Rocket Companies (RKT) Operating Expenses (2019 - 2026)

Rocket Companies (RKT) reported Operating Expenses of $2.5 billion for Q1 2026, up 91.92% on a YoY basis from $1.3 billion in Q1 2025, and up 0.71% sequentially from $2.5 billion in Q4 2025.

Rocket Companies (RKT) Operating Expenses (2019 - 2026) Analysis & Trends

Rocket Companies (RKT) has 8 years of Operating Expenses data on file, last reported at $2.5 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 91.92% year-over-year to $2.5 billion; the trailing twelve-month figure through Mar 2026 stood at $8.2 billion (up 75.3% YoY), and the FY2025 full-year result was $6.9 billion, up 55.85% from the prior year.
  • Operating Expenses rose to $2.5 billion in Q1 2026, 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.
  • A 5-year average of $1.4 billion and a median of $1.1 billion in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses plunged 43.24% in 2022 and surged 130.49% in 2025, its largest moves.
  • Tracing RKT's Operating Expenses over 5 years: stood at $986.2 million in 2022, then slipped by 5.04% to $936.5 million in 2023, then increased by 16.89% to $1.1 billion in 2024, then soared by 130.49% to $2.5 billion in 2025, then increased by 0.71% to $2.5 billion in 2026.
  • Business Quant data shows RKT's Operating Expenses at $2.5 billion in Q1 2026, $2.5 billion in Q4 2025, and $1.8 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Rocket Companies 38.33 Bn 35.64 Bn - 2.54 Bn
2 Federal National Mortgage Association Fannie Mae 35.67 Bn 35.67 Bn - 2.18 Bn
3 Federal Home Loan Mortgage 18.11 Bn 13.64 Bn - 2.02 Bn
4 PennyMac Financial Services 4.41 Bn 3.76 Bn 523.89 Mn 440.29 Mn
5 CNFinance Holdings 3.28 Bn 3.20 Bn - -
6 Walker & Dunlop 1.64 Bn 1.44 Bn - 275.38 Mn
7 Velocity Financial 681.36 Mn -6.51 Bn - 54.34 Mn
8 UWM Holdings 540.43 Mn 116.43 Mn - 575.39 Mn
9 Better Home & Finance Holding 362.34 Mn 298.07 Mn - 98.41 Mn
10 Onity 340.51 Mn 215.81 Mn - 132.20 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.54 Bn
Dec 31, 2025 2.52 Bn
Sep 30, 2025 1.79 Bn
Jun 30, 2025 1.34 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
Jun 30, 2021 1.61 Bn