Marex (MRX) Operating Expenses (2023 - 2026)
Marex's (MRX) quarterly Operating Expenses came in at -$539.2 million in Q1 2026, down 44.4% YoY from -$969.8 million in Q1 2025, and down 44.4% on a QoQ basis from -$373.4 million in Q1 2025.
Marex (MRX) Operating Expenses (2023 - 2026) Analysis & Trends
Marex (MRX) has 4 years of Operating Expenses data on file, last reported at -$539.2 million in Q1 2026.
- Quarterly Operating Expenses fell 44.4% year-over-year to -$539.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$539.2 million (down 44.4% YoY) and the FY2025 annual result came in at $1.6 billion, up 24.28% from the prior year.
- Operating Expenses retreated to -$539.2 million in Q1 2026, from -$373.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.2 million in Q4 2023 to a low of -$539.2 million in Q1 2026.
- A 4-year average of -$227.8 million and a median of -$186.6 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2025 — Operating Expenses plunged 186800.0% — and 2026, when it tumbled 44.4%.
- Tracing MRX's Operating Expenses over 4 years: stood at $1.2 million in 2023, then plunged by 83.33% to $200000.0 in 2024, then sank by 186800.0% to -$373.4 million in 2025, then plunged by 44.4% to -$539.2 million in 2026.
- The last three Operating Expenses figures came in at -$539.2 million (Q1 2026), -$373.4 million (Q1 2025), and $200000.0 (Q1 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 3.40 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 734.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 440.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 4.67 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 313.68 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 254.49 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -200.78 Mn |
| 10 | Marex | 5.07 Bn | 5.07 Bn | - | -538.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -539.20 Mn |
| Mar 31, 2025 | -373.40 Mn |
| Mar 31, 2024 | 200,000.00 |
| Dec 31, 2023 | 1.20 Mn |