Ryan Specialty Holdings RYAN
NYSE RYAN
$39.45 -1.42 (-3.47%)
As of: Sep 9, 2026 · 3:59 PM EDT

Ryan Specialty Holdings (RYAN) Operating Expenses (2020 - 2026)

Ryan Specialty Holdings' (RYAN) quarterly Operating Expenses came in at $736.3 million in Q2 2026, up 10.87% year-over-year from $664.1 million in Q2 2025, and up 5.1% quarter-over-quarter from $700.6 million in Q1 2026.

Analysis

Ryan Specialty Holdings (RYAN) Operating Expenses (2020 - 2026) Analysis & Trends

Ryan Specialty Holdings (RYAN) has reported Operating Expenses for 7 consecutive years, with $736.3 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 10.87% year-over-year to $736.3 million in Q2 2026; TTM through Jun 2026 was $2.7 billion, a 17.54% increase from a year earlier, with the FY2025 full-year figure at $2.6 billion, up 22.49% from the prior year.
  • Operating Expenses was $736.3 million for Q2 2026 at Ryan Specialty Holdings, up from $700.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $736.3 million in Q2 2026 and troughed at $343.5 million in Q1 2022.
  • A 5-year average of $513.1 million and a median of $501.3 million in 2024 frame the typical range for Operating Expenses.
  • The widest YoY moves for Operating Expenses: up 29.56% in 2022, down 0.8% in 2022.
  • Over 5 years, Operating Expenses stood at $355.8 million in 2022, then rose by 22.7% to $436.5 million in 2023, then increased by 26.96% to $554.2 million in 2024, then grew by 19.03% to $659.7 million in 2025, then increased by 11.62% to $736.3 million in 2026.
  • The last three Operating Expenses figures came in at $736.3 million (Q2 2026), $700.6 million (Q1 2026), and $659.7 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Marsh & Mclennan Companies 85.01 Bn 72.80 Bn 6.04 Bn 5.51 Bn
2 Aon 65.00 Bn 63.73 Bn - 3.33 Bn
3 Arthur J. Gallagher 62.74 Bn 61.35 Bn - 3.59 Bn
4 Willis Towers Watson 29.53 Bn 27.87 Bn 2.09 Bn 2.10 Bn
5 Brown & Brown 22.19 Bn 21.27 Bn 1.41 Bn 1.29 Bn
6 XChange TEC.INC 17.23 Bn 17.23 Bn - -
7 Erie Indemnity 11.26 Bn 10.91 Bn - 885.67 Mn
8 Ryan Specialty Holdings 4.93 Bn 4.79 Bn - 736.33 Mn
9 Neptune Insurance Holdings 4.36 Bn 4.34 Bn - 29.32 Mn
10 Baldwin Insurance 2.60 Bn 2.42 Bn - 501.28 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 736.33 Mn
Mar 31, 2026 700.63 Mn
Dec 31, 2025 659.65 Mn
Sep 30, 2025 643.79 Mn
Jun 30, 2025 664.12 Mn
Mar 31, 2025 589.93 Mn
Dec 31, 2024 554.21 Mn
Sep 30, 2024 523.22 Mn
Jun 30, 2024 531.07 Mn
Mar 31, 2024 479.40 Mn
Dec 31, 2023 436.53 Mn
Sep 30, 2023 432.12 Mn
Jun 30, 2023 462.31 Mn
Mar 31, 2023 387.51 Mn
Dec 31, 2022 355.77 Mn
Sep 30, 2022 350.65 Mn
Jun 30, 2022 385.76 Mn
Mar 31, 2022 343.50 Mn
Dec 31, 2021 323.29 Mn
Sep 30, 2021 353.50 Mn