Marex (MRX) Operating Expenses (2023 - 2026)
Marex (MRX) posted Operating Expenses of -$539.2 million for Q1 2026, down 36046.67% quarter-over-quarter from $1.5 million in Q4 2025, and down 44.4% year-on-year from -$969.8 million in Q1 2025.
Marex (MRX) Operating Expenses (2023 - 2026) Analysis & Trends
Marex (MRX) has reported Operating Expenses for 4 consecutive years, with -$539.2 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at -$539.2 million, down 44.4% year-over-year; the trailing twelve-month figure through Mar 2026 was -$537.7 million (down 43.92% YoY), and the FY2025 annual result was $1.6 billion, up 24.28% from the prior year.
- Operating Expenses was -$539.2 million for Q1 2026 at Marex, down from $1.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.5 million in Q4 2025 and troughed at -$539.2 million in Q1 2026.
- Average Operating Expenses over 4 years is -$151.6 million, with a median of $0.0 recorded in 2024.
- Year-over-year, Operating Expenses slumped 186800.0% in 2025 and sank 44.4% in 2026.
- Over 4 years, Operating Expenses stood at $1.2 million in 2023, then sank by 116.67% to -$200000.0 in 2024, then jumped by 850.0% to $1.5 million in 2025, then slumped by 36046.67% to -$539.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$539.2 million in Q1 2026, $1.5 million in Q4 2025, and -$373.4 million in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 656.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 4.45 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 330.51 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 242.35 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Marex | 4.68 Bn | 4.68 Bn | - | -539.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -539.20 Mn |
| Dec 31, 2025 | -1.62 Bn |
| Mar 31, 2025 | -373.40 Mn |
| Dec 31, 2024 | -1.31 Bn |
| Jun 30, 2024 | -200,000.00 |
| Dec 31, 2023 | 1.20 Mn |