Marex (MRX) EBITDA (2023 - 2026)
Marex (MRX) reported EBITDA of -$66.6 million for Q1 2026, down 117.15% on a YoY basis from $388.4 million in Q1 2025, and down 104.75% quarter-over-quarter from $1.4 billion in Q4 2025.
Marex (MRX) EBITDA (2023 - 2026) Analysis & Trends
Marex has reported EBITDA for 4 years, with the latest figure at -$66.6 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA fell 117.15% year-over-year to -$66.6 million; the trailing twelve-month figure through Mar 2026 stood at $1.2 billion (down 26.58% YoY), and the FY2025 full-year result was $1.2 billion, up 40.52% from the prior year.
- EBITDA for Q1 2026 stood at -$66.6 million, down from $1.4 billion in the prior quarter.
- The five-year high for EBITDA was $1.4 billion in Q4 2025, with the low at -$102.0 million in Q3 2025.
- Historically, EBITDA has averaged $271.5 million across 4 years, with a median of $74.1 million in 2024.
- Annual changes were most pronounced in 2024 — EBITDA jumped 1445.87% — and 2025, when it plunged 226.71%.
- Marex's EBITDA stood at -$75.0 million in 2023, then jumped by 1445.87% to $1.0 billion in 2024, then surged by 38.98% to $1.4 billion in 2025, then sank by 104.75% to -$66.6 million in 2026.
- The last three EBITDA figures came in at -$66.6 million (Q1 2026), $1.4 billion (Q4 2025), and -$102.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | -35.15 Mn |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 19.58 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 23.57 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 4.01 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 304.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 246.00 Mn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 584.88 Mn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 294.45 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | -254.94 Mn |
| 10 | Marex | 6.49 Bn | 3.42 Bn | - | -66.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -66.60 Mn |
| Dec 31, 2025 | 1.40 Bn |
| Sep 30, 2025 | -102.00 Mn |
| Jun 30, 2025 | -81.70 Mn |
| Mar 31, 2025 | 388.40 Mn |
| Dec 31, 2024 | 1.01 Bn |
| Sep 30, 2024 | 80.50 Mn |
| Jun 30, 2024 | 91.50 Mn |
| Mar 31, 2024 | 67.70 Mn |
| Dec 31, 2023 | -75.00 Mn |