Marex (MRX) Operating Expenses (2023 - 2026)
Marex's (MRX) quarterly Operating Expenses came in at -$538.3 million in Q2 2026, down 35.18% on a YoY basis from -$830.5 million in Q2 2025, and little changed quarter-over-quarter from -$539.2 million in Q1 2026.
Analysis
Marex (MRX) Operating Expenses (2023 - 2026) Analysis & Trends
Marex (MRX) has reported Operating Expenses for 4 consecutive years, with -$538.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 35.18% year-over-year to -$538.3 million; the trailing twelve-month figure through Jun 2026 stood at -$1.5 billion (down 91.06% YoY), and the FY2025 full-year result was -$1.6 billion, down 24.28% from the prior year.
- Operating Expenses held at -$538.3 million in Q2 2026 per MRX's latest filing, from -$539.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.5 million in Q4 2025 and bottomed at -$539.2 million in Q1 2026.
- Historically, Operating Expenses has averaged -$230.8 million across 4 years, with a median of -$186.8 million in 2024.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses tumbled 199000.0% in 2025, then slumped 35.18% in 2026.
- Over 4 years, Operating Expenses stood at $1.2 million in 2023, then plunged by 116.67% to -$200000.0 in 2024, then soared by 850.0% to $1.5 million in 2025, then tumbled by 35986.67% to -$538.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$538.3 million, -$539.2 million, and $1.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Virtu Financial | 8.96 Bn | 8.35 Bn | - | 847.40 Mn |
| 2 | StoneX | 8.04 Bn | -425.19 Mn | 1.47 Bn | 558.20 Mn |
| 3 | Bgc | 5.81 Bn | 5.19 Bn | - | 773.64 Mn |
| 4 | Marex | 5.43 Bn | 5.43 Bn | - | -538.30 Mn |
| 5 | Fdctech | 8.88 Mn | -17.00 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -538.30 Mn |
| Mar 31, 2026 | -539.20 Mn |
| Dec 31, 2025 | 1.50 Mn |
| Jun 30, 2025 | -398.20 Mn |
| Mar 31, 2025 | -373.40 Mn |
| Jun 30, 2024 | -200,000.00 |
| Mar 31, 2024 | 200,000.00 |
| Dec 31, 2023 | 1.20 Mn |