Galaxy Digital (GLXY) Operating Expenses (2024 - 2026)
Galaxy Digital's Operating Expenses was $8.84 billion in Q2 2026, down 0.6% from $8.89 billion a year earlier and down 15.4% from the prior quarter.
Powered by 
Analysis
Galaxy Digital (GLXY) Operating Expenses (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, Galaxy Digital's Operating Expenses was $58.74 billion through Jun 30, 2026, up 24.7% year-over-year; for FY2025, it was $61.59 billion, up 41.9% from FY2024.
- In earlier years, Operating Expenses was $43.4 billion in FY2024 (-16.5%) and $51.96 billion in FY2023.
- The Q2 2026 figure marks the lowest quarterly Operating Expenses since Q3 2024.
- Compared with a year earlier, Operating Expenses has declined for three straight quarters, with growth averaging 34.2% over the last five quarters.
- Per Business Quant data, GLXY's Operating Expenses in the three quarters before Q2 2026 was $10.45 billion (Q1 2026), $10.78 billion (Q4 2025) and $28.67 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | 734.00 Mn |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 3.44 Bn |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 599.10 Mn |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 1.28 Bn |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 788.00 Mn |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | 2.66 Bn |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 440.00 Mn |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 1.64 Bn |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 255.60 Mn |
| 10 | Galaxy Digital | 9.01 Bn | 2.88 Bn | - | 8.84 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.84 Bn |
| 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 |
API Access
Galaxy Digital Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=GLXY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "GLXY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=GLXY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();