GCM Grosvenor (GCMG) Operating Expenses (2020 - 2026)
GCM Grosvenor (GCMG) recorded quarterly Operating Expenses of $104.3 million in Q1 2026, down 14.78% quarter-over-quarter from $122.4 million in Q4 2025, and down 5.63% on a YoY basis from $110.5 million in Q1 2025.
GCM Grosvenor (GCMG) Operating Expenses (2020 - 2026) Analysis & Trends
GCM Grosvenor's Operating Expenses history runs 7 years deep, the most recent figure standing at $104.3 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 5.63% year-over-year to $104.3 million; the TTM figure through Mar 2026 stood at $417.9 million (down 1.95% YoY), while the FY2025 annual figure was $424.1 million, down 3.73% from the prior year.
- Operating Expenses was $104.3 million for Q1 2026 at GCM Grosvenor, down from $122.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $143.6 million in Q2 2023 to a low of $84.5 million in Q2 2022.
- Historically, Operating Expenses has averaged $105.4 million across 5 years, with a median of $103.4 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 69.89% in 2023, then slumped 33.06% in 2024.
- A 5-year view of Operating Expenses shows it stood at $86.0 million in 2022, then rose by 20.21% to $103.4 million in 2023, then increased by 17.61% to $121.7 million in 2024, then advanced by 0.61% to $122.4 million in 2025, then dropped by 14.78% to $104.3 million in 2026.
- The last three Operating Expenses figures came in at $104.3 million (Q1 2026), $122.4 million (Q4 2025), and $90.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 160.20 Bn | 150.57 Bn | - | 3.88 Bn |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | 2.26 Bn |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | 3.87 Bn |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | 4.68 Bn |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 1.51 Bn |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | 1.17 Bn |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | 3.12 Bn |
| 10 | GCM Grosvenor | 692.93 Mn | 569.90 Mn | - | 104.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 104.30 Mn |
| Dec 31, 2025 | 122.39 Mn |
| Sep 30, 2025 | 90.79 Mn |
| Jun 30, 2025 | 100.41 Mn |
| Mar 31, 2025 | 110.52 Mn |
| Dec 31, 2024 | 121.65 Mn |
| Sep 30, 2024 | 97.93 Mn |
| Jun 30, 2024 | 96.12 Mn |
| Mar 31, 2024 | 124.83 Mn |
| Dec 31, 2023 | 103.44 Mn |
| Sep 30, 2023 | 97.81 Mn |
| Jun 30, 2023 | 143.59 Mn |
| Mar 31, 2023 | 112.00 Mn |
| Dec 31, 2022 | 86.05 Mn |
| Sep 30, 2022 | 108.48 Mn |
| Jun 30, 2022 | 84.52 Mn |
| Mar 31, 2022 | 87.16 Mn |
| Dec 31, 2021 | 123.82 Mn |
| Sep 30, 2021 | 93.00 Mn |
| Jun 30, 2021 | 97.49 Mn |