Galaxy Digital (GLXY) Operating Expenses (2024 - 2026)
Galaxy Digital (GLXY) reported Operating Expenses of $10.4 billion for Q1 2026, down 21.13% on a YoY basis from $13.2 billion in Q1 2025, and down 3.08% quarter-over-quarter from $10.8 billion in Q4 2025.
Galaxy Digital (GLXY) Operating Expenses (2024 - 2026) Analysis & Trends
Galaxy Digital has reported Operating Expenses for 3 years, with the latest figure at $10.4 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 21.13% year-over-year to $10.4 billion; the trailing twelve-month figure through Mar 2026 stood at $58.8 billion (up 24.5% YoY), and the FY2025 full-year result was $61.6 billion, up 41.92% from the prior year.
- Operating Expenses for Q1 2026 stood at $10.4 billion, down from $10.8 billion in the prior quarter.
- The five-year high for Operating Expenses was $28.7 billion in Q3 2025, with the low at $1000.0 in Q1 2024.
- Historically, Operating Expenses has averaged $11.8 billion across 3 years, with a median of $10.4 billion in 2026.
- The largest YoY upside for Operating Expenses was 1324769600.0% in 2025 against a maximum downside of 33.54% in 2025.
- Galaxy Digital's Operating Expenses stood at $16.2 billion in 2024, then sank by 33.54% to $10.8 billion in 2025, then slipped by 3.08% to $10.4 billion in 2026.
- The last three Operating Expenses figures came in at $10.4 billion (Q1 2026), $10.8 billion (Q4 2025), and $28.7 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 330.51 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 242.35 Mn |
| 10 | Galaxy Digital | 5.84 Bn | 5.28 Bn | - | 10.45 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.45 Bn |
| Dec 31, 2025 | 10.78 Bn |
| Sep 30, 2025 | 28.67 Bn |
| Jun 30, 2025 | 8.89 Bn |
| Mar 31, 2025 | 13.25 Bn |
| Dec 31, 2024 | 16.22 Bn |
| Sep 30, 2024 | 8.75 Bn |
| Jun 30, 2024 | 9.00 Bn |
| Mar 31, 2024 | 1,000.00 |