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
DateValue
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