Futu Holdings (FUTU) Operating Expenses (2018 - 2026)
Futu Holdings (FUTU) posted Operating Expenses of -$223.3 million for Q2 2026, down 11.05% on a QoQ basis from -$201.1 million in Q1 2026, and down 35.27% year-over-year from -$345.0 million in Q2 2025.
Analysis
Futu Holdings (FUTU) Operating Expenses (2018 - 2026) Analysis & Trends
Futu Holdings has reported Operating Expenses for 9 years, with the latest figure at -$223.3 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 35.27% year-over-year to -$223.3 million in Q2 2026; TTM through Jun 2026 was -$844.3 million, a 29.62% decrease from a year earlier, with the FY2025 full-year figure at -$748.3 million, down 28.51% from the prior year.
- Operating Expenses was -$223.3 million for Q2 2026 at Futu Holdings, down from -$201.1 million in the prior quarter.
- The five-year high for Operating Expenses was -$92.0 million in Q2 2022, with the low at -$223.3 million in Q2 2026.
- Average Operating Expenses over 5 years is -$143.5 million, with a median of -$128.2 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses grew 1.16% in 2022, then sank 57.99% in 2024.
- Over 5 years, Operating Expenses stood at -$104.8 million in 2022, then fell by 11.86% to -$117.3 million in 2023, then sank by 57.99% to -$185.3 million in 2024, then fell by 8.37% to -$200.8 million in 2025, then fell by 11.23% to -$223.3 million in 2026.
- The last three Operating Expenses figures came in at -$223.3 million (Q2 2026), -$201.1 million (Q1 2026), and -$200.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.20 Bn | 83.88 Bn | 1.20 Bn | 734.00 Mn |
| 2 | Interactive Brokers | 41.17 Bn | -6.79 Bn | - | 440.00 Mn |
| 3 | LPL Financial Holdings | 27.86 Bn | 25.16 Bn | - | 4.67 Bn |
| 4 | Futu Holdings | 15.80 Bn | -3.84 Bn | 792.50 Mn | -223.32 Mn |
| 5 | UP Fintech Holding | 12.81 Bn | 12.81 Bn | - | -103.94 Mn |
| 6 | Xp | 10.32 Bn | 5.47 Bn | 105.39 Mn | -336.56 Mn |
| 7 | Webull | 4.83 Bn | 2.90 Bn | 85.87 Mn | 153.38 Mn |
| 8 | eToro | 2.53 Bn | 1.57 Bn | 63.50 Mn | 93.85 Mn |
| 9 | Solowin Holdings | 402.47 Mn | 383.36 Mn | - | - |
| 10 | TOP Financial | 127.44 Mn | 82.47 Mn | - | 1.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -223.32 Mn |
| Mar 31, 2026 | -201.09 Mn |
| Dec 31, 2025 | -200.78 Mn |
| Sep 30, 2025 | -219.11 Mn |
| Jun 30, 2025 | -165.09 Mn |
| Mar 31, 2025 | -162.01 Mn |
| Dec 31, 2024 | -185.27 Mn |
| Sep 30, 2024 | -139.00 Mn |
| Jun 30, 2024 | -137.60 Mn |
| Mar 31, 2024 | -118.77 Mn |
| Dec 31, 2023 | -117.27 Mn |
| Sep 30, 2023 | -114.02 Mn |
| Jun 30, 2023 | -108.70 Mn |
| Mar 31, 2023 | -102.43 Mn |
| Dec 31, 2022 | -104.84 Mn |
| Sep 30, 2022 | -96.97 Mn |
| Jun 30, 2022 | -91.96 Mn |
| Mar 31, 2022 | -95.54 Mn |
| Dec 31, 2021 | -105.84 Mn |
| Sep 30, 2021 | -98.11 Mn |