Rocket Companies (RKT) Operating Expenses (2019 - 2026)
Rocket Companies (RKT) recorded Operating Expenses of $2.5 billion in Q2 2026, up 75.4% from $1.43 billion a year earlier but down 1.5% from the prior quarter.
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Analysis
Rocket Companies (RKT) Operating Expenses (2019 - 2026) Analysis & Trends
On a TTM basis, Rocket Companies' Operating Expenses came in at $9.36 billion as of Jun 30, 2026, up 87.5% year-over-year; for FY2025, it came in at $6.91 billion, up 55.9% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 2.5% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $4.43 billion in FY2024 (+5.5%), $4.2 billion in FY2023 (-17.6%), $5.1 billion in FY2022 (-24.3%) and $6.73 billion in FY2021 (+10.0%).
- Quarterly Operating Expenses has ranged from $936.55 million in Q4 2023 to $2.54 billion in Q1 2026 over the past five years.
- On a year-over-year basis, Operating Expenses has increased for ten consecutive quarters, with growth averaging 53.4% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 130.5% in Q4 2025, against a decline of 43.2% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.54 billion (Q1 2026), $2.52 billion (Q4 2025) and $1.79 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.50 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 4.66 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 2.07 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 1.02 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 1.33 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 12.39 Bn | -6.35 Bn | - | 2.10 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.50 Bn |
| Mar 31, 2026 | 2.54 Bn |
| Dec 31, 2025 | 2.52 Bn |
| Sep 30, 2025 | 1.79 Bn |
| Jun 30, 2025 | 1.43 Bn |
| Mar 31, 2025 | 1.32 Bn |
| Dec 31, 2024 | 1.09 Bn |
| Sep 30, 2024 | 1.14 Bn |
| Jun 30, 2024 | 1.11 Bn |
| Mar 31, 2024 | 1.09 Bn |
| Dec 31, 2023 | 936.55 Mn |
| Sep 30, 2023 | 1.09 Bn |
| Jun 30, 2023 | 1.10 Bn |
| Mar 31, 2023 | 1.08 Bn |
| Dec 31, 2022 | 986.21 Mn |
| Sep 30, 2022 | 1.19 Bn |
| Jun 30, 2022 | 1.31 Bn |
| Mar 31, 2022 | 1.61 Bn |
| Dec 31, 2021 | 1.74 Bn |
| Sep 30, 2021 | 1.69 Bn |
API Access
Rocket Companies Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RKT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RKT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RKT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();