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 was -$200.8 million for Q4 2025 at Futu Holdings, up from -$219.1 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$63.0 million in Q1 2021 to a low of -$219.1 million in Q3 2025.
• Historically, Operating Expenses has averaged -$125.5 million across 5 years, with a median of -$111.4 million in 2023.
• The sharpest annual moves came in 2021 and 2022: Operating Expenses sank 348.57% in 2021, then climbed 1.16% in 2022.
• A 5-year view of Operating Expenses shows it stood at -$105.8 million in 2021, then gained by 0.95% to -$104.8 million in 2022, then declined by 11.86% to -$117.3 million in 2023, then slumped by 57.99% to -$185.3 million in 2024, then declined by 8.37% to -$200.8 million in 2025.
• The last three Operating Expenses figures came in at -$200.8 million (Q4 2025), -$219.1 million (Q3 2025), and -$165.1 million (Q2 2025), per Business Quant data.