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
DateValue
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