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

Rocket Companies' (RKT) quarterly Operating Expenses came in at $2.5 billion in Q1 2026, up 91.92% year-on-year from $1.3 billion in Q1 2025, and up 0.71% quarter-over-quarter from $2.5 billion in Q4 2025.

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 Q1 2026.

  • Operating Expenses for Q1 2026 came in at $2.5 billion, up 91.92% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.2 billion (up 75.3% YoY), and the FY2025 annual result was $6.9 billion, up 55.85% from the prior year.
  • Operating Expenses came in at $2.5 billion for Q1 2026 at Rocket Companies, up 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.
  • The 5-year median for Operating Expenses is $1.1 billion (2024), against an average of $1.4 billion.
  • Across the five-year window, Operating Expenses slumped 43.24% in 2022 and surged 130.49% in 2025, its largest moves.
  • Rocket Companies' 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 rose by 0.71% to $2.5 billion in 2026.
  • The last three Operating Expenses figures came in at $2.5 billion (Q1 2026), $2.5 billion (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Rocket Companies 34.85 Bn 32.16 Bn - 2.54 Bn
2 PennyMac Financial Services 4.14 Bn 3.65 Bn 523.89 Mn 440.29 Mn
3 Walker & Dunlop 1.73 Bn 1.55 Bn - 275.38 Mn
4 UWM Holdings 743.45 Mn 1.57 Bn - 575.39 Mn
5 Velocity Financial 668.42 Mn 583.96 Mn - 54.34 Mn
6 CNFinance Holdings 591.78 Mn 542.97 Mn - -
7 Better Home & Finance Holding 419.52 Mn 349.24 Mn - 98.41 Mn
8 Onity 306.24 Mn 306.24 Mn - 132.20 Mn
9 loanDepot 209.70 Mn -4.79 Mn - 341.50 Mn
10 Greystone Housing Impact Investors 120.06 Mn 120.06 Mn - 17.75 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