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 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 Marex 8.65 Bn 8.65 Bn - -539.20 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -539.20 Mn
Mar 31, 2025 -373.40 Mn
Mar 31, 2024 200,000.00
Dec 31, 2023 1.20 Mn