Q1 2021, with the low at -$219.1 million in Q3 2025.
• Average Operating Expenses over 5 years is -$125.5 million, with a median of -$111.4 million recorded in 2023.
• Across the five-year window, Operating Expenses slumped 348.57% in 2021 and rose 1.16% in 2022, its largest moves.
• Year by year, Operating Expenses stood at -$105.8 million in 2021, then grew by 0.95% to -$104.8 million in 2022, then decreased by 11.86% to -$117.3 million in 2023, then tumbled by 57.99% to -$185.3 million in 2024, then decreased by 8.37% to -$200.8 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered -$200.8 million, -$219.1 million, and -$165.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.