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| Date | Value |
|---|---|
| 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 |