Galaxy Digital (GLXY) Operating Expenses (2024 - 2026)

Galaxy Digital (GLXY) posted quarterly Operating Expenses of $10.4 billion for Q1 2026, down 21.13% year-over-year from $13.2 billion in Q1 2025, and down 3.08% on a QoQ basis from $10.8 billion in Q4 2025.

Galaxy Digital (GLXY) Operating Expenses (2024 - 2026) Analysis & Trends

Galaxy Digital (GLXY) has reported Operating Expenses for 3 consecutive years, with $10.4 billion the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses fell 21.13% year-over-year to $10.4 billion; the TTM figure through Mar 2026 stood at $58.8 billion (up 24.5% YoY), while the FY2025 annual figure was $61.6 billion, up 41.92% from the prior year.
  • Operating Expenses came in at $10.4 billion for Q1 2026 at Galaxy Digital, 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.
  • Average Operating Expenses over 3 years is $11.8 billion, with a median of $10.4 billion recorded in 2026.
  • The largest YoY upside for Operating Expenses was 1324769600.0% in 2025 against a maximum downside of 33.54% in 2025.
  • Year by year, Operating Expenses stood at $16.2 billion in 2024, then tumbled by 33.54% to $10.8 billion in 2025, then retreated by 3.08% to $10.4 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $10.4 billion, $10.8 billion, and $28.7 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 Galaxy Digital 4.97 Bn 4.40 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