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
DateValue
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