Grid Dynamics Holdings (GDYN) Operating Expenses (2018 - 2026)
Grid Dynamics Holdings (GDYN) posted Operating Expenses of $38.3 million for Q2 2026, down 3.93% sequentially from $39.9 million in Q1 2026, and up 10.73% YoY from $34.6 million in Q2 2025.
Grid Dynamics Holdings (GDYN) Operating Expenses (2018 - 2026) Analysis & Trends
Grid Dynamics Holdings has reported Operating Expenses for 9 years, with the latest figure at $38.3 million in Q2 2026.
- Quarterly Operating Expenses rose 10.73% year-over-year to $38.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $148.8 million (up 6.28% YoY) and the FY2025 annual result came in at $144.2 million, up 11.72% from the prior year.
- Operating Expenses declined to $38.3 million in Q2 2026 per GDYN's latest filing, from $39.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $39.9 million in Q1 2026 and troughed at $26.6 million in Q1 2022.
- A 5-year average of $34.0 million and a median of $34.8 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 115.66% in 2022, then tumbled 32.08% in 2023.
- Over 5 years, Operating Expenses stood at $37.9 million in 2022, then retreated by 22.99% to $29.2 million in 2023, then advanced by 22.65% to $35.8 million in 2024, then retreated by 0.44% to $35.6 million in 2025, then rose by 7.61% to $38.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $38.3 million, $39.9 million, and $35.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 7.29 Bn |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 15.54 Bn |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 528.00 Mn |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | 12.44 Mn |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | 812.00 Mn |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | 684.00 Mn |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | 1.67 Bn |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | 2.23 Bn |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | 310.00 Mn |
| 10 | Grid Dynamics Holdings | 650.04 Mn | 351.61 Mn | 39.62 Mn | 38.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.34 Mn |
| Mar 31, 2026 | 39.91 Mn |
| Dec 31, 2025 | 35.63 Mn |
| Sep 30, 2025 | 34.95 Mn |
| Jun 30, 2025 | 34.63 Mn |
| Mar 31, 2025 | 39.03 Mn |
| Dec 31, 2024 | 35.79 Mn |
| Sep 30, 2024 | 30.59 Mn |
| Jun 30, 2024 | 29.52 Mn |
| Mar 31, 2024 | 33.21 Mn |
| Dec 31, 2023 | 29.18 Mn |
| Sep 30, 2023 | 28.01 Mn |
| Jun 30, 2023 | 26.97 Mn |
| Mar 31, 2023 | 34.57 Mn |
| Dec 31, 2022 | 37.89 Mn |
| Sep 30, 2022 | 37.42 Mn |
| Jun 30, 2022 | 39.71 Mn |
| Mar 31, 2022 | 26.58 Mn |
| Dec 31, 2021 | 28.85 Mn |
| Sep 30, 2021 | 23.30 Mn |