Merchants Bancorp (MBIN) Wages, Salaries and Other (2016 - 2026)
Merchants Bancorp (MBIN) recorded Wages, Salaries and Other of $39.35 million in Q2 2026, down 9.7% from $43.57 million a year earlier but up 2.0% from the prior quarter.
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Analysis
Merchants Bancorp (MBIN) Wages, Salaries and Other (2016 - 2026) Analysis & Trends
On a TTM basis, Merchants Bancorp's Wages, Salaries and Other came in at $164.44 million as of Jun 30, 2026, up 7.7% year-over-year; for FY2025, it came in at $166.51 million, up 27.4% from FY2024.
- Annual Wages, Salaries and Other has increased for ten straight years, with a five-year compound annual growth rate of 23.0% (FY2020 to FY2025).
- Across earlier years, Wages, Salaries and Other came in at $130.72 million in FY2024 (+20.8%), $108.18 million in FY2023 (+21.4%), $89.09 million in FY2022 (+3.9%) and $85.73 million in FY2021 (+44.8%).
- Quarterly Wages, Salaries and Other has ranged from $20.2 million in Q3 2021 to $44.15 million in Q3 2025 over the past five years.
- On a year-over-year basis, Wages, Salaries and Other rose in seven of the last eight quarters, with growth averaging 19.3%.
- Peak year-over-year performance for Wages, Salaries and Other in the last five years was growth of 53.5% in Q2 2025, against a decline of 12.2% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $38.57 million (Q1 2026), $42.38 million (Q4 2025) and $44.15 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Wages (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 15.16 Bn |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | -104.91 Bn |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | 10.99 Bn |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | 8.19 Bn |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | - |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 6.10 Bn |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 8.85 Bn |
| 10 | Merchants Bancorp | 2.29 Bn | -1.20 Bn | - | 39.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.35 Mn |
| Mar 31, 2026 | 38.57 Mn |
| Dec 31, 2025 | 42.38 Mn |
| Sep 30, 2025 | 44.15 Mn |
| Jun 30, 2025 | 43.57 Mn |
| Mar 31, 2025 | 36.42 Mn |
| Dec 31, 2024 | 37.54 Mn |
| Sep 30, 2024 | 35.22 Mn |
| Jun 30, 2024 | 28.37 Mn |
| Mar 31, 2024 | 29.60 Mn |
| Dec 31, 2023 | 33.26 Mn |
| Sep 30, 2023 | 27.05 Mn |
| Jun 30, 2023 | 25.72 Mn |
| Mar 31, 2023 | 22.15 Mn |
| Dec 31, 2022 | 22.29 Mn |
| Sep 30, 2022 | 23.03 Mn |
| Jun 30, 2022 | 22.48 Mn |
| Mar 31, 2022 | 21.29 Mn |
| Dec 31, 2021 | 25.39 Mn |
| Sep 30, 2021 | 20.20 Mn |
API Access
Merchants Bancorp Wages, Salaries and Other 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=wages-salaries-and-other&ticker=MBIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "wages-salaries-and-other", "ticker": "MBIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=wages-salaries-and-other&ticker=MBIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();