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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |