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

Futu Holdings' Operating Expenses history runs 8 years deep, the most recent figure standing at -$200.8 million for 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 for Q4 2025 stood at -$200.8 million, 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.
• The 5-year median for Operating Expenses is -$111.4 million (2023), against an average of -$125.5 million.
• The sharpest annual moves came in 2021 and 2022: Operating Expenses plunged 348.57% in 2021, then advanced 1.16% in 2022.
• Futu Holdings' Operating Expenses stood at -$105.8 million in 2021, then rose by 0.95% to -$104.8 million in 2022, then dropped by 11.86% to -$117.3 million in 2023, then sank by 57.99% to -$185.3 million in 2024, then dropped by 8.37% to -$200.8 million in 2025.
• Business Quant data shows FUTU's Operating Expenses at -$200.8 million in Q4 2025, -$219.1 million in Q3 2025, and -$165.1 million in Q2 2025.