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
DateValue
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