Rocket Companies (RKT) Operating Expenses (2019 - 2026)
Rocket Companies' (RKT) quarterly Operating Expenses came in at $2.5 billion in Q2 2026, up 75.4% year-over-year from $1.4 billion in Q2 2025, and down 1.5% quarter-over-quarter from $2.5 billion in Q1 2026.
Analysis
Rocket Companies (RKT) Operating Expenses (2019 - 2026) Analysis & Trends
Rocket Companies has disclosed Operating Expenses across 8 years of filings, most recently posting $2.5 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 75.4% year-over-year to $2.5 billion; the TTM figure through Jun 2026 stood at $9.4 billion (up 87.51% YoY), while the FY2025 annual figure was $6.9 billion, up 55.85% from the prior year.
- Operating Expenses came in at $2.5 billion for Q2 2026 at Rocket Companies, down from $2.5 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.5 billion in Q1 2026 to a low of $936.5 million in Q4 2023.
- Average Operating Expenses over 5 years is $1.4 billion, with a median of $1.2 billion recorded in 2022.
- Year-over-year, Operating Expenses sank 43.24% in 2022 and soared 130.49% in 2025.
- Over 5 years, Operating Expenses stood at $986.2 million in 2022, then dropped by 5.04% to $936.5 million in 2023, then rose by 16.89% to $1.1 billion in 2024, then jumped by 130.49% to $2.5 billion in 2025, then decreased by 0.8% to $2.5 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $2.5 billion in Q2 2026, $2.5 billion in Q1 2026, and $2.5 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Federal National Mortgage Association Fannie Mae | 79.20 Bn | 79.20 Bn | - | 2.07 Bn |
| 2 | Rocket Companies | 37.40 Bn | 34.29 Bn | - | 2.50 Bn |
| 3 | Figure Technology Solutions | 8.09 Bn | 6.55 Bn | 196.67 Mn | 147.85 Mn |
| 4 | PennyMac Financial Services | 3.62 Bn | 2.87 Bn | 480.08 Mn | 465.44 Mn |
| 5 | Federal Agricultural Mortgage | 2.44 Bn | 1.40 Bn | - | 11.59 Mn |
| 6 | CNFinance Holdings | 1.37 Bn | 1.37 Bn | - | - |
| 7 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | 304.62 Mn |
| 8 | Velocity Financial | 703.53 Mn | -6.75 Bn | - | 59.75 Mn |
| 9 | UWM Holdings | 453.97 Mn | -44.44 Mn | - | 635.05 Mn |
| 10 | Onity | 294.97 Mn | 98.67 Mn | - | 139.00 Mn |
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 |