Marex (MRX) Operating Expenses (2023 - 2026)
Marex (MRX) reported Operating Expenses of -$539.2 million for Q1 2026, down 44.4% on a YoY basis from -$969.8 million in Q1 2025, and down 16.53% quarter-over-quarter from -$462.7 million in Q4 2025.
Marex (MRX) Operating Expenses (2023 - 2026) Analysis & Trends
Marex has reported Operating Expenses for 4 years, with the latest figure at -$539.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 44.4% year-over-year to -$539.2 million; the trailing twelve-month figure through Mar 2026 stood at -$1.0 billion (down 40.22% YoY), and the FY2025 full-year result was $1.6 billion, up 24.28% from the prior year.
- Operating Expenses for Q1 2026 stood at -$539.2 million, down from -$462.7 million in the prior quarter.
- The five-year high for Operating Expenses was $1.2 million in Q4 2023, with the low at -$539.2 million in Q1 2026.
- Historically, Operating Expenses has averaged -$245.0 million across 4 years, with a median of -$340.9 million in 2024.
- The largest YoY upside for Operating Expenses was 35.73% in 2025 against a maximum downside of 186800.0% in 2025.
- Marex's Operating Expenses stood at $1.2 million in 2023, then sank by 28508.33% to -$340.9 million in 2024, then plunged by 35.73% to -$462.7 million in 2025, then retreated by 16.53% to -$539.2 million in 2026.
- The last three Operating Expenses figures came in at -$539.2 million (Q1 2026), -$462.7 million (Q4 2025), and -$373.4 million (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 330.51 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Marex | 6.49 Bn | 3.42 Bn | - | -539.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -539.20 Mn |
| Dec 31, 2025 | -462.70 Mn |
| Mar 31, 2025 | -373.40 Mn |
| Dec 31, 2024 | -340.90 Mn |
| Jun 30, 2024 | -200,000.00 |
| Mar 31, 2024 | 200,000.00 |
| Dec 31, 2023 | 1.20 Mn |