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Ryan Specialty Holdings (RYAN) Operating Expenses (2020 - 2025)

Ryan Specialty Holdings (RYAN) has disclosed Operating Expenses for 6 consecutive years, with $659.7 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 19.03% to $659.7 million in Q4 2025 year-over-year; TTM through Dec 2025 was $2.6 billion, a 22.49% increase, with the full-year FY2025 number at $2.6 billion, up 22.49% from a year prior.
  • Operating Expenses was $659.7 million for Q4 2025 at Ryan Specialty Holdings, up from $643.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $664.1 million in Q2 2025 to a low of $271.6 million in Q1 2021.
  • A 5-year average of $452.3 million and a median of $434.3 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: soared 991.07% in 2021, then dropped 0.8% in 2022.
  • Ryan Specialty Holdings' Operating Expenses stood at $323.3 million in 2021, then increased by 10.05% to $355.8 million in 2022, then increased by 22.7% to $436.5 million in 2023, then grew by 26.96% to $554.2 million in 2024, then rose by 19.03% to $659.7 million in 2025.
  • Per Business Quant, the three most recent readings for RYAN's Operating Expenses are $659.7 million (Q4 2025), $643.8 million (Q3 2025), and $664.1 million (Q2 2025).